Iron Mountain forecasts annual revenue above estimates on strong data center demand

Core Viewpoint - Iron Mountain forecasts fiscal 2026 revenue exceeding Wall Street estimates due to increased enterprise spending on data center land leases for artificial intelligence workloads [1] Group 1: Revenue Forecast - The company anticipates annual revenue between $7.63 billion and $7.78 billion, surpassing the estimated $7.60 billion [1] - Expected annual adjusted funds from operations are projected to be between $5.69 and $5.79 per share, compared to the estimate of $5.73 per share [1] - First-quarter revenue is expected to be around $1.86 billion, exceeding the estimate of $1.80 billion [1] Group 2: Market Context - The surge in generative artificial intelligence is driving companies to invest heavily in large data centers to support complex model training and operations [1] - Iron Mountain has transitioned from a physical record management company to a provider of digital information management for numerous businesses [1] - The fourth-quarter revenue reported was $1.84 billion, which also beat the estimates of $1.80 billion [1]