IRM · Earnings call · 2026Q2T · Full report

Data Center Capacity Expansion

IRON MOUNTAIN INC · 2026-08-05 · Importance 52 · Surprise 42 · In source text

Iron Mountain leased 13 megawatts in the second quarter and another 75 megawatts in July, bringing year-to-date leasing to 110 megawatts.,Approximately 325 megawatts of leasable capacity are expected to energize over the next 24 months, including capacity in Richmond, Europe, India and Northern Virginia.,A 25-megawatt London 3 lease and a 10-megawatt Amsterdam lease were signed in July, while a global hyperscaler leased 51 megawatts in Mumbai under a 10-year contract.,India has another 100 megawatts of future development capacity, and management expects 2026 leasing to meaningfully exceed the original 100-megawatt target.

Key facts

• IRON MOUNTAIN INC year-to-date data center leasing (including July) reached 110 megawatts and total remaining energization is 325 megawatts to be energized over next 24 months (company previously noted 400 MW energizing but now 325 MW remain).
• IRON MOUNTAIN INC signed 13 megawatts of new data center leases in Q2 2026 (10 MW in Amsterdam and 3 MW in Enterprise segment).
• IRON MOUNTAIN INC commenced 25 megawatts and renewed 189 leases totaling 4 megawatts in Q2 2026.
• IRON MOUNTAIN INC leased 75 megawatts in July 2026 and had year-to-date leasing of 110 megawatts; total year-to-date leasing including July was 110 MW and July added 75 MW.
• IRON MOUNTAIN INC expects approximately 325 megawatts of leasable data center capacity to energize over the next 24 months.
• IRON MOUNTAIN INC Data Center future development capacity in India: another 100 megawatts.

Impact estimates