Iron Mountain reports record Q1 2026: revenue up 22%, raises full-year guidance

Filed April 30, 2026 · Period ending April 30, 2026 · ~1 min read

Key Changes

• high

  Q1 2026 revenue reached $1.9 billion, up 22% year-over-year, with adjusted EBITDA rising 22% to $708 million and AFFO per share increasing 22% to $1.43. Growth businesses (data center, digital, asset lifecycle management) collectively grew over 50%.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
• high

  Full-year 2026 guidance raised: revenue to $7.825–$7.925 billion (from $7.625–$7.775 billion), adjusted EBITDA to $2.925–$2.965 billion (from $2.875–$2.925 billion), and AFFO per share to $5.79–$5.86 (from $5.69–$5.79), representing ~14% growth at midpoint.

  Exhibit 99.1 view on EDGAR →
• high

  Data center segment leased 32 megawatts through April 2026, with 400 megawatts of capacity energizing over the next 24 months. Q1 data center revenue grew 47% year-over-year to $255 million.

  Exhibit 99.2 view on EDGAR →