Iron Mountain forecasts annual revenue above estimates on strong data center demand

Reuters

Thu, February 12, 2026 at 9:13 PM GMT+9 1 min read

Feb 12 (Reuters) - Iron Mountain forecast fiscal 2026 revenue above Wall Street ‌estimates on Thursday, as enterprises ramp up spending ‌on land leases to set up data centers ​powering artificial intelligence workloads.

A boom in generative artificial intelligence has spurred companies to invest heavily in building massive data centers to ‌support training ⁠and running complex models, benefiting companies such as Iron Mountain, which ⁠helps build out such infrastructure.

Founded as a physical record management company, Iron Mountain ​has evolved its business ​from storing papers ​and documents to ‌handling vast amounts of digital information for thousands of businesses.

Iron Mountain forecast annual revenue of between $7.63 billion and $7.78 billion, compared with estimates of $7.60 billion, according to data compiled by ‌LSEG.

The company expects annual ​adjusted funds from operations ​of between $5.69 ​and $5.79 per share, compared with ‌estimates of $5.73 per share.

It ​expects first-quarter ​revenue of around $1.86 billion, compared with estimates of $1.80 billion.

Revenue for the fourth quarter ​came in ‌at $1.84 billion, beating estimates of $1.80 billion.

(Reporting ​by Zaheer Kachwala in Bengaluru; ​Editing by Tasim Zahid)

條款 及 私隱政策

Privacy Dashboard

More Info