Feed - Buzzberg

12:30
Apr 30 ◎

IRM FY2026 Q1 Watch

Iron Mountain Incorporated (IRM) FY2026 Q1 Earnings Call

GOOGL MU META DELL IRM ▾

Bill Meany

Iron Mountain's digital solutions business (DXP) is recognized by Google, indicating a strong ongoing partnership in AI and media workflows.

"Additionally, we won another Google Partner of the Year this month for media and entertainment, adding to the 2018 Google Partner of the Year award for AI and machine learning."

GOOGL WATCH

Bill Meany

OEMs are buying used memory harvested by Iron Mountain from decommissioned servers to address component shortages, creating a new revenue stream and tight supply loop. — This validates memory scarcity and indicates that secondary markets are being tapped to fill supply gaps, which could impact OEM supply chain strategies and new memory pricing dynamics.

"we've seen more and more OEMs now asking for us to sell used memory that we're harvesting from other customers, which they're reintroducing into their new product supply chain..."

MU WATCH DELL WATCH

Bill Meany

Meta's elongated server refresh cycles (a customer of ALM decommissioning services) could reduce near-term ALM volume from hyperscalers, although Iron Mountain sees offsetting opportunities from OEMs.

"Meta recently announced it will be extending the use of the life of non-AI servers in some cases to seven years due to server supply availability."

META WATCH

Barry Heitkamp

Management raised full-year guidance across revenue, EBITDA, and AFFO, citing broad-based strength in ALM, data centers, and government business, signaling sustained double-digit growth.

"With the trajectory we are on, we have increased our financial guidance for the year."

IRM WATCH

HIGH

13:30
Feb 12 ◎

IRM FY2025 Q4 Watch

Iron Mountain Incorporated (IRM) FY2025 Q4 Earnings Call

IRM ▾

Bill Meany

Guidance is strongly optimistic, with record results across all segments, a large data center backlog, and plans for significant revenue growth in high-margin businesses. Management expects continued double-digit growth and margin expansion into 2026.

"We have great confidence in sustaining strong data center growth, supported by our current backlog, which we expect to drive more than 25% revenue growth in 2026."

IRM WATCH

HIGH

Feed — Buzzberg