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Iron Mountain shares rise after Q2 results as analysts keep a Buy stance
Iron Mountain reported $2.0 billion in Q2 revenue, up 18.5% year over year, and topped Wall Street estimates, according to the article.
Iron Mountain Incorporated reported Q2 2026 results that beat expectations, with the companys revenue rising 18.5% from the prior year quarter to $2.0 billion, according to Yahoo Finance. Shares rose 1.3% on Aug. 5 after the earnings release.
Yahoo Finance also said Iron Mountain posted AFFO per share of $1.44, topping Wall Street forecasts. The article notes that analysts have seen the company exceed consensus estimates in each of the last four quarters.
For full year 2026, Iron Mountain expects earnings in the range of $5.87 to $5.93 per share, and revenue of $7.94 billion to $8.01 billion, the article said. It added that analysts expect FFO to increase 154.7% year over year to $5.40 on a diluted basis.
On the analyst side, Yahoo Finance reported that RBC Capital analyst Jonathan Atkin maintained a Buy rating and set a price target of $147. The article said the mean price target is $134, implying 7.8% upside versus the current market price, while a Street-high target of $153 implies about 23% upside.