IRM · 8-K · 20260805PR000068

Guidance and Outlook

IRON MOUNTAIN INC · 2026-08-05 · Importance 80 · Surprise 68 · Contradicted

Iron Mountain increased its full-year 2026 revenue guidance to $7.940 billion-$8.010 billion, representing approximately 16% growth at the midpoint versus the prior $7.825 billion-$7.925 billion range. Full-year adjusted EBITDA guidance increased to $2.945 billion-$2.975 billion, or approximately 15% growth, from the prior $2.925 billion-$2.965 billion range. Full-year AFFO guidance rose to $1.760 billion-$1.780 billion, approximately 15% growth, versus the previous $1.735 billion-$1.755 billion range. The company’s Q3 2026 approximate guidance calls for $1.980 billion of revenue, $745 million of adjusted EBITDA, $440 million of AFFO, and $1.47 of AFFO per share.

Key facts

• Iron Mountain increased full year 2026 total revenue guidance to $7,940 - $8,010 million, approximately +16% at midpoint source
• Iron Mountain 2026 full year Adjusted EBITDA guidance: $2,945 - $2,975 million, approximately +15% at midpoint source
• Iron Mountain 2026 full year AFFO guidance: $1,760 - $1,780 million, approximately +15% at midpoint source
• Iron Mountain 2026 full year AFFO per share guidance: $5.87 - $5.93, approximately +14% at midpoint source
• Q3 2026 (approximate) total revenue guidance midpoint implied: ~$1,980 million (~13% Y/Y) source

Impact estimates