Analysts anticipate Iron Mountain to report first-quarter revenue of approximately $1.86 billion and EPS (AFFO) of $1.27, while the current stock price of $112.63 remains below the consensus target of $125.35.
The primary focal point for investors this quarter is the expansion of the Global Data Center segment, which is expected to see significant year-over-year growth.
Driven by the multi-year "Project Matterhorn" initiative, Iron Mountain is successfully transitioning from its traditional physical storage roots into a digital-first infrastructure provider. The company's bullish 2026 outlook is supported by substantial leasing momentum and the scheduled addition of 400 megawatts of new capacity to its data center pipeline over the next two years.