Vertiv a NVIDIA představily model výstavby továren na AI, který má při stejné kapacitě zvýšit kumulovaný výstup tokenů za prvních 12 měsíců až o 30 %. Polar jej nasazuje v první fázi datacentra v Norsku o výkonu 41 MW.
Pre-engineered reference designs enable configuration and validation up to 10x faster, combined with factory-built infrastructure for faster deployment, integrated with Dassault Systèmes' 3DEXPERIENCE agentic platform
, /PRNewswire/ -- At NVIDIA GTC Berlin, Vertiv Holdings Co. (NYSE: VRT) and NVIDIA today introduced an AI factory approach that combines rapid configuration and virtual validation of pre-engineered reference architectures with factory-built deployment. The approach is designed to move AI factories from project kickoff to productive capacity faster and, under defined assumptions, generate up to 30% more cumulative token output within the first 12 months with the same installed capacity1. Polar Data Centers is applying the factory-built deployment approach to the first 41 MW phase of its multiphase AI data center at Herøya, Norway.
For AI factory operators, securing compute is only part of the challenge. Traditional infrastructure development can require power, cooling and facility systems to be engineered and integrated through separate, sequential processes, creating complexity and potential delays. The Vertiv and NVIDIA approach starts instead with pre-engineered AI factory reference architectures that can be rapidly configured to customer and site requirements, virtually validated before deployment, then translated into factory-built infrastructure.
Configure and Validate: Up to 10x Faster with Pre-Engineered Reference Designs2
Teams can start with pre-engineered AI factory reference designs and rapidly configure them for specific compute, power, cooling and facility requirements in a shared virtual environment. The approach combines the NVIDIA Vera Rubin DSX AI Factory reference design and NVIDIA Omniverse DSX Blueprint, with Vertiv SimReady power and cooling assets, integrated with Dassault Systèmes' 3DEXPERIENCE agentic platform.
Rather than developing an integrated infrastructure design from scratch, teams can configure and virtually validate proven reference designs against project requirements, interfaces and constraints. In the modeled scenario, this reduces the time from requirements to a configured and validated AI factory solution from approximately 30 days to three days, a 10x improvement.
Vertiv is also contributing SimReady OpenUSD assets of its power and cooling equipment to SimReady Central Library on Hugging Face. The library helps engineering teams discover and reuse validated equipment assets in AI factory digital twins, reducing asset preparation and helping teams evaluate infrastructure options during design.
Deploy: Up to 50% Faster with Factory-Built Infrastructure3
Once the AI factory configuration is validated, Vertiv prefabricated solutions shift more assembly, integration and testing into the factory before equipment reaches the site. These solutions include Vertiv™ OneCore, a hybrid-built data center solution that integrates critical power, thermal management and supporting infrastructure, and Vertiv™ SmartRun, a prefabricated overhead infrastructure system for high-density power distribution, liquid cooling, networking and containment.
By moving more infrastructure work off-site, teams can reduce field complexity and on-site integration requirements. In the modeled scenario, the factory-built approach reduces the infrastructure deployment period from approximately 90 days to 45 days, a reduction of up to 50%.
Combined with the faster configuration and validation enabled by pre-engineered reference designs, the modeled approach reduces these stages from approximately 120 days to 48 days. That can make productive AI capacity available about 10 weeks sooner, generating up to 30% more cumulative token output within 12 months of project kickoff with the same installed capacity.
Field Deployment: Polar Data Centers at Herøya, Norway
At its Herøya campus in Norway, Polar is using Vertiv's factory-built deployment model for the first 41 MW phase of its multiphase AI data center, scalable to 100 MW. By shifting more infrastructure assembly, integration and testing into the factory before equipment reaches the site, the deployment model is designed to reduce on-site complexity and help make high-density, liquid-cooled capacity available to customers sooner. Vertiv is supplying prefabricated power and thermal modules, Vertiv™ SmartRun overhead infrastructure and Vertiv™ SmartMod, supported by Vertiv™ Unify software.
"An AI factory earns its return in tokens, and every day spent configuring infrastructure or integrating it on site is output that never comes back," said Giordano Albertazzi, CEO of Vertiv. "Success depends on how quickly operators can move from requirements to productive AI capacity. By starting with pre-engineered reference designs that can be rapidly configured and validated, then extending that approach through factory-built deployment, we help customers reduce complexity, deploy infrastructure faster and bring AI capacity online sooner. Polar Data Centers is demonstrating how that approach can be applied at scale in a real-world AI factory deployment."
"AI factories must be designed as one system, and the NVIDIA Vera Rubin DSX AI Factory reference design helps teams align compute, power and cooling requirements from the outset," said Vladimir Troy, Vice President of AI Infrastructure at NVIDIA. "With the NVIDIA Omniverse DSX Blueprint, companies such as Vertiv and Dassault Systèmes can simulate these systems together and carry an integrated design into physical deployment, helping operators resolve conflicts earlier and bring productive AI capacity online sooner."
"With Vertiv and NVIDIA, we're accelerating AI factory design and deployment by engineering the factory as one system – compute, networking, power and cooling co-designed and co-simulated in a virtual twin," said Stéphane Sireau, Vice President, High-Tech Industry, at Dassault Systèmes. "Integration issues get resolved before construction, not on site, helping bring token-producing capacity online sooner."
"Our customers measure us on how quickly capacity is ready for them," said Andy Hayes, CEO of Polar Data Centers. "At Herøya, Vertiv's factory-built infrastructure helps us manage the complexity of deploying power, cooling and white-space systems for high-density computing. It gives us a more disciplined, repeatable deployment model while preserving the flexibility to meet the requirements of our customers."
Vertiv and NVIDIA plan to demonstrate elements of the approach at NVIDIA GTC Berlin, including how facility requirements inform infrastructure configuration, how teams can virtually validate power and cooling requirements, and how Vertiv applies factory-built infrastructure to accelerate physical deployment. The demonstration will feature technology from Dassault Systèmes, and Polar Data Centers will show how the deployment approach is being applied in a real-world AI factory.
Visitors can learn more at the Vertiv booth (#3055), and Scott Armul, Chief Product and Technology Officer at Vertiv, will present Building the AI Factory: Converting Megawatts into Intelligence during a sponsored expo-theater session on Oct. 22, 2026, from 4:00 to 4:15 p.m. CEST.
For more information about Vertiv's portfolio of power and thermal management products, infrastructure solutions, IT systems and services for critical digital applications, visit www.Vertiv.com.
