Iron Mountain Incorporated (Del (IRM) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- 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.
How the report landed
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.
Where TrendMatrix's rating stands now
TrendMatrix currently rates IRM Sell at 5.7/10.
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.
What supports the rating
- Strong earnings beat streak (4/4)
- Strong growth profile
What argues against it
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9)
- Sector modifier (Real Estate): -1.2
- Negative momentum
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.
The levels TrendMatrix's engine tracks
- Current price
- $114.98
- Price target
- $127.11
- Stop
- $107.45
- Upside to target
- +10.5%
- Reward-to-risk
- 1.4:1
The stock trades at 81.0× trailing but 41.0× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 23 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
IRM at TrendMatrix's latest read
REIT quarters hinge on occupancy, rate exposure, and FFO rather than headline EPS, which mechanically distorts under depreciation.
- Industry
- REIT - Specialty
- Market cap
- $33.30B
- P/E (fwd)
- 41.0
- P/E (ttm)
- 81.0
- 52-week range
- $77.77–$134.68
- Off 52-week high
- 14.6%
- RSI (14)
- 23
- Volume vs avg
- 1.14×
- Score today
- 5.7/10