Equity Profile

IRM

Iron Mountain Incorporated

Real EstateOther Specialized REITs$36.7B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Iron Mountain Incorporated (IRM) is a real estate investment trust (REIT) that specializes in information management and storage solutions. The company plays a crucial role in helping businesses manage their physical and digital information, which is increasingly important in today's data-driven world.

Key Metrics to Watch

Revenue Growth

Revenue growth is vital for assessing the company's ability to expand its services and market share in a competitive landscape.

N/A

Earnings Per Share (EPS)

EPS is a key indicator of profitability and is closely watched by investors to gauge financial health.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

IRM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-56.10%

Avg Stock Reaction

+0.03%

Last Quarter Recap

In Q1-2026, Iron Mountain reported an EPS of $0.60, significantly missing estimates of $1.27, which raised concerns about its profitability. Despite the disappointing earnings, the stock rose by 10.02% the following day, indicating some investor optimism.

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to enhancing customer service.
Plans to expand digital solutions.

Expectations

Wall Street Expectations

Overall expectations for Iron Mountain are cautious, especially after consecutive earnings misses. Investors will be closely watching for any signs of recovery in profitability and revenue growth.

Bull Case

If Iron Mountain can demonstrate a rebound in EPS and revenue growth, it may restore investor confidence and lead to a significant stock price increase.

Bear Case

Continued earnings misses or weak guidance could further erode investor trust, leading to a decline in stock price as concerns about the company's future prospects grow.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Iron Mountain's EPS exceed $0.60 this quarter?

Given the company's recent earnings misses, any improvement in EPS will be crucial for restoring investor confidence.

What are the occupancy rates for Q2-2026?

Occupancy rates directly impact revenue, and any significant changes could indicate the company's performance in the current market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Iron Mountain's potential for recovery, particularly in digital services, which could drive future growth.

Supporting Evidence

The company has committed to improving operational efficiency, which could enhance margins.

Recent stock price increases suggest some investors are optimistic about a turnaround.

Iron Mountain's focus on digital solutions may not be fully reflected in current earnings expectations.

Key Risk

If the EPS exceeds $0.70, it could challenge the prevailing negative sentiment and shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Iron Mountain can turn around its earnings performance after several disappointing quarters.

Bull Confirmed If

An EPS of $1.00 or higher would confirm the bull case and suggest a strong recovery.

Bear Confirmed If

An EPS below $0.50 would confirm the bear case, indicating ongoing struggles.

Pre-Earnings Positioning

Options Market

Implied Move

±6.9%

Historical Avg

±6.2%

In line with history

The options market is pricing in a potential move of about 6.9%, reflecting uncertainty around the upcoming earnings report.

Options are pricing ±6.9% while IRM has averaged ±6.2% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.4%

30d HV

37.8%

Calls (171K)P/C Ratio: 0.50Puts (39K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Iron Mountain beats expectations, history suggests the stock could rise by around 6.23% on the following day, confirming a recovery narrative.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await clearer guidance.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of around 0.03% following earnings misses.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

Senate only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-OKMarkwayne MullinSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on customer demand for digital services.
3Insights into occupancy rates and their impact on revenue.
4Management's outlook on future earnings guidance.
5Responses to recent earnings misses and plans to address them.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Revenue Growth

Revenue growth is vital for assessing the company's ability to expand its services and market share in a competitive landscape.

N/A

Earnings Per Share (EPS)

EPS is a key indicator of profitability and is closely watched by investors to gauge financial health.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

IRM Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

-56.10%

Avg Stock Reaction

+0.03%

Last Quarter Recap

Management Promises & Guidance

Focus on improving operational efficiency.
Commitment to enhancing customer service.
Plans to expand digital solutions.

Expectations

Wall Street Expectations

Overall expectations for Iron Mountain are cautious, especially after consecutive earnings misses. Investors will be closely watching for any signs of recovery in profitability and revenue growth.

Bull Case

If Iron Mountain can demonstrate a rebound in EPS and revenue growth, it may restore investor confidence and lead to a significant stock price increase.

Bear Case

Continued earnings misses or weak guidance could further erode investor trust, leading to a decline in stock price as concerns about the company's future prospects grow.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Iron Mountain's EPS exceed $0.60 this quarter?

Given the company's recent earnings misses, any improvement in EPS will be crucial for restoring investor confidence.

What are the occupancy rates for Q2-2026?

Occupancy rates directly impact revenue, and any significant changes could indicate the company's performance in the current market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Iron Mountain's potential for recovery, particularly in digital services, which could drive future growth.

Supporting Evidence

The company has committed to improving operational efficiency, which could enhance margins.

Recent stock price increases suggest some investors are optimistic about a turnaround.

Iron Mountain's focus on digital solutions may not be fully reflected in current earnings expectations.

Key Risk

If the EPS exceeds $0.70, it could challenge the prevailing negative sentiment and shift market expectations.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether Iron Mountain can turn around its earnings performance after several disappointing quarters.

Bull Confirmed If

An EPS of $1.00 or higher would confirm the bull case and suggest a strong recovery.

Bear Confirmed If

An EPS below $0.50 would confirm the bear case, indicating ongoing struggles.

Pre-Earnings Positioning

Options Market

Implied Move

±6.9%

Historical Avg

±6.2%

In line with history

The options market is pricing in a potential move of about 6.9%, reflecting uncertainty around the upcoming earnings report.

Options are pricing ±6.9% while IRM has averaged ±6.2% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.4%

30d HV

37.8%

Calls (171K)P/C Ratio: 0.50Puts (39K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Iron Mountain beats expectations, history suggests the stock could rise by around 6.23% on the following day, confirming a recovery narrative.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await clearer guidance.

Miss

A miss could lead to a decline, with historical patterns indicating an average drop of around 0.03% following earnings misses.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

Senate only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-OKMarkwayne MullinSen.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on operational efficiency improvements.
2Details on customer demand for digital services.
3Insights into occupancy rates and their impact on revenue.
4Management's outlook on future earnings guidance.
5Responses to recent earnings misses and plans to address them.