Iron Mountain Posts Record Q2 2026 Results, Raises Full-Year Guidance — Iron Mountain Incorporated

Event summary

Iron Mountain reported $2.0 billion in total revenues for Q2 2026, up 18.5% year-over-year.
Net income swung to a profit of $106.1 million from a loss of $43.3 million in the same period last year.
Adjusted EBITDA increased by 15.7% to $727.0 million, driven by revenue growth and operational leverage.
The company leased 110 megawatts of data center space through July 2026.
Iron Mountain raised its full-year 2026 guidance across total revenue, adjusted EBITDA, AFFO, and AFFO per share.

The big picture

Iron Mountain's strong Q2 2026 results reflect its successful execution of growth plans and the continued trust of its clients. The company is capitalizing on opportunities in both physical records storage and digital information management, positioning itself as a key player in the evolving data management landscape. Its ability to integrate alternative technologies and expand data center leasing will be critical in sustaining this momentum.

What we're watching

Revenue Diversification: How Iron Mountain's focus on cross-selling and digital businesses will impact its long-term growth trajectory.
Data Center Expansion: The pace at which the company can sustain its data center leasing momentum amid competitive pressures.
Operational Efficiency: Whether Iron Mountain can maintain its improved EBITDA margins while scaling its operations globally.