Iron Mountain raises full-year guidance after first quarter 2026 revenue grew 22%.

Iron Mountain reported first quarter 2026 revenue of $1.94 billion and Adjusted Funds From Operations (AFFO) of $1.43 per share, representing year-over-year increases of approximately 22% for both metrics. Following the strong performance, the company raised its full-year 2026 guidance.

Key Highlights

• The company reported total organic revenue growth of 17.2%, reflecting broad-based strength and acceleration.
• Growth businesses showed significant momentum, with Data Center revenue growing 47% and Asset Lifecycle Management (ALM) revenue growing 92% year-over-year.
• Iron Mountain increased its full-year 2026 guidance for total revenue to a new range of $7.825 billion to $7.925 billion and for AFFO per share to $5.79 to $5.86.