Storage King posts H2 2026 revenue beat, shares fall after call
Revenue exceeded forecasts in the second half of 2026, but shares declined as investors focused on guidance and margin pressures.
Storage King reported second-half 2026 revenue above analyst expectations, according to a transcript of its earnings call released Thursday. The company posted a 12% year-over-year increase in revenue to $1.45 billion, surpassing the $1.38 billion consensus estimate compiled by Refinitiv.
During the call, management highlighted strong demand for data-center storage solutions and cloud services, which drove the outperformance. Adjusted earnings before interest, taxes, depreciation and amortization rose 8% to $420 million, though this fell short of the $445 million forecast.
Shares of Storage King fell 2.3% in after-hours trading following the release of the transcript. Investors cited concerns over projected capital expenditures and softer-than-expected full-year guidance. Management projected 2027 capital spending of $650 million to $700 million, up from $580 million in 2026, while forecasting annual revenue growth of 8% to 10%, below prior guidance of 12%.
Analysts at JPMorgan maintained a neutral rating on the stock, citing valuation concerns despite the revenue beat. "The upside in revenue is encouraging, but the increased capex and conservative outlook temper enthusiasm," said an analyst in a note to clients.
Storage King’s next earnings report is scheduled for April 2027.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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