The first quarter of 2026 has seen strong earnings growth among S&P 500 members, with notable performances from Cisco Systems, nVent Electric, and Iron Mountain. Cisco reported record sales of $15.8 billion, a 35% year-over-year increase in product orders, driven by high demand for its technology amidst the AI expansion. nVent Electric also set a new sales record of $1.2 billion, achieving a 53% year-over-year growth and increased its full-year sales guidance due to strong momentum in data center solutions.
Iron Mountain reported record sales of $1.9 billion, an increase of 22% year-over-year, attributed to its growth in data center and digital services. The company has started strong in data center leasing, with 32 megawatts leased by April, prompting an upward revision of its full-year guidance. All three companies are benefitting from trends in data center demand resulting from the AI sector, reinforcing their strong market positions.
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