1:
Modeled. First 12 months measured from design kickoff: 317 vs. 245 productive days at equal installed capacity (3 + 45 vs. 30 + 90 days). Actual results will vary.
2:
Modeled. Time to an initial integrated design, configured and validated in the digital twin: 3 days vs. a 30-day conventional design process. Results vary by project.
3:
Modeled. On-site power and cooling deployment with Vertiv factory-built infrastructure: 45 days vs. a 90-day conventional on-site baseline. Results vary by project.
About Vertiv Holdings Co.
Vertiv Holdings Co. (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.
About Polar Data Centers
Polar develops and operates high-performance data centers optimised for AI and high-density computing workloads. The company is building a growing European platform of AI-ready infrastructure, combining renewable power, resilient design, high-density cooling capability, and a customer-led approach to development and operations.
About Dassault Systèmes
Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. Through the 3DEXPERIENCE platform, AI-powered, science-based virtual twins help 390,000 customers of all sizes, in all industries, collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit: www.3ds.com
Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
For media inquiries, please contact:
Ruder Finn for Vertiv
E [email protected]
Vertiv (VRT -0.30%), a provider of thermal management, liquid cooling, and uninterruptible power supply (UPS) systems for data centers, attracted a stampede of bulls in the first half of 2026 as the AI market's growth boosted its sales and margins. Its stock closed at a record high of $376.06 per share on May 14, marking a 2,390% gain over its previous three years.
But today, Vertiv's stock trades at about $211. Let's see why it pulled back, and whether it will recover and set fresh highs over the next 12 months.
Image source: Getty Images.
How fast is Vertiv growing? The AI market's rapid expansion is driving more data centers to upgrade their servers with Nvidia's (NVDA +1.54%) latest GPUs and other AI chips. However, those new chips consume so much power and generate so much heat that data centers must upgrade their infrastructure with Vertiv's cooling products and UPS systems to operate safely and efficiently.
From 2021 to 2025, Vertiv's revenue more than doubled from $5.0 billion to $10.2 billion, while its adjusted EPS rose more than fivefold from $0.76 to $4.20. Its backlog reached $15 billion at the end of the second quarter of 2026.
For 2026, Vertiv expects its revenue to rise 37% (31% organically) to $14 billion, and for its adjusted EPS to grow 60%. It trades at 31 times that earnings estimate.
VRT Vertiv$205.81-$0.61 (-0.30%)
NYSE · As of 2:36 PM ET 10/19/26
Why did Vertiv's stock pull back? Three challenges weighed down Vertiv's stock over the past five months. First, it slightly missed Wall Street's aggressive top-line estimates for the second quarter, due to the lumpy timing of its larger contracts and supply chain constraints.
Second, Vertiv agreed to acquire UtilityInnovation Group -- a developer of microgrid solutions, advanced power controls, and behind-the-meter power architecture designs for data centers -- for $1.45 billion in cash in February. The integration of that deal, expected to close in the fourth quarter, could affect its near-term margins. Lastly, rising interest rates broadly compressed the valuations of higher-growth AI stocks.
Analysts expect Vertiv's adjusted EPS to grow 60% in 2026 and 36% in 2027. If it matches those expectations and still trades at 30 times its current year's earnings by next October, its stock could rally about 30% to $276 per share over the next 12 months.
That would fall short of its all-time high, but it could still head much higher over the next few years as the data center market expands. Therefore, its recent pullback could be a great buying opportunity for investors seeking exposure to the AI infrastructure market.
Společnost Vertiv představila průvodce nasazením podnikové AI, který vytvořila se společností STL Partners a který propojuje typy úloh se čtyřmi modely infrastruktury z hlediska napájení, chlazení a konektivity.
New deployment guide, informed by Vertiv and STL Partners research, helps organizations determine their AI archetypes and where the supporting infrastructure should be located
Workload-based approach connects business requirements to right-sized infrastructure models and reference designs to reduce deployment risks
, /PRNewswire/ -- Vertiv Holdings Co. (NYSE: VRT), a global leader in critical digital infrastructure, and Deloitte Center for Integrated Research today introduced a collaboration to help enterprises address a critical challenge in moving artificial intelligence from experimentation to production: determining where AI workloads should run and whether the available physical infrastructure can support them.
The new Vertiv Designing Infrastructure for Enterprise AI Guide, developed by Vertiv and STL Partners, a digital infrastructure research firm, provides business, IT and facilities leaders with a workload-based framework for making those decisions before committing to an infrastructure plan. Starting with the intended business outcome and AI workload, organizations can evaluate deployment location, infrastructure requirements and facility readiness, then align each workload with an appropriate physical infrastructure model and reference design for further planning and technical validation.
The underlying research highlights a critical consideration as enterprises move AI workloads into sustained production: infrastructure readiness can determine where workloads can be deployed and how quickly they can move into production. Available power, cooling, connectivity and operational capacity can determine whether a workload can be supported in an existing facility or requires a different deployment model.
The guide translates these considerations into a four-step process: (1) define the intended business outcome and AI workload, (2) evaluate the workload's scale, performance and operating requirements, (3) determine the most appropriate deployment location and (4) match the workload and location to a physical infrastructure model and reference design.
"The next phase of enterprise AI will be shaped not only by models and computing, but also by whether organizations can provide the power, cooling, connectivity and operating environment each workload requires," said Giordano Albertazzi, CEO of Vertiv. "By starting with the workload, enterprises can make infrastructure decisions earlier, identify constraints sooner and build a more credible path from AI ambition to production."
"The economics and operating requirements of AI change as workloads move into production," said Nicholas Merizzi, principal, Silicon2Service U.S. Lead, Deloitte Consulting LLP. "Organizations need to consider business value, governance, operating ownership and infrastructure together. Bringing those questions into the planning process earlier gives leaders a stronger basis for deciding where AI workloads should run and how they should be supported over time."
The process recognizes that enterprise AI is a portfolio of workloads rather than a single infrastructure decision. Exploratory workloads may remain in the cloud, while sustained or business-critical workloads may favor hybrid infrastructure or capacity managed by the enterprise. Workloads requiring faster response times, greater control, data proximity or specific model performance may need to run at the edge or in another controlled environment.
The workload-specific approach allows public cloud, colocation, enterprise-owned capacity, hybrid environments and edge infrastructure to each play a role. Rather than advocating broadly for or against the cloud, the guide provides a consistent method for determining the appropriate operating environment for each AI workload.
