Earnings Call
Apr 30, 2026
Q1 FY2026
EPS Estimate
0.50
EPS Actual
0.60
Post-Earnings Close
$125.99
Earnings Reaction
+10.0%
Iron Mountain posted its strongest organic growth quarter in over 25 years, with Q1 2026 revenue of $1.94 billion coming in roughly $80 million ahead of its own prior guidance and representing 22% year-over-year growth on a reported basis and 17% organically. AFFO of $426 million ($1.43 per share) was up 22% year-over-year and $0.04 ahead of guidance. The beat was broad-based, ALM, records management, and data center all outperformed, and management responded by raising full-year revenue guidance by $175 million at the midpoint to a range of $7.825, $7.925 billion, implying 14% growth, with AFFO guidance lifted to $5.79, $5.86 per share.
Report generated on May 2, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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