IRM · Earnings call · 2026Q2T · Full report

Products and Technology

IRON MOUNTAIN INC · 2026-08-05 · Importance 50 · Surprise 58

Iron Mountain’s Digital Solutions business delivered record quarterly revenue and continued double-digit organic growth, with recurring digital revenue exceeding 45% of the business. The company highlighted DXP, its AI-powered agentic solutions platform, including deployments that classify content, enrich metadata, apply governance rules and provide real-time operational dashboards. In the U.K., DXP will process 500,000 inbound items annually across 45 countries for a global fintech customer, while an Australian financial-services customer is digitizing 40 million images into DXP using Policy Center. Smart Sort was also selected by a global financial institution to process 10 million files during a building relocation.

Key facts

• IRON MOUNTAIN INC stated DXP (AI-powered agentic solutions platform) traction: digital business recurring revenue is now more than 45% of digital revenue and Digital business achieved record quarterly revenue and continued double-digit organic growth; DXP deployments include a 3-year global managed services agreement to process 500,000 inbound items annually and an Australia digitization of 40 million images into DXP.
• IRON MOUNTAIN INC said price environment for memory remains elevated versus last year with mixed component pricing versus Q1; mix and pricing varied across memory components.