The research categorizes enterprise AI workloads into six archetypes covering model development, retraining and four categories of production use. These archetypes help organizations identify workloads with similar performance, operating and infrastructure requirements, creating a more consistent basis for planning. Each workload can then be aligned with one of four physical infrastructure models: Edge AI Cluster, Small AI Cluster, Large AI Cluster and High-Density AI Cluster.
The four models provide a starting point for decisions involving power, cooling, controls, connectivity, resilience, operational support and future growth. Corresponding reference designs can then be adapted based on site assessment, workload requirements and detailed engineering.
Facility readiness is critical across all four models. The guide helps enterprises evaluate whether a proposed location has sufficient power, cooling, connectivity, operational capacity and room for growth. Conducting this assessment early can help identify infrastructure constraints before they become barriers to deployment.
The full guide, Designing Infrastructure for Enterprise AI, details the six workload archetypes, four physical infrastructure models and a four-phase roadmap for planning, deploying and evolving enterprise AI infrastructure. It is available at https://www.vertiv.com/en-us/insights/industry/designing-infrastructure-for-enterprise-ai/.
About Vertiv Holdings Co.
Vertiv Holdings Co. (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.
Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
For media inquiries, please contact:
Ruder Finn for Vertiv
E: [email protected]
Vertiv těží z rostoucí poptávky po kapalinovém chlazení pro datová centra s AI: tržby ve 2. čtvrtletí vzrostly oproti stejnému období loni o 24 % a provozní zisk o 44 % na 638 milionů USD.
Nvidia's (NVDA +2.12%) graphics processing units (GPUs) have become the foundational AI hardware for data centers, while Palantir has been one of the strongest purveyors of artificial intelligence software as a service. However, as investments with potential to grow from here, both companies may pale in comparison to liquid cooling specialist Vertiv (VRT +0.57%).
Image source: Getty Images.
Liquid cooling has become a requirement for AI infrastructure Liquid cooling has become essential to AI data centers.
Cutting-edge AI chips and infrastructure generate enormous amounts of heat when they operate, and fans and air conditioners can't cool them quickly enough. Without liquid cooling systems of the type that Vertiv provides, the chips can reach temperatures that slow their processing significantly, reduce their lifespans, or even render them unusable.
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Because of this, the technology that Vertiv sells has become just as important for the AI build-out as the processors it protects. This positioning translated into 24% year-over-year revenue growth in the second quarter, and management's full-year guidance is for 31% revenue growth, implying that growth will accelerate.
Vertiv's operating profits jumped 44% year over year to $638 million in Q2, indicating a sustainable business model. CEO Giordano Albertazzi expressed confidence that the company could maintain its strong performances in 2026 and beyond as AI demand heats up.
A leading competitive positioning comes with a reasonable price tag Vertiv has established itself as the clear leader in liquid cooling for AI data centers. While other companies also offer this service, Vertiv has gone all-in with this technology, and it has inked a partnership with Nvidia. Vertiv's 800 VDC power portfolio, specifically designed to support the Rubin Ultra platform that Nvidia will roll out in 2027, is expected to come out by the end of the year. Companies looking to use the latest Nvidia technology will need to upgrade their Vertiv infrastructure components.
Management mentioned in Vertiv's Q2 presentation that the company has a strong backlog for the second half, and pipeline momentum points to another strong year overall. While the North American region is still hot, Vertiv is also expanding across the Asia Pacific region to pursue additional growth opportunities.
This investment thesis comes with an attractive valuation for patient shareholders. Vertiv trades at a 1-year forward P/E ratio of 28, down from a peak of 41 this summer after a prolonged correction. The stock also trades at a five-year PEG ratio of 0.84; a positive PEG ratio below 1 is typically viewed as indicating that a stock is undervalued.
Vertiv's growth engine doesn't appear likely to slow down anytime soon. With long-term catalysts for the liquid cooling market, its valuation should improve over time.
Marc Guberti has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia, Palantir Technologies, and Vertiv. The Motley Fool has a disclosure policy.
Vertiv v 2. čtvrtletí zvýšil tržby o 24 % díky silné poptávce po AI datových centrech; v Americe i APAC rostly o 29 %. Na 3. čtvrtletí čeká tržby 3,65–3,85 mld. USD.
Key Takeaways Vertiv shares are up 48.9% YTD, helped by AI data center demand and a broad power and cooling portfolio. Q2 sales rose 24% as Americas and APAC each grew 29%, while acquisitions contributed 5% to revenues. Vertiv expects Q3 sales of $3.65B-$3.85B and a 24%-25% adjusted operating margin. Vertiv (VRT - Free Report) shares have gained 48.9% in the year-to-date period, outperforming the broader Zacks Computer and Technology sector’s increase of 22.4%. The Zacks Computers - IT Services industry declined 18.8% in the same time frame.
The company’s shares have also outperformed its peers, which include Super Micro Computer (SMCI - Free Report) , Broadcom (AVGO - Free Report) and Amphenol (APH - Free Report) . All three companies are expanding their capabilities in the AI and data center infrastructure markets. Shares of Super Micro Computer, Broadcom, and Amphenol have gained 40.3%, 1.4%, and 24.7%, respectively.
The outperformance of VRT stock can be attributed to its rich partner base and extensive product portfolio spanning thermal systems, liquid cooling, UPS, switchgear, busbars, and modular solutions. Vertiv remains leveraged to rising data center power and thermal needs as AI deployments drive higher infrastructure density and faster build cycles. These factors are helping VRT to fend off its competitors like Super Micro Computer, Broadcom, and Amphenol.
VRT Stock Performance
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Vertiv Capitalizes on Strong AI Data Center GrowthVertiv is benefiting from strong demand for AI infrastructure as hyperscalers, colocation providers, neocloud operators and enterprises continue to expand data-center capacity. The company’s global pipeline remains robust across its core markets, particularly in the Americas and APAC regions. In the second quarter of 2026, net sales increased 24% year over year, with the Americas and APAC both growing 29%. EMEA also returned to positive net sales growth.
Acquisitions have further strengthened Vertiv’s data center portfolio. The recent acquisitions of ThermoKey and Strategic Thermal Labs have expanded Vertiv’s capabilities in heat rejection and high-density thermal management, respectively. These moves enhance Vertiv’s ability to offer comprehensive solutions across the thermal spectrum from heat rejection to direct-to-chip cooling. In the second quarter of 2026, acquisitions contributed 5% to revenues.
