Iron Mountain Incorporated (Del (IRM) Q2 2026 earnings — TrendMatrix coverage

Reported EPS

$0.60

Estimate

$0.56

Surprise

+7.5%

Revenue (period 2026-06-30)

$2.03B

Score at report (before → after)

5.7 → 5.7/10

Revenue source: xbrl.

Iron Mountain Incorporated (Del (IRM) beat the $0.56 estimate with diluted EPS of $0.60 — a clear 7.5% upside surprise. TrendMatrix's engine moved from Hold (5.7/10) to Buy (Wait) at 5.7/10 after the report.

TrendMatrix currently rates IRM Hold at 5.6/10.

4 of the last 4 quarters beat the estimate; this quarter's +7.5% surprise compares with a +7.4% four-quarter average. Next scheduled report: 2026-11-04.

This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.

Current price

$115.18

Price target

$127.19

Stop

$107.96

Upside to target

+10.4%

Reward-to-risk

1.7:1

Model outputs from TrendMatrix’s engine as of 2026-09-14 — shown for context, not personalized investment advice.

REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.

Industry

REIT - Specialty

Market cap

$34.29B

P/E (fwd)

42.2

P/E (ttm)

81.7

52-week range

$77.77–$134.68

Off 52-week high

14.5%

RSI (14)

36

Volume vs avg

0.91×

Score today

5.6/10