IRM · Earnings call · 2026Q2T · Full report

Capital Expenditure Program

IRON MOUNTAIN INC · 2026-08-05 · Importance 64 · Surprise 42

Iron Mountain invested $553 million of growth capital expenditures and $38 million of recurring capital expenditures in the second quarter of 2026. Management framed capital allocation around investing in high-return opportunities that support double-digit growth while maintaining the balance sheet and growing the dividend. The growth investment is connected to data-center capacity expansion and the company’s broader infrastructure growth strategy.