Further expanding its portfolio, Vertiv recently agreed to acquire King Environmental Services (“KES”), a Europe-based provider of fluid management, commissioning and load-testing services for high-density, liquid-cooled data centers. The acquisition is expected to expand Vertiv’s thermal management services across Europe, the Middle East and Africa and strengthen support for AI and high-density infrastructure.
KES brings specialized capabilities in system preparation, performance validation, monitoring, maintenance and lifecycle optimization. The transaction, expected to close in the fourth quarter of 2026, builds on Vertiv’s North American fluid-management presence established through its PurgeRite acquisition.
VRT Benefits From Margin GainsVertiv is benefiting from significant margin gains. In the second quarter of 2026, the company reported an adjusted operating margin of 22.6%, a substantial increase of 410 basis points year over year and well above its previous guidance. This margin expansion was driven by disciplined operational execution, productivity improvements and favorable price-cost dynamics, partially offset by tariff impacts.
Margin improvement was broad-based across Vertiv’s geographic segments. In the Americas, strong commercial execution and operational performance drove adjusted operating margin expansion of 360 basis points year over year. APAC margins improved 270 basis points as strong revenue growth generated operating leverage, while EMEA recorded a 380-basis-point improvement, aided by better operational execution. The broad-based gains indicate that Vertiv’s profitability improvement extends beyond any single region.
Vertiv expects margin momentum to continue in the second half of 2026. For the third quarter of 2026, adjusted operating profit is projected to be between $898 million and $938 million, with an adjusted operating margin of 24% to 25%, supported by organic growth, operating leverage and productivity. Regional manufacturing, supply chain actions and disciplined capacity investment remain key to sustaining the margin trajectory as projects scale. Management raised 2026 adjusted operating margin guidance to 23.3%-24.3% and expects pricing to exceed inflation, including current tariffs and countermeasures.
VRT Initiates Positive Q3 2026 GuidanceVertiv’s expanding AI data center footprint and strategic acquisitions signal further upside potential. For the third quarter of 2026, Vertiv expects net sales of $3.65 billion to $3.85 billion and adjusted earnings of $1.77 to $1.83 per share.
The Zacks Consensus Estimate for Vertiv’s third-quarter 2026 revenues is pegged at $3.77 billion, suggesting growth of 40.79% year over year.
The Zacks Consensus Estimate for third-quarter 2026 earnings is currently pegged at $1.83 per share, up by 0.75% over the past 30 days. The figure indicates a year-over-year increase of 47.58%.
Vertiv Stock Is Trading at a PremiumVertiv is currently overvalued, as suggested by a Value Score of D.
In terms of the trailing 12-month Price/Book, Vertiv is currently trading at 19.53X compared with the broader Computer and Technology sector’s 9.21X.
VRT Valuation
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ConclusionVertiv is benefiting from its strong portfolio and rich partner base, which are driving order growth. These factors justify the company’s premium valuation.
Vertiv stock currently carries a Zacks Rank #2 (Buy) and has a Growth Score of A, a favorable combination that offers a strong investment opportunity, per the Zacks proprietary methodology. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Vertiv letos posílil o 55 % díky silné poptávce po chlazení datacenter pro AI. Firma zároveň oznámila dvě akvizice a ve 2. čtvrtletí zvýšila tržby o 24 % na 3,3 miliardy USD.
Artificial intelligence (AI) has been the single biggest driver of this nearly four-year bull market, and as its use expands, more investment opportunities emerge.
The impact is multitiered -- from the chips that process AI tasks to the data centers that house clusters of them and meet the demand for AI computing power; from the infrastructure and networks needed to power data centers and move the information from machine to machine, to the memory hardware that keeps all the data accessible to the servers that require it.
One critical group of companies within the AI universe are the specialists that manufacture and service the equipment that routes the massive electrical supplies required by AI data centers and provides the liquid cooling systems that dissipate the intense heat those powerful processors generate.
The leader in this area is Vertiv Holdings (VRT +1.72%). Vertiv addresses a major potential problem for all data centers and networks that compute AI data. Because so much electricity is required to run high-end data systems, the GPUs and CPUs generate large amounts of heat, as does the supporting power equipment. That heat can slow their processing speeds and shorten the chips' useful lives, if it's not removed efficiently.
For that reason, Vertiv's cooling systems have been in high demand, and its stock price is soaring, up 55% year to date. With that impressive performance behind it, is it still a buy?
Image source: Getty Images.
Two new acquisitions Vertiv signed deals for two major acquisitions this month. It agreed to buy UtilityInnovation Group, which makes microgrids that help data centers get more of the power they need. Those microgrids also benefit utilities by taking some of the strain off of regional power grids. The acquisition is expected to be accretive to Vertiv's adjusted earnings in the first quarter after closing.
Last week, Vertiv announced it was acquiring Ireland-based King Environmental, which provides liquid-cooling services and testing for data centers across Europe, the Middle East, and Africa. This will help Vertiv expand its global presence and leadership in the industry.
These expansion moves come after a strong second quarter for Vertiv. In the period, it increased net sales by 24% year over year to $3.3 billion, grew earnings by 53% to $1.27, and increased adjusted EPS by 60% to $1.51. It also boosted its operating cash flow by 241% to $1.1 billion and its free cash flow by 234% to $925 million. The company is making the $1.45 billion UtilityInnovation acquisition with cash, and it had $5.6 billion in liquidity at the end of Q2, so it will remain in a strong cash position after that deal closes.
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A strong buy Vertiv also projects free cash flow in the range of $2.4 billion to $2.6 billion for 2026, up 32% at the midpoint. When it delivered its Q2 numbers, it also raised its guidance for net sales and earnings for the year. In now expects 37% revenue growth and 60% adjusted earnings growth, driven by a strong project backlog.
It's also worth noting that at Vertiv's investor day in May, management targeted 20% to 22% compound annual revenue growth through 2030.
While there has been meaningful public pushback against data center development across the country, demand for them remains high and the funding continues to materialize, which puts Vertiv in a great spot.
Its shares have dropped in recent months, but now the stock is reasonably valued, with a forward P/E ratio of 27 and a five-year PEG below 1, suggesting that it's a long-term value. As such, Vertiv looks like a strong buy right now.
Vertiv se dohodl na koupi společnosti King Environmental Services, aby rozšířil své služby správy kapalin pro datová centra do regionu EMEA. Transakce má být uzavřena ve 4. čtvrtletí 2026.
