Iron Mountain Incorporated · IRM · Next earnings

Iron Mountain Incorporated reports Wednesday, Nov 4, 2026

IRM reports before market open with consensus EPS at $0.61 and revenue at $1.99B. Last quarter: Iron Mountain Beats on Revenue and EPS as Data Center, ALM Surge Drives 22% Growth

Reports Before market open45 days awayDate estimated Real Estate

What the street expects

Consensus for the coming report
Consensus EPS $0.61 Calendar consensus
Consensus revenue $1.99B Calendar consensus
Report date Nov 4, 2026 Wednesday, date estimated
Session Before market open 45 days away

Where IRM left off: FY2026 Q1

Full report

Iron Mountain Beats on Revenue and EPS as Data Center, ALM Surge Drives 22% Growth

EPS surprise +19.8% Reported $0.60 vs $0.50
Revenue surprise +4.0% Reported $1.94B vs $1.86B
Stock move +10.0% Event window
Subsequent drift +1.8% Up to 20 sessions

Management raised full-year 2026 guidance for revenue, EBITDA, and AFFO, upgrading from the maintained stance in Q4 2025. ALM revenue guidance was increased to $950 million. CapEx is projected slightly lower than the prior year, with no constraint on data-center expansion. The dividend was increased, with a target payout ratio in the low-60s.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Memory price volatility affecting ALM pricing and margins
  • Potential slowdown in hyperscale lease activity
  • Regulatory compliance requirements for government contracts
  • Dependence on continued strong cloud and AI demand
  • Execution risk on large data-center build-out and pre-leasing targets

Questions analysts left open

  • Capital-expenditure allocation and potential constraints on data-center expansion
  • Impact and timing of new federal awards on revenue outlook
  • Effect of memory price stabilization on ALM margins
  • Progress of the Web Werks integration in India
  • Future M&A activity in the fragmented ALM market

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Recent IRM quarters

All IRM earnings
+10.0%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.