Iron Mountain said total revenue for Q1 2026 was $1.9 billion, an increase of 21.6% compared with Q1 2025 of $1.6 billion. Excluding the impact of foreign exchange, total revenue increased 18.6%.

1. 01

   Iron Mountain said total revenue for Q1 2026 was $1.9 billion, an increase of 21.6% compared with Q1 2025 of $1.6 billion. Excluding the impact of foreign exchange, total revenue increased 18.6%.

2. 02

   The company said net income for Q1 was $149.0 million, compared with $16.2 million in Q1 2025, and Adjusted EBITDA was $707.9 million, an increase of 22.1%. Iron Mountain cited increased Operating Income as the driver of net income growth.

3. 03

   Iron Mountain said AFFO for Q1 was $426.1 million, an increase of 22.3% compared with $348.4 million in Q1 2025, and AFFO per share was $1.43, compared with $1.17 in Q1 2025. The company cited improved Adjusted EBITDA as the driver of AFFO growth.

4. 04

   Iron Mountain raised its full-year 2026 guidance. The company said new total revenue guidance is $7,825 to $7,925, compared with prior guidance of $7,625 to $7,775, and Adjusted EBITDA guidance is $2,925 to $2,965, compared with prior guidance of $2,875 to $2,925. Amounts are in millions.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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