Iron Mountain expects annual revenue to beat estimates as data center demand surges
Iron Mountain expects 2026 revenue to reach 7.78 billion dollars as firms invest in AI infrastructure. This growth follows a strong fourth quarter performance.
Insights:
Iron Mountain Incorporated announced on 2026-02-12 that it expects fiscal 2026 revenue to exceed Wall Street estimates, citing strong demand for land leases as enterprises build data centers to support generative artificial intelligence. The updated guidance follows a fourth-quarter revenue beat and a raised outlook for the first quarter of the year, signaling a material change in the company's near-term revenue trajectory.
The company stated that the higher guidance and quarterly revenue beat reflect increased near-term revenue and adjusted funds-from-operations (AFFO) expectations tied to data center infrastructure demand. According to data from LSEG, the company's forecast surpasses consensus Wall Street estimates as enterprises accelerate their investments in facilities required for generative artificial intelligence. This shift reflects a broader trend of increased spending on land leases to accommodate the infrastructure needs of the technology.
