From Cooling to Backup Power, Data Center Demand Is Showing Up in Quarterly Results
Key Highlights
- ➤Vertiv (VRT) Q3 sales $4.313B, up 61%; raised 2026 sales guidance $650M
- ➤American Tower (AMT) Data Centers revenue grew 16.3%; raised 2026 property-revenue outlook midpoint $55M
- ➤Johnson Controls (JCI) Q4 orders rose 44% organically; initiated fiscal 2027 organic-sales guidance of 11%-12%
- ➤Generac (GNRC) Amazon agreement covers $2.4B of generator deliveries in 2027-2028
- ➤Generac (GNRC) data-center product backlog reached approximately $4.5B
Expert Statements
Giordano Albertazzi, Chief Executive Officer of Vertiv
“We are in the middle of the largest infrastructure buildout and it's accelerating”
Steve Vondran, Chief Executive Officer of American Tower
“We delivered another solid quarter, supported by consistent leasing demand across our global tower portfolio and continued outperformance from CoreSite. This momentum, combined with disciplined capital allocation, enabled us to raise our full-year outlook for the third time this year”
Joakim Weidemanis, Chief Executive Officer of Johnson Controls
“We finished fiscal 2026 with significant momentum, delivering more than 8% organic revenue growth, double-digit adjusted EPS growth and strong free cash flow conversion”
Aaron Jagdfeld, President and Chief Executive Officer of Generac
“Following the recently announced agreement with Amazon, along with other wins from both new and existing customers, our backlog for products to be sold to the data center market has now grown to approximately $4.5 billion, and we continue to execute on our previously announced capacity expansion plans that will allow us to capture this generational growth opportunity”
From Cooling to Backup Power, Data Center Demand Is Showing Up in Quarterly Results PR Newswire
NEW YORK, Oct. 28, 2026 /PRNewswire/ -- Equity Insider News Commentary - The money going into data centers is showing up in the results of the companies that supply their power, cooling and real estate. Over the past two days, four of those suppliers reported quarterly results that address the data center market directly, and three of them raised or initiated full-year outlooks. The longer-range forecasts point the same way: Precedence Research predicts the global data center market will increase from USD 430.18 billion in 2026 to approximately USD 1,103.70 billion by 2035, expanding at a CAGR of 11.06% from 2026 to 2035. Active Companies from around the markets with current developments this week include: Vertiv Holdings Co (NYSE: VRT), American Tower Corporation (NYSE: AMT), Johnson Controls International plc (NYSE: JCI), Generac Holdings Inc. (NYSE: GNRC).
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