Iron Mountain

At the Goldman Sachs conference, Iron Mountain presented a hybrid business model in which the growth portfolio (data centers, asset‑lifecycle management, digital solutions) accounts for roughly 35% of revenue and has grown by more than 50% year‑over‑year. The data center business will contribute just over $1 billion in 2026 and, through signed lease contracts, has secured further growth of about 40%; 325 MW of additional capacity are expected to be brought online within 18–24 months. The ALM segment scaled from $30 million (2021) to an expected ~ $1 billion this year, and digital solutions generate over $600 million with a rising SaaS proportion. Management emphasizes strong cash generation, debt just below the 5x target, and expects annual increases in available cash of hundreds of millions of USD alongside continued dividend growth. » More on de.investing.com

Iron Mountain will implement the InSight DXP platform at the Social Development Bank in Saudi Arabia to automate document classification, information extraction and rule-based validation in SME credit processes. The system automatically identifies missing or inconsistent documents but retains manual checks for exception cases. The initial implementation will focus on selected SME financing processes with go-live in the third quarter of 2026, aiming to reduce manual processing and improve data quality. » More on de.investing.com

Iron Mountain reported fiscal Q1 2026 revenue of $1.94 billion, up 21.6% year‑over‑year, and GAAP EPS of $0.48. Data center revenue rose 47% to $255 million, driven by higher leasing, pricing and power ramping. The company leased 22 megawatts in Q1 and another 10 megawatts in April, and management expects to exceed its >100 megawatt guidance; Truist raised the price target to $140 and maintained a Buy rating. » More on finance.yahoo.com