Planned acquisition expected to expand Vertiv's leadership in next-generation thermal services for high-density and AI-driven environments into Europe, Middle East and Africa
Builds on Vertiv's North American fluid management capabilities with European execution capacity and specialized load testing expertise
, /PRNewswire/ -- Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, today announced that it has entered into an agreement to acquire King Environmental Services Ltd. (KES), a Europe-based provider of fluid management, commissioning and load-testing services for high-density, liquid-cooled data centers and other applications.
Vertiv announced an agreement to acquire King Environmental Services Ltd., expanding its global fluid management services into EMEA. The acquisition is expected to expand Vertiv's global thermal management services capabilities into Europe, Middle East and Africa (EMEA) and advance its strategy to support customers across the thermal chain. KES adds specialized fluid management, commissioning and load-testing capabilities spanning system preparation, performance validation, monitoring, maintenance and lifecycle optimization.
The transaction builds on Vertiv's established North American fluid management presence, including its 2025 acquisition of PurgeRite, and represents the next step in expanding its global thermal and fluid management services platform. By combining KES's regional field expertise and load-testing capabilities with Vertiv's broader services portfolio, the company expects to provide more comprehensive support as customers deploy and operate complex AI and high-density infrastructure with greater reliability, efficiency and accountability.
"As computing density increases, the performance of cooling and power infrastructure will depend as much on execution in the field as on engineering and system design," said Gio Albertazzi, CEO of Vertiv. "Our acquisition of PurgeRite, in December of 2025, established an important fluid management foundation in North America, and KES is expected to build on that foundation in EMEA. Together, these acquisitions advance our strategy to provide the specialized expertise and disciplined execution customers need as they deploy increasingly complex infrastructure at scale."
That need for disciplined execution is particularly important as high-performance computing and AI workloads increase heat densities and accelerate the adoption of liquid cooling. In these systems, fluid quality is critical to uptime, thermal performance and equipment life. Contamination, trapped air, corrosion, improper chemistry and flow imbalances can reduce heat-transfer efficiency, contribute to equipment degradation and create commissioning and operational risks. Beyond initial commissioning, customers need lifecycle fluid management services to support system availability, thermal performance, equipment longevity and operational economics.
KES has built a strong reputation in Europe based on its technical specialization, experienced field teams, established operating infrastructure and safety culture. Its capabilities include fluid-system preparation, flushing, filtration, water treatment, commissioning and performance validation. KES also provides thermal load testing for liquid cooling infrastructure and electrical load testing for critical power systems.
Together, Vertiv and KES are expected to deliver significant customer benefits from an expanded set of capabilities designed to:
Reduce operational complexity through a single accountable partner for commissioning, testing, fluid management and ongoing operations; Improve cooling system performance with clean, balanced and validated fluid systems that support optimal heat transfer and equipment efficiency; Maintain compliance with regional fluid handling, treatment and disposal requirements; and Increase confidence in infrastructure readiness through thermal load testing before facilities enter operation. KES is headquartered near Dublin, Ireland, and serves customers across the EMEA region.
The transaction is expected to close in the fourth quarter of 2026. The financial terms were not disclosed and are not expected to be material to Vertiv's financial results.
For more information about Vertiv's portfolio of power and thermal management products, infrastructure solutions, IT systems and services for critical digital applications, visit Vertiv.com.
About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.
About King Environmental Services (KES)
King Environmental Services Ltd. (KES) is a Europe-based specialist in fluid management, flushing, commissioning and operational validation for high-density, liquid-cooled data centers and other mission-critical facilities. Founded in 2002 and headquartered near Dublin, Ireland, KES serves customers across EMEA from key hubs in North Dublin and Frankfurt.
KES provides an integrated service covering design review and feasibility studies, pipework flushing, filtration and water treatment, testing, adjusting and balancing (TAB), data logging and thermography, and large-scale thermal and electrical load testing. The company bridges construction and live operation, validating that cooling systems are clean, balanced, efficient, design-compliant and ready for high-density and AI workloads.
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Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Those risk factors and risks related to the transaction, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: the timing and consummation of the proposed transaction; the risk that the closing does not occur; expected expenses related to the transaction; the possible diversion of management time on issues related to the transaction; the ability of Vertiv to maintain relationships with customers and suppliers of KES; the ability of Vertiv to retain management and key employees of KES; and whether Vertiv would realize anticipated synergies and accretion contemplated by the acquisition. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E: [email protected]
For media inquiries, please contact:
Ruder Finn for Vertiv
E: [email protected]
Akcie Vertiv v pátek vzrostly o 3 % poté, co společnost oznámila upravený zisk 1,52 USD na akcii, nad odhadem 1,43 USD. Tržby činily 3,27 miliardy USD a meziročně vzrostly o 24,1 %.
Vertiv Holdings Co. (NYSE:VRT – Get Free Report) shares rose 3% on Friday . The company traded as high as $250.15 and last traded at $248.8090. 7,814,349 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 6,545,242 shares. The stock had previously closed at $241.49.
Analyst Ratings Changes A number of research analysts have commented on VRT shares. Citigroup decreased their price objective on Vertiv from $414.00 to $358.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $368.00 target price on shares of Vertiv in a report on Friday, July 31st. Weiss Ratings lowered Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. Glj Research raised shares of Vertiv from a “hold” rating to a “buy” rating and set a $381.00 price objective for the company in a research note on Friday, August 7th. Finally, Wall Street Zen raised Vertiv from a “hold” rating to a “buy” rating in a research note on Saturday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vertiv has an average rating of “Moderate Buy” and an average target price of $357.83.
View Our Latest Analysis on Vertiv
The firm has a 50 day moving average of $270.75 and a 200 day moving average of $291.22. The firm has a market cap of $95.79 billion, a price-to-earnings ratio of 56.29, a PEG ratio of 1.02 and a beta of 2.07. The company has a quick ratio of 1.03, a current ratio of 1.38 and a debt-to-equity ratio of 0.62. Vertiv (NYSE:VRT – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.09. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The business’s revenue was up 24.1% compared to the same quarter last year. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. As a group, sell-side analysts predict that Vertiv Holdings Co. will post 6.72 earnings per share for the current year.
Vertiv Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Monday, September 14th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, September 14th. Vertiv’s dividend payout ratio (DPR) is 5.66%.
Insider Transactions at Vertiv In other Vertiv news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the completion of the transaction, the director owned 16,500 shares in the company, valued at approximately $4,188,030. The trade was a 48.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.
