Iron Mountain Reports Third Quarter 2026 Results
Iron Mountain reported Q3 2026 revenue of $4.0 billion, up 13.5% YoY, with growth businesses growing over 30%. Net income was $129 million, up from $86 million YoY. Adjusted EBITDA reached $868 million, up 13.3%, with a 37.6% margin. AFFO per share was $4.58, up 17%. The company raised full-year guidance and increased its quarterly dividend by 15%.
How this was made
The 30-second read
Why it matters
The record Q3 performance and dividend increase reinforce the company's growth narrative, likely supporting the stock.
Market read
First report of Iron Mountain's Q3 2026 results, offering actionable insight for REIT and data center investors.
What to watch
Potential headwinds from rising energy costs for data center operations.
Background
Iron Mountain is a leading provider of records storage, data center, and asset lifecycle management services.
Ticker impact
Iron Mountain reported record Q3 2026 revenue, adjusted EBITDA and raised its dividend, providing fresh earnings data and guidance.
likely upward pressure as investors price in better-than-expected results and higher dividend.
First disclosure of Q3 results with record metrics and dividend increase; no prior market pricing of this news.
Market effects
Data center and storage REIT sector may see broader optimism from Iron Mountain's growth.
U.S. REIT market could benefit from the earnings beat.
Limited to investors focused on storage and REITs.
Counterpoint
If the market has already priced in strong growth, the rally may be muted.
Key entities
- CompanyIron Mountain
NYSE-listed REIT providing storage and data center services.
