| IRM |
Report |
AFFO per share |
BEAT |
pred ~$1.43 vs. cons $1.40 |
MEDIUM |
| IRM |
Report |
Total revenue |
BEAT |
pred ~$1.99B vs. cons $1.97B |
MEDIUM |
| IRM |
Report |
Adjusted EBITDA |
BEAT |
pred ~$726M vs. cons ~$715M |
MEDIUM |
| IRM |
Guide |
FY26 AFFO/share guidance (raise) |
BETTER |
guide ~$5.84-5.92 vs. cons $5.82 (FY2026 midpoint) |
MEDIUM |
| IRM |
Guide |
FY26 revenue guidance (raise) |
BETTER |
guide ~$7.90-8.00B vs. cons ~$7.88B (FY2026) |
MEDIUM |
| IRM |
Guide |
Data center new leasing target |
BETTER |
guide ~55-65MW signed YTD / raise vs. ~100MW cons target (FY2026) |
LOW |
| IRM |
Guide |
FY26 ALM revenue |
BETTER |
guide ~$960M+ vs. cons ~$950M (FY2026) |
LOW |
| IRM |
Guide |
Memory/component pricing trajectory |
UNKNOWN |
commentary ~stable/firm vs. cons expects moderation (2H2026) |
LOW |
| IRM |
Return |
Day-1 residual (stock − beta × S&P 500) |
+2.5% |
— |
MEDIUM |
| IRM |
Return |
5-day cumulative residual |
+1.0% (FADE) |
Beat-and-raise cadence (4 straight AFFO beats, Q1 rev +$80M vs guide) plus a likely second FY26 raise should drive a positive day-1 pop and modest upward revisions. But consensus already sits on guidance, positioning is crowded-bullish (Strong Buy, ~9/12 buys), the multiple is a premium ~21-22x AFFO with only ~6% to the ~$133 target, and the tougher Q2 storage revenue-management comp caps out-period math. So initial gains partially fade toward stabilization once the raise is digested, unless the data-center leasing update is a clear step-change catalyst. |
LOW |