Institutional Trading of Vertiv Institutional investors and hedge funds have recently made changes to their positions in the company. Sachetta LLC increased its stake in Vertiv by 41.4% in the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock valued at $31,000 after buying an additional 36 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Vertiv by 60.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock valued at $33,000 after buying an additional 49 shares during the last quarter. GoalVest Advisory LLC boosted its position in Vertiv by 87.3% during the second quarter. GoalVest Advisory LLC now owns 148 shares of the company’s stock worth $50,000 after purchasing an additional 69 shares during the period. Center for Financial Planning Inc. grew its stake in Vertiv by 554.2% in the 1st quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock valued at $39,000 after buying an additional 133 shares in the last quarter. Finally, Ravenstone Capital Management Inc. purchased a new position in shares of Vertiv in the first quarter valued at $40,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.
About Vertiv (Get Free Report)
Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure that helps data centers, communications networks and other facilities operate reliably and efficiently. Its solutions support the availability, performance and growth of information technology systems.
The company’s products and services include power management and distribution equipment, uninterruptible power supplies, thermal management and cooling systems, racks and integrated infrastructure, monitoring and management software, and lifecycle services.
See Also Five stocks we like better than Vertiv Lennar’s Earnings Miss May Be Sending a Bigger Warning About U.S. Housing Priced for a Pullback or More Gains? These 3 Stocks Are Testing the Limits These 3 Agentic AI Stocks Have More Than Hype Behind Their Growth Stories Not Just Banks: 3 Trading Stocks to Watch After the Fed Rate Hike Receive News & Ratings for Vertiv Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vertiv and related companies with MarketBeat.com's FREE daily email newsletter.
Oracle (ORCL -1.98%) is going all-in on artificial intelligence (AI), investing billions in data centers to expand its Oracle Cloud Infrastructure business and provide the computing power needed to train and run AI models.
That is great news for Vertiv Holdings (VRT +3.27%) and Caterpillar (CAT +1.30%), two industrial stocks that could help power this huge building boom.
Image source: Getty Images.
Vertiv powers and cools the AI data center boom AI makes data centers much more power-hungry and harder to cool, and Vertiv sells the infrastructure needed to solve both problems. Demand is already fueling a major order cycle for the company.
In the second quarter, it reported net sales of around $3.27 billion, up 24% year over year. To meet growing demand from data centers, Vertiv announced four new or expanding factories to increase capacity for power management and infrastructure products. The company said the investments will support the continued expansion of AI factories.
Also, as AI chips become more powerful, cooling is becoming one of the biggest physical challenges. To address it, Vertiv announced a $50 million investment in Ohio to expand production of liquid-cooling and chilled-water systems. These are designed for high-density computing, and the Ironton factory expansion in particular is expected to be operational in the second quarter of 2027.
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Management has also acquired companies like PurgeRite to further strengthen its fluid management services.
So, while Oracle supplies the cloud capacity, Vertiv provides much of the infrastructure that gets electricity to the AI chips and removes the heat they generate. And another player is helping hyperscalers like Oracle secure huge amounts of power.
Caterpillar powers data centers when the grid falls short Grid connections can take years to complete, but hyperscalers want new computing capacity as soon as possible. To address this problem, Caterpillar supplies natural gas generators, gas turbines, and other power equipment that can provide electricity directly to data centers.
Management says that data center demand is a key driver for its power generation business, with the company expecting continued strength as demand grows. Building new grid connections can take too long, so off-grid solutions are a faster way to power data centers.
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Caterpillar is already putting more capacity behind this. For example, it announced a $725 million expansion of its large-engine manufacturing footprint, citing rising energy demand and the growing opportunity around AI and data centers.
It is also moving beyond backup generators toward providing on-site power for data centers. Caterpillar entered into an agreement with Joule Capital Partners to power a high-performance computing campus in Utah, with 4 gigawatts of total energy supported by a fleet of Caterpillar natural gas generators.
And Caterpillar and Vertiv announced a collaboration combining the former's power generation equipment with the latter's power distribution and cooling systems. The goal is to create integrated solutions that help data centers be deployed faster and be powered up sooner. So, as Oracle builds out its data centers, Caterpillar can help provide the on-site power to get them up and running before grid connections are available.
With many investors still focused on chips and memory, it's easy to overlook other opportunities such as these two that could offer greater upside.
Why AI requires more than just chips The data center boom creates opportunities beyond chipmakers, with insatiable demand for power, cooling, and other infrastructure, and Vertiv and Caterpillar are stepping up to meet it. As hyperscalers build more data centers, Vertiv provides the power management and cooling systems, while Caterpillar delivers on-site power generation for applications where the grid can't keep up.
With both companies supporting this expansion, these two stocks could be some of the best ways for investors to bet on Oracle's hundreds of billions in data center commitments.
Vertiv ve 2. čtvrtletí zvýšil výnosy z produktů o 22 % na 2,65 miliardy USD, což tvořilo asi 81 % celkových výnosů. Na 3. čtvrtletí očekává výnosy 3,65–3,85 miliardy USD.
Key Takeaways Vertiv's Q2 2026 product revenue rose 22% to $2.65B, accounting for about 81% of total sales. Americas and APAC sales each rose 29%, while Vertiv expands capacity and advanced thermal systems. Vertiv guides Q3 2026 sales to $3.65-$3.85B, with 34%-36% organic growth expected. Vertiv (VRT - Free Report) is benefiting from surging demand for power, thermal and integrated infrastructure solutions as hyperscalers and data-center operators expand AI capacity. In the second quarter of 2026, product revenues rose 22% year over year to $2.65 billion, accounting for about 81% of total sales, while total revenues rose 24% to $3.27 billion, underscoring the scale of Vertiv’s product portfolio. This momentum strengthens Vertiv’s position against Amphenol (APH - Free Report) and Super Micro Computer (SMCI - Free Report) as AI infrastructure spending expands across hyperscalers, colocation providers and enterprises.
Strong demand across regions has been a key catalyst. Americas sales increased 29% to $2.07 billion, while APAC rose 29% to $720 million and EMEA returned to 2% reported growth. OneCore and SmartRun address larger, more coordinated deployments that can shorten construction timelines and reduce on-site complexity.
Vertiv’s growth prospects are supported by capacity expansion and a broadening product portfolio. The company is adding capacity across the Americas, Malaysia, and EMEA while investing in advanced thermal systems, next-generation power architectures and converged infrastructure. Its 800-volt DC roadmap, liquid-cooling products and end-to-end powertrain offerings should expand Vertiv’s content opportunity per megawatt as AI computing density rises. Management noted that pipelines are expanding across regions and customer categories.
