Iron Mountain Achieves Record Q2 Revenue, Exceeds Earnings Expectations

Iron Mountain (IRM) has exceeded Q2 earnings expectations, achieving record revenue and maintaining an "Outperform" recommendation from brokerage firms. Analysts project a potential 29.49% upside from the current stock price, with an average target price of $116.75. The consensus rating from 10 brokerage firms is 2.2, indicating a positive sentiment around the stock's potential performance. The projected GF Value for IRM in the coming year is $92.94, indicating an estimated upside of 3.08% from the present price.

Iron Mountain (IRM) has reported strong Q2 earnings, exceeding analyst expectations and posting record revenue. The company's adjusted earnings per share (EPS) of $1.24 surpassed the Zacks Consensus Estimate of $1.19, representing a 4.2% surprise [1]. This marks a significant improvement from the previous year's EPS of $0.42. The company's revenue for the quarter ended June 2025 reached $1.71 billion, an 11.6% year-over-year increase, surpassing the Zacks Consensus Estimate of $1.68 billion by 2.1% [1].

Key drivers of Iron Mountain's performance include robust growth in data center, digital, and asset lifecycle management businesses, which grew over 30% [2]. The company's adjusted EBITDA also beat analyst expectations, reaching $628 million compared to the average estimate of $622.4 million [2]. Despite a net loss of $43 million due to foreign exchange (FX) impacts on intercompany balances, Iron Mountain's strong operational performance has been recognized by analysts.

Brokerage firms have maintained an "Outperform" recommendation for Iron Mountain, with a consensus rating of 2.2 from 10 firms [2]. Analysts project a potential 29.49% upside from the current stock price, with an average target price of $116.75. The projected GF Value for IRM in the coming year is $92.94, indicating an estimated upside of 3.08% from the present price [2].

Iron Mountain's outlook for the current fiscal year includes a full-year revenue guidance of $6.79 billion to $6.94 billion and an adjusted EBITDA of $2.52 billion to $2.57 billion [2]. The company expects an AFFO per share of $5.04 to $5.13. Investors should keep an eye on the company's future earnings reports and management commentary to gauge the stock's performance and potential price movement.

References:
[1] https://finance.yahoo.com/news/iron-mountain-irm-q2-earnings-115502773.html
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_PLX592347:0-data-centre-reit-iron-mountain-posts-record-q2-revenue-raises-fy-forecast/