Iron Mountain posted Q2 2026 net income of USD 106.1 million, swinging from a loss a year earlier; revenue rose 18.5% to USD 2.03 billion.
Adjusted EBITDA climbed 15.7% to USD 727 million, while the adjusted EBITDA margin slipped 0.9 percentage point to 35.8%.
AFFO increased 17% to USD 432.7 million, with AFFO per share up 16.1% to USD 1.44.
Storage rental revenue grew 12% to USD 1.14 billion, while service revenue rose 27% to USD 894 million.
Management cited momentum in ALM and digital cross-selling, accelerating data center leasing with 110 megawatts leased through July, and raised full-year guidance.
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