With its broad product portfolio, expanding global footprint and deep customer relationships, Vertiv is well-positioned to maintain its growth trajectory and potentially strengthen its competitive position against Amphenol and Super Micro Computer as AI data-center spending expands. For the third quarter of 2026, management expects $3.65-$3.85 billion in sales and 34%-36% organic growth, including high-30s organic growth in the Americas and APAC and mid-teens growth in EMEA.
VRT Suffers From Stiff CompetitionVertiv’s AI infrastructure solutions are facing increasing competition from Super Micro Computer and Amphenol. Both companies are expanding their offerings to support high-density, AI-driven data center deployments.
Super Micro Computer’s expanding portfolio has been noteworthy. In July 2026, SuperMicro Computer expanded the DCBBS liquid-cooling portfolio with 10 rear-door heat exchangers that support high-density AI and HPC systems and offer flexible cooling capacities for new and legacy data centers.
Amphenol is benefiting from the surge in demand for AI infrastructure, which has become a transformative force for the company’s growth and market positioning. In the second quarter of 2026, IT datacom represented about 43% of sales and grew 63% organically year over year. This robust performance was driven by accelerating investments in AI data centers and Amphenol’s ability to capture a significant share of this unique interconnect opportunity.
Vertiv’s Share Price Performance, Valuation, and EstimatesVRT’s shares have surged 47.8% year to date compared with the broader Zacks Computer & Technology sector’s 16.7% rise. The Zacks Computers - IT Services industry declined 13.6% over the same period.
VRT Stock Performance
Image Source: Zacks Investment Research
Vertiv stock is trading at a premium, with a trailing 12-month Price/Book of 19.37X compared with the Computer and Technology sector’s 8.77X. VRT has a Value Score of D.
VRT Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $6.69 per share, which has increased by a couple of pennies over the past 30 days. This indicates a 59.29% increase from the year-ago quarter.
Vertiv currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Vertiv uvedl, že poptávka po datových centrech dál sílí a pipeline zákazníků roste, zejména díky AI výpočetní kapacitě. Firma zároveň zvýšila cíl organického růstu tržeb na 20 % až 22 % pro roky 2025 až 2030.
Vertiv’s UIG Deal Targets the Next Big Constraint in AI Data CentersVertiv NYSE: VRT executives said demand for data center infrastructure remains strong and is showing signs of further strengthening, citing expanding customer pipelines, broader global activity and accelerating sales cycles.
Speaking at a Goldman Sachs event, Chief Executive Officer Gio Albertazzi said the company’s increased organic revenue compound annual growth target of 20% to 22% for 2025 through 2030 reflects a combination of market growth, Vertiv’s strengthening competitive position and an expanding portfolio of power, cooling and services offerings.
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3 AI Infrastructure Stocks to Watch Beyond NVIDIA“The market, it continues to be strong,” Albertazzi said. “If anything, it has been strengthening.” He pointed to public investment plans from hyperscalers and other computing-focused companies, as well as a shift from what had been a predominantly U.S.-driven market acceleration to more widespread global demand.
Pipeline Growth and Data Center Demand Albertazzi said Vertiv’s pipeline has continued to grow despite industry discussion around potential data center construction constraints, financing needs and policy restrictions. He said the company sees no signs of weakening in customer plans and believes demand for compute capacity, particularly AI computing capacity, will continue to expand.
Beyond the Foundry: 5 Infrastructure Stocks Tackling the AI BottlenecksThe CEO also said the industry has historically addressed constraints through technology and operational solutions. Vertiv’s offerings include closed-loop cooling systems, powertrain efficiency technologies and fluid-management products intended to reduce water use. Albertazzi highlighted PurgeRite and NearZero, saying NearZero is designed to enable recirculation of water during data center operation while minimizing water consumption during commissioning.
Vertiv has been broadening its portfolio from individual components, such as uninterruptible power systems, chillers, coolant distribution units and switchgear, to system-level offerings including Vertiv OneCore and Vertiv SmartRun. The company also continues to expand its services business.
Utility Innovation Group Acquisition and Portfolio Strategy Chief Financial Officer Craig Chamberlin said Vertiv’s proposed acquisition of Utility Innovation Group, or UIG, is intended to expand its ability to influence how data center power infrastructure is designed, including behind-the-meter power architecture.
Chamberlin described UIG as an asset that could help Vertiv capture additional growth and participate earlier in the data center design process. He said the company structured the transaction with an earn-out and would view achievement of that earn-out as a positive outcome for the acquisition.
Vertiv does not separately define or report “solutions” revenue, Chamberlin said. Instead, the company views its offerings as spanning point products, system-level products and broader architecture-level deployments. Its strategy is to provide customers with options ranging from individual UPS products to integrated thermal and powertrain systems and full deployments such as SmartRun and OneCore.
Albertazzi said the company’s converged infrastructure products create value by moving complexity away from construction sites and into a more industrialized manufacturing process. He characterized recent supply-chain-related comments as being specific to the coordination required for these complex offerings rather than a broad supply chain issue.
According to Albertazzi, integrating complex systems across factories can create timing variability in revenue recognition depending on when components converge at an integration facility. Vertiv is investing in integration capabilities and capacity to support demand for these products, he said.
800-Volt Power and Cooling Innovation On power infrastructure, Albertazzi said Vertiv expects a “multi-architecture” future rather than a single industrywide approach. The company sees opportunities in 800-volt direct-current configurations, including sidecar deployments and native end-to-end 800 VDC powertrains.
He said Vertiv expects demand for sidecar-related 800-volt products to accelerate in the second half of 2027. Fully native end-to-end 800-volt powertrain systems are expected to become commercially available near the end of 2027, with volumes anticipated in 2028.
Chamberlin said 800-volt architectures could increase Vertiv’s content per megawatt, although the opportunity will depend on how a customer’s power architecture is constructed. Vertiv expects to offer products across the portfolio, including UPS systems, batteries, sidecars and other power technologies.
On the cooling side, Albertazzi said Vertiv is continuing to develop liquid cooling systems, coolant distribution units, chillers, dry coolers and heat-rejection technologies. He cited the company’s Strategic Thermal Labs acquisition as a way to engage earlier in silicon-related thermal development, and said Vertiv is also enthusiastic about its ThermoKey acquisition in dry cooling.
Albertazzi highlighted the Vertiv CoolLoop Trim Cooler, a hybrid approach combining dry cooling with chiller capabilities. He said the product can extend the time a data center operates using free cooling while retaining additional cooling capacity for hotter conditions.
