IRM · Earnings call · 2026Q2T · Full report
Operating Income and Margins
IRON MOUNTAIN INC · 2026-08-05 · Importance 54 · Surprise 40 · No source text
Adjusted EBITDA was a record $727 million, increasing $99 million or 16% year-over-year and exceeding the prior projection of $715 million.,Global RIM adjusted EBITDA increased $34 million to $621 million, with a 43% adjusted EBITDA margin.,Global Data Center adjusted EBITDA rose $41 million to $137 million, producing a 52.2% margin that was 140 basis points higher year-over-year.,Data Center margin increased more than 100 basis points sequentially on a like-for-like power basis, while consolidated margin faced a mix headwind from strong services growth.
Key facts
- Global Data Center adjusted EBITDA in Q2 2026: $137 million, up $41 million year-on-year, adjusted EBITDA margin 52.2% (up 140 bps year-on-year).
- IRON MOUNTAIN INC adjusted EBITDA in Q2 2026: $727 million, up $99 million or 16% year-on-year.
- Global RIM adjusted EBITDA in Q2 2026: $621 million, up $34 million year-on-year with adjusted EBITDA margin of 43%.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +4.9% | IRON MOUNTAIN INC adjusted EBITDA in Q2 2026: $727 million, up $99 million or 16% year-on-year. |
| operating_income | positive | realized | +2.0% | Global Data Center adjusted EBITDA in Q2 2026: $137 million, up $41 million year-on-year, adjusted EBITDA margin 52.2% (up 140 bps… |
| operating_income | positive | realized | +1.7% | Global RIM adjusted EBITDA in Q2 2026: $621 million, up $34 million year-on-year with adjusted EBITDA margin of 43%. |
| margin | positive | realized | +1.4% | Global Data Center adjusted EBITDA in Q2 2026: $137 million, up $41 million year-on-year, adjusted EBITDA margin 52.2% (up 140 bps… |