Equity Profile

IRM

Iron Mountain Incorporated

Real EstateOther Specialized REITs$37.2B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Iron Mountain Incorporated (IRM) is a leading provider of storage and information management services. Operating in the real estate sector, it focuses on helping businesses securely store and manage their physical and digital assets, which is increasingly important in today's data-driven world.

Key Metrics to Watch

Revenue Growth

Investors will be keen to see if Iron Mountain can improve its revenue after recent misses.

N/A

Earnings Per Share (EPS)

EPS is a key indicator of profitability, and a significant improvement is needed after the recent disappointing results.

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 below the estimate of $1.27, resulting in a 10.02% stock increase the following day. This marked the continuation of a trend of earnings misses over the past quarters.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as Iron Mountain has consistently missed earnings estimates, raising concerns about its growth trajectory. Investors are looking for signs of recovery and improved operational performance.

Bull Case

If Iron Mountain can show a rebound in earnings and revenue growth, it could restore investor confidence and drive the stock higher.

Bear Case

Continued earnings misses or weak guidance could lead to further declines in stock price, as investors may lose faith in the company's ability to execute its strategy.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the company's history of missing EPS estimates, the market will closely scrutinize this figure to gauge recovery potential.

How has customer retention changed over the last quarter?

Customer retention is critical for revenue stability, and any decline could signal deeper issues within the business.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Iron Mountain's potential for recovery, given its strong market position and the increasing demand for secure data management.

Supporting Evidence

Despite recent misses, the stock has shown resilience with positive reactions post-earnings.

The options market indicates a significant expected move, suggesting that traders are anticipating a potential turnaround.

Iron Mountain's focus on expanding its digital services could drive future growth, which may not be fully reflected in current estimates.

Key Risk

If the EPS comes in above $1.00, it could significantly shift market sentiment and challenge the current bearish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it follows a series of disappointing results, and the market is looking for signs of improvement.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $0.50 would reinforce concerns about the company's growth strategy and confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±6.9%

Historical Avg

±6.2%

In line with history

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing in-line setup in Real Estate

n=30

Fade rate: 16 of 30 (53%)

This setup has occurred 30 times across Real Estate in the last 2 years. 16 of 30 faded and 14 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 1.5%, with a raw directional average of +0.7% (modestly positive historical bias).

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 around 6.23%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may see a muted reaction as investors weigh future growth.

Miss

A miss could lead to a decline, with history suggesting an average drop of around 0.03% on such outcomes.

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 new customer acquisitions or partnerships.
2Details on operational efficiencies and cost management strategies.
3Insights into the demand for digital storage solutions.
4Management's outlook on market trends and competitive landscape.
5Clarification on any changes to guidance or future expectations.

See the full picture

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

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

Key Metrics to Watch

Revenue Growth

Investors will be keen to see if Iron Mountain can improve its revenue after recent misses.

N/A

Earnings Per Share (EPS)

EPS is a key indicator of profitability, and a significant improvement is needed after the recent disappointing results.

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

Expectations

Wall Street Expectations

Bull Case

If Iron Mountain can show a rebound in earnings and revenue growth, it could restore investor confidence and drive the stock higher.

Bear Case

Continued earnings misses or weak guidance could lead to further declines in stock price, as investors may lose faith in the company's ability to execute its strategy.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the company's history of missing EPS estimates, the market will closely scrutinize this figure to gauge recovery potential.

How has customer retention changed over the last quarter?

Customer retention is critical for revenue stability, and any decline could signal deeper issues within the business.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Iron Mountain's potential for recovery, given its strong market position and the increasing demand for secure data management.

Supporting Evidence

Despite recent misses, the stock has shown resilience with positive reactions post-earnings.

The options market indicates a significant expected move, suggesting that traders are anticipating a potential turnaround.

Iron Mountain's focus on expanding its digital services could drive future growth, which may not be fully reflected in current estimates.

Key Risk

If the EPS comes in above $1.00, it could significantly shift market sentiment and challenge the current bearish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it follows a series of disappointing results, and the market is looking for signs of improvement.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $0.50 would reinforce concerns about the company's growth strategy and confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±6.9%

Historical Avg

±6.2%

In line with history

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing in-line setup in Real Estate

n=30

Fade rate: 16 of 30 (53%)

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 around 6.23%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may see a muted reaction as investors weigh future growth.

Miss

A miss could lead to a decline, with history suggesting an average drop of around 0.03% on such outcomes.

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 new customer acquisitions or partnerships.
2Details on operational efficiencies and cost management strategies.
3Insights into the demand for digital storage solutions.
4Management's outlook on market trends and competitive landscape.
5Clarification on any changes to guidance or future expectations.