Margins, Pricing and Capital Deployment Vertiv has targeted adjusted operating margins of more than 27% by 2030. Chamberlin said anticipated margin expansion is expected to come from volume leverage, manufacturing productivity, purchasing efficiency and continued price-cost management.
He said the company regularly reviews inflation and tariffs and uses contract provisions, pricing mechanisms and internal countermeasures—including sourcing and deployment changes—to manage input-cost volatility.
Chamberlin added that infrastructure solutions such as SmartRun and OneCore generally carry product margins in line with Vertiv’s broader product business. Products have lower margins than services, he said, so product growth that outpaces services could affect mix. Vertiv’s Investor Day outlook assumed services and products would grow at similar rates.
Albertazzi said capital priorities include continued investment in research and development, manufacturing capacity and potential acquisitions that complement Vertiv’s portfolio. He said the company sees opportunities for both organic and inorganic growth.
About Vertiv (NYSE:VRT)Vertiv Holdings Co NYSE: VRT designs, manufactures and services critical digital infrastructure that helps data centers, communications networks and other facilities operate reliably and efficiently. Its solutions support the availability, performance and growth of information technology systems.
The company's products and services include power management and distribution equipment, uninterruptible power supplies, thermal management and cooling systems, racks and integrated infrastructure, monitoring and management software, and lifecycle services.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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RFG Advisory LLC cut its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 39.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,036 shares of the company’s stock after selling 1,997 shares during the quarter. RFG Advisory LLC’s holdings in Vertiv were worth $1,017,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in Vertiv by 25.9% during the first quarter. Empowered Funds LLC now owns 11,557 shares of the company’s stock worth $834,000 after buying an additional 2,377 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in Vertiv in the 2nd quarter valued at $567,000. Cary Street Partners Financial LLC increased its stake in shares of Vertiv by 19.8% in the 2nd quarter. Cary Street Partners Financial LLC now owns 1,390 shares of the company’s stock worth $178,000 after acquiring an additional 230 shares during the last quarter. Bank of Nova Scotia raised its holdings in shares of Vertiv by 49.7% during the 2nd quarter. Bank of Nova Scotia now owns 29,239 shares of the company’s stock worth $3,755,000 after acquiring an additional 9,712 shares during the period. Finally, Ossiam purchased a new position in shares of Vertiv during the 2nd quarter worth $50,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.
Vertiv Trading Up 3.5% NYSE VRT opened at $256.91 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.38 and a quick ratio of 1.03. The stock has a market capitalization of $98.91 billion, a P/E ratio of 58.12, a PEG ratio of 1.05 and a beta of 2.07. The firm’s 50-day moving average is $278.40 and its two-hundred day moving average is $291.72. Vertiv Holdings Co. has a 12 month low of $132.68 and a 12 month high of $379.93.
Vertiv (NYSE:VRT – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The business’s revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.95 EPS. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. On average, sell-side analysts anticipate that Vertiv Holdings Co. will post 6.72 earnings per share for the current year. Vertiv Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Monday, September 14th will be given a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, September 14th. Vertiv’s dividend payout ratio (DPR) is currently 5.66%.
Analyst Ratings Changes A number of equities research analysts recently issued reports on the stock. Evercore set a $375.00 price objective on shares of Vertiv in a report on Wednesday, July 29th. Fox Advisors raised shares of Vertiv from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 21st. Weiss Ratings lowered shares of Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, August 14th. Zacks Research cut shares of Vertiv from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Mizuho set a $380.00 price target on shares of Vertiv in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $357.83.
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Key Stories Impacting Vertiv Here are the key news stories impacting Vertiv this week:
Positive Sentiment: AI infrastructure demand supports the bullish case. Analysts and financial commentators identify Vertiv as a key provider of the power, cooling and thermal-management systems needed to operate AI data centers. The company is viewed as benefiting from a new capital-spending cycle alongside NVIDIA and Arista Networks. AI Capex Creates New Investment Cycle: NVIDIA & 2 Other Stocks to Buy Positive Sentiment: Utility Innovation Holdings acquisition expands Vertiv’s opportunity. Vertiv’s planned $1.45 billion purchase is expected to add microgrid capabilities and upstream power-architecture solutions, potentially allowing the company to capture more spending across the data-center power stack and strengthen its AI infrastructure position. 1 Big Reason Vertiv’s New Acquisition Could Supercharge Its AI Dominance Positive Sentiment: Several analysts see rebound potential. Commentary highlights Vertiv as a long-term growth stock and notes that at least one Wall Street strategist has established a target implying substantial upside after the recent pullback. Vertiv Has Cooled for 3 Months Neutral Sentiment: Vertiv recently exceeded quarterly EPS expectations and posted strong year-over-year revenue growth, but revenue fell short of consensus estimates. Its current guidance remains supportive of continued earnings growth. Negative Sentiment: Valuation and execution risks remain. The stock has declined materially from its recent high, and analysts caution that investors may face additional volatility while Vertiv integrates the acquisition and demonstrates that demand, margins and operating execution justify its premium valuation. What Does Buying a Vertiv Dip Cost You Before It Pays? Insider Activity at Vertiv In other news, Director Edward Monser sold 15,287 shares of Vertiv stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total value of $3,880,146.34. Following the completion of the sale, the director directly owned 16,500 shares of the company’s stock, valued at approximately $4,188,030. The trade was a 48.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by corporate insiders.
About Vertiv (Free Report)
Vertiv Holdings Co (NYSE: VRT) designs, manufactures and services critical digital infrastructure that helps data centers, communications networks and other facilities operate reliably and efficiently. Its solutions support the availability, performance and growth of information technology systems.
The company’s products and services include power management and distribution equipment, uninterruptible power supplies, thermal management and cooling systems, racks and integrated infrastructure, monitoring and management software, and lifecycle services.
Featured Articles Five stocks we like better than Vertiv Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy? Optical Cable Corporation Is Starting to Get the Market’s Attention Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers Is Nike’s Index Demotion a Warning or a Buying Opportunity? Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).
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Vertiv oznámil dohodu o koupi Utility Innovation Holdings za 1,45 miliardy USD plus až 1,15 miliardy USD při splnění milníků. Akvizice rozšíří firmu do oblasti power architecture pro datová centra.
The massive artificial intelligence (AI) data center build-out is one of the largest investment supercycles ever. According to JLL Research, global data center investment could reach $3 trillion by 2030. This massive infrastructure spending has created a slew of winners as hyperscalers look to secