Loading company
Just reported
Q3 2026 results
From Vertiv's results release of October 28, 2026; its quarterly report has since been filed.
Revenue
Actual
$4.31B
+61% y/y
+32% q/qGuided
$3.75B
midpoint
Above guide+15%EPS, GAAP
Actual
$1.95
+91% y/y
+54% q/qGuided
—
No guide given
Operating income, GAAP
Actual
$983.8M
+90% y/y
+54% q/qGuided
—
No guide given
Company outlook
Q4 2026
- Revenue$4.413B+53% y/y First given
- EPS, adjusted$2.22 – $2.28First given
- EPS$2.08First given
- Operating income, adjusted$1.118B – $1.158BFirst given
Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.
The full earnings report →Keep exploring
The themes Vertiv is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
The theme it is part of
Highest-graded in Electrical Equipment and Parts
Graded A or B and worth $2B or more: A first, then the largest.
BEBloom Energy Corporation$59.7BA
HUBBHubbell Inc.$23.1BA+
NVTnVent Electric plc$18.7BA+
AYIAcuity Inc.$9.8BB+
FPSForgent Power Solutions, Inc.$6.7BB
Grade rose recently in Industrials
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
CSXCSX CorporationOct 21, 2026CAGraded C, now A
UPSUnited Parcel Service, Inc.Oct 27, 2026CBGraded C, now B
CPCanadian Pacific Kansas City Ltd.Oct 29, 2026BAGraded B, now A
URIUnited Rentals, Inc.Oct 21, 2026CAGraded C, now A
WCNWaste Connections, Inc.Oct 22, 2026BAGraded B, now A
How it makes money
- Americas63%
- Asia Pacific22%
- Europe, Middle East and Africa15%
Shares of revenue are estimates for three months ended 2026-06-30, not figures from a filing.
Competes with
- SBGSYSchneider Electric
- ETNEatonA
- Size
- $139.5B
- Margin
- 12.2%
- JCIJohnson Controls InternationalA
- Size
- $87B
- Margin
- 11.7%
- LGRDYLegrand
- Stulz
- Socomec
What it sells6
Backup power and batteries
Uninterruptible power supplies, energy storage systems, and other equipment that helps keep electronics powered when normal power is interrupted.
Power distribution and control equipment
Alternating-current and direct-current power equipment, electrical switchgear, transfer switches, and busbars that direct power through a facility and to its equipment.
Cooling equipment
Air- and liquid-cooling equipment for data centers, including Vertiv Trim Cooler and CoolChip cooling distribution units.
Show 3 more
Racks and modular data-center equipment
Racks that hold computer equipment and integrated or modular systems that combine equipment for installation at a customer site.
Equipment-management software
Software used to monitor and manage information technology equipment.
Installation, maintenance, and spare parts
Services such as equipment installation, testing, preventive maintenance, remote monitoring, engineering support, and replacement parts.
Who buys it6
- Cloud and hyperscale data-center operators, which build large facilities for cloud computing and data processing; examples named in the 10-K include Microsoft, Amazon Web Services, and Google Cloud.
- Colocation data-center operators, which own facilities where other companies install their computer equipment; examples named in the 10-K include Digital Realty and Equinix.
- Neocloud data-center providers, which rent computing capacity designed for artificial intelligence workloads; examples named in the 10-K include CoreWeave and Nebius.
Show 3 more
- Businesses with their own data centers, including large companies in finance, retail, and insurance.
- Wireline, wireless, and broadband communications companies, as well as commercial and industrial customers in areas such as transportation, manufacturing, and oil and gas.
- Customers buy through Vertiv's direct sales staff, independent sales representatives, distributors, channel partners, information technology resellers, and original equipment manufacturers; some projects also involve planning and installation work with Vertiv.
What it stands on, and what could break it
What the business leans on
- 1Demand for Vertiv's equipment and services depends in part on customers building, expanding, or upgrading data centers and communications infrastructure.
- 2Large projects can involve multiple Vertiv facilities and outside suppliers coordinating equipment and delivery schedules; component shortages or shipping constraints can delay production and customer orders.
- 3Vertiv sells through independent sales representatives, distributors, channel partners, resellers, and original equipment manufacturers as well as its own sales staff.
What could go wrong
- 1If customers reduce spending on data centers, communications infrastructure, or technology, demand for Vertiv's products and services could fall.
- 2Large, multi-stage projects can be delayed by complicated coordination among Vertiv facilities, suppliers, and customer sites; orders may also be rescheduled or canceled, and some backlog may not turn into sales.
- 3Shortages or higher costs for components, freight, or other production inputs, including costs affected by tariffs and trade restrictions, can delay delivery or reduce the economics of customer projects.
About Vertiv Holdings Co
Vertiv sells equipment and services used to keep computers and other electronics powered, cooled, and operating. Its customers include data centers, communications networks, and commercial and industrial sites. Its products include uninterruptible power supplies (UPS), battery systems, cooling equipment, electrical distribution equipment, racks, and software for managing information technology equipment; its staff also install and maintain these systems.
- Head office
- Westerville, Ohio, United States
- Founded
- 2016 as Vertiv; its business roots trace to 1946
- Employees
- approximately 34,000 (2025-12-31, high)
- Listed on
- New York Stock Exchange
- Financial year ends
- December 31
Built from Vertiv Holdings Co’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.