Iron Mountain stock trades at EUR 97.54 as guidance rises

Published on 09/29/2026 at 13:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iron Mountain stock delivered USD 2.03 billion in Q2 revenue, up 18.50 percent year over year. Full-year guidance rose to USD 8.01 billion.

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Iron Mountain (ISIN US46284V1017) was trading at EUR 97.54 at Lang & Schwarz on September 29, 2026, at 1:06 p.m. CEST, down 0.11 percent versus the prior close of EUR 97.65. The company is shifting its growth profile toward data centers, digital services and asset lifecycle management, and its Q2/2026 figures show why that transition matters.

Revenue reaches USD 2.03 billion

According to Yahoo Finance, Iron Mountain reported Q2/2026 revenue of USD 2.03 billion on August 5, 2026, up 18.50 percent from the prior-year quarter. Service revenue rose 27.00 percent to USD 894.00 million, while storage rental revenue increased 12.00 percent to USD 1.14 billion.

MarketBeat reported that adjusted earnings per share came in at USD 0.60 for Q2/2026, above the USD 0.54 consensus estimate. The result gives the growth story a measurable earnings comparison rather than relying only on data center expansion.

Guidance rises with the digital mix

Management raised full-year 2026 revenue guidance to USD 7.94 billion to USD 8.01 billion, according to Yahoo Finance. The same report said adjusted EBITDA reached USD 727.00 million in Q2/2026, up 15.70 percent year over year, while AFFO per share rose 16.00 percent to USD 1.44.

The trade-off is visible in profitability. Adjusted EBITDA margin declined 0.90 percentage points to 35.80 percent in Q2/2026 as Iron Mountain builds capital-intensive data center capacity. The company had also raised long-term debt to USD 17.13 billion from USD 16.22 billion at the end of 2025, according to the same Q2 review.

Analysts lift targets into October

Analyst targets remain above the current New York Stock Exchange quote. MarketBeat said Barclays raised its target from USD 143.00 to USD 144.00 on September 8, 2026, while Truist lifted its target from USD 140.00 to USD 155.00 on August 27, 2026. The next earnings report is scheduled for October 29, 2026, according to Investing.com.

Iron Mountain stock trades below yearly high

Iron Mountain stock was trading at EUR 97.54 at Lang & Schwarz on September 29, 2026, at 1:06 p.m. CEST, down 0.11 percent versus the prior close of EUR 97.65. The company had a market capitalization of USD 33.0 billion as of September 28, 2026, while its primary-market 52-week range was USD 77.77 to USD 134.68.