Iron Mountain Incorporated Q1 2026 Earnings Release

Iron Mountain Incorporated reported strong financial results for the first quarter of 2026, with total revenues reaching $1.9 billion, a 21.6% increase year-over-year. The company's growth businesses, including data center, digital, and asset lifecycle management, collectively grew over 50%. Net income rose to $149 million from $16 million in Q1 2025. Adjusted EBITDA was $708 million, up 22.1%, and Adjusted Funds From Operations (AFFO) increased by 22% to $426 million, or $1.43 per share. The company has raised its full-year 2026 financial guidance based on this performance. Iron Mountain also declared a quarterly cash dividend of $0.864 per share.