IRM · 10-Q · 2026Q3 · Full report

Datacenter Demand Trends

IRON MOUNTAIN INC · 2026-11-05 · Importance 70 · Surprise 56

Global Data Center Business segment revenue increased 39.6% in the first nine months of 2026, with 38.8% organic growth; storage rental revenue grew 39.3%, or 38.4% organically. Growth reflected leases commencing during 2026 and prior periods, improved pricing, and higher customer power usage. Segment Adjusted EBITDA margin increased 160 basis points, reflecting lease commencements, improved pricing, and cost containment, partly offset by higher pass-through power costs.