Iron Mountain Q2 Earnings Call Highlights

Iron Mountain reported record second-quarter 2026 results, with revenue up 19% year over year to $2.03 billion and adjusted EBITDA rising 16% to $727 million. The company said expansion in data centers, asset lifecycle management (ALM) and digital solutions exceeded expectations. CEO Will Meaney noted organic revenue grew 17% and adjusted funds from operations (AFFO) increased 17% during the quarter. Iron Mountain’s data center and ALM/digital businesses together grew more than 50%, contributing 35% of second-quarter revenue. The data center segment generated $263 million, up 39%, helped by leasing activity including a 10-megawatt deal in Amsterdam and additional agreements in London and Mumbai. Management expects to “meaningfully exceed” its original 100-megawatt full-year leasing target.