IRM · 8-K · 20260805PR000068
Revenue Performance and Mix
IRON MOUNTAIN INC · 2026-08-05 · Importance 64 · Surprise 48 · No source text
Second-quarter 2026 total revenue was $2.029 billion, up 18.5% year over year and 4.8% sequentially from $1.936 billion in Q1 2026. Storage rental revenue increased 12.3% year over year to $1.135 billion and 3.6% sequentially, while service revenue rose 27.4% year over year to $894 million and 6.3% sequentially. Year-to-date revenue reached $3.965 billion, up 20.0%, with storage rental revenue of $2.229 billion and service revenue of $1.736 billion. Data center, digital, and asset lifecycle management businesses collectively grew more than 50% year over year in Q2, and data center leasing totaled 110 megawatts through July, including 13 megawatts in Q2 and 75 megawatts in July.
Key facts
- Service revenue for Q2 2026: $894 million, up 27% year over year source
- Year-to-date total revenues through 6/30/2026: $3,965,211 thousand, up 20.0% vs YTD 2025 source
- Total quarterly revenue for Q2 2026: $2.0 billion, an increase of 18.5% reported vs Q2 2025 source
- Storage rental revenue for Q2 2026: $1,135 million, up 12% year over year source
- Total reported revenues increase excluding foreign exchange effects: 17.6% year over year in Q2 2026 source
- Organic revenue growth in Q2 2026: 16.8% year over year source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +32.6% | Year-to-date total revenues through 6/30/2026: $3,965,211 thousand, up 20.0% vs YTD 2025 |
| revenue | positive | realized | +15.6% | Total quarterly revenue for Q2 2026: $2.0 billion, an increase of 18.5% reported vs Q2 2025 |
| revenue | positive | realized | +9.5% | Service revenue for Q2 2026: $894 million, up 27% year over year |
| revenue | positive | realized | +6.1% | Storage rental revenue for Q2 2026: $1,135 million, up 12% year over year |