Vertiv Holdings, LLC: Beat — EPS $2.21, Revenue $4.31B
Earnings BeatQ3 2026 · Pre-market
Did Vertiv Holdings, LLC (VRT) beat earnings today?
Yes, Vertiv Holdings, LLC (VRT) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+21.43% surprise
$2.21Actual
Expected: $1.82
vs. year ago +78.0%
Total Revenue+14.70% surprise
$4.31BActual
Expected: $3.76B
vs. year ago +61.0%
Released Oct 28 · 5:55 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net sales | $4.31B | $2.68B | +61.0% |
| Revenue detail — reported lines | |||
| └─Net sales - products | $3.64B | $2.21B | +64.2% |
| └─Net sales - services | $675.70M | $461.40M | +46.5% |
| └─AMER | $2.99B | $1.71B | +74.5% |
| └─APAC | $779.30M | $519.80M | +49.9% |
| └─EMEA | $544.70M | $443.60M | +22.8% |
| GAAP Basic EPS | $1.99 | $1.04 | +91.3% |
| GAAP Diluted EPS | $1.95 | $1.02 | +91.0% |
| Adjusted Diluted EPS | $2.21 | $1.24 | +78.0% |
| Net income | $764.50M | $398.50M | +91.8% |
Financial Outlook / Guidance
| Metric | Q4 2026 Guidance | FY 2026 Guidance |
|---|---|---|
| Net sales | $4,313M-$4,513M (midpoint $4,413M, +50% YoY) | $14,450M-$14,850M (midpoint $14,650M, +38% YoY) |
| Organic net sales growth | 49%-51% (midpoint 50%) | 37%-39% (midpoint 38%) |
| Adjusted operating profit | $1,118M-$1,158M | $3,475M-$3,555M |
| Adjusted operating margin | 25.3%-26.3% | 23.5%-24.5% |
| Diluted EPS | $2.08 (+82% YoY) | $6.29 (+84% YoY) |
| Adjusted diluted EPS | $2.22-$2.28 (midpoint $2.25, +65% YoY) | $7.10-$7.20 (midpoint $7.15, +70% YoY) |
| Adjusted diluted EPS growth | 63%-67% | 69%-71% |
| Adjusted free cash flow | — | $2,600M-$2,800M |
| Capital expenditures | — | ~4.0% of revenue |
Business Highlights
- ➤Organic orders grew more than 100% year over year.
- ➤Growth was broad-based across the Americas, APAC and EMEA.
- ➤Vertiv is compressing new-product development cycles from years to months.
- ➤The company is industrializing converged infrastructure at scale.
- ➤Vertiv continues to expand capacity and invest in next-generation technology.
- ➤Liquidity reached $6.2B and Vertiv maintained a net cash position.
- ➤Capital expenditures support growth across expanding customer pipelines.
- ➤Vertiv serves customers in more than 130 countries.
- ➤Its portfolio spans power, cooling and IT infrastructure from cloud to network edge.
Management Commentary
Giordano Albertazzi, Chief Executive Officer
“We are in the middle of the largest infrastructure buildout and it's accelerating. The demands on data center infrastructure are evolving faster than ever, and Vertiv's role in that buildout keeps expanding. We're compressing new product development cycles from years to months. We're industrializing converged infrastructure at a scale that didn't exist before and strengthening competencies that are very hard to replicate. We are expanding capacity, improving productivity, and executing with rigor. The infrastructure we deliver performs at the highest levels of reliability. Customers are choosing Vertiv as the partner that can engineer, deliver, scale and service across the entire lifecycle. Our more than 100% organic orders growth year over year and our overall performance are clear testaments to that.”
Dave Cote, Executive Chairman
“The companies that will define the digital age are the ones investing ahead of the curve and delivering for customers, and that is what we are doing. We are in an industry where the more technology changes, the better it is for us. We keep investing, we keep building, and what we have built is designed to scale. I believe there is a long runway ahead and the opportunity only gets bigger from here.”