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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Iron Mountain (IRM) is 9/10.
Iron Mountain delivered extraordinary Q1 2026 results with revenue of $1.94 billion up 22%, driven by data center revenue surging 47% on hyperscale demand and ALM revenue nearly doubling with 92% growth. Record organic growth of 17% was the highest in over 25 years, and adjusted EBITDA of $708 million increased 22% year-over-year with AFFO per share of $1.43 up 22%. Full-year 2026 guidance was raised across all metrics with revenue midpoint increasing $175 million, as government business accelerated with record bookings and digital solutions posted record Q1 results with 20%+ growth.
Scored from Iron Mountain’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $1.58B | +11.4% | $0.35 | +262.7% | 17.9% | 6.6% | $-243M |
| FY2025 Q1 | $1.59B | +7.8% | $0.05 | -78.3% | 16.0% | 1.0% | $-486M |
| FY2025 Q2 | $1.71B | +11.6% | $-0.15 | -225.0% | 15.2% |
| -2.6% |
| $-183M |
| FY2025 Q3 | $1.75B | +12.6% | $0.28 | +354.5% | 17.6% | 4.8% | $-246M |
| FY2025 Q4 | $1.84B | +16.6% | $0.30 | -14.3% | 18.5% | 4.8% | $-16M |
| FY2026 Q1 | $1.94B | +21.6% | $0.48 | +785.6% | 20.4% | 7.4% | $-183M |
| FY2026 Q2 | $2.03B | +18.5% | $0.34 | +326.7% | 18.4% | 5.0% | $-36M |