Iron Mountain stock gained 2.03 percent as Q2 growth held firm

Published on 10/04/2026 at 21:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iron Mountain stock delivered USD 2.029 billion in Q2 revenue, up 18.5 percent year over year. Analysts set a USD 139.83 average target across seven firms.

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Iron Mountain stock (ISIN US46284V1017) was last at USD 113.39 on the NYSE on October 2, 2026 at 4:00 p.m. ET, up 2.03 percent from the prior session. The move came against a quarterly backdrop in which revenue rose 18.5 percent year over year to USD 2.029 billion.

Q2 revenue reached USD 2.029 billion

Iron Mountain's second-quarter 2026 revenue increased to USD 2,029.1 million, while adjusted EBITDA rose 15.7 percent to USD 727.0 million, according to Financial Report Insights in its Q2 2026 analysis. Adjusted EBITDA margin fell 0.9 percentage points to 35.8 percent as faster-growing activities carried a different revenue mix.

The same Q2 report put adjusted EPS at USD 0.60, up 25 percent from USD 0.48 in Q2 2025, while GAAP diluted EPS was USD 0.34. Operating income reached USD 373.5 million, 43.7 percent above the year-earlier figure, giving investors a sharper measure of operating progress than the headline margin change.

Analysts see USD 139.83 target

According to MarketBeat on September 30, 2026, five of seven analysts rated Iron Mountain Buy and two rated it Hold, producing a Moderate Buy consensus. The average 12-month price target was USD 139.83, with targets ranging from USD 130.00 to USD 155.00.

The average target stood 23.2 percent above the October 2 price of USD 113.39. The gap reflects the market's continuing emphasis on data-center expansion and information-management growth, while the Q2 margin decline highlights the cost of that transition.

October 2 gain leaves room below high

Iron Mountain's October 2 trading range was USD 112.15 to USD 114.74, with volume of 1,703,586 shares. Its market capitalization was USD 33.7 billion, and the stock remained 15.81 percent below its 52-week high of USD 134.68.

For investors, the central tension is visible in the operating figures: revenue expanded faster than adjusted EBITDA, and adjusted EBITDA margin narrowed to 35.8 percent. The business therefore combines high reported growth with a margin mix that deserves close attention as data-center and asset-lifecycle operations expand.

Iron Mountain stock holds at USD 113.39

Iron Mountain stock was last at USD 113.39 on the NYSE on October 2, 2026 at 4:00 p.m. ET, after gaining 2.03 percent. The quotation currency is USD and the 52-week range is USD 77.77 to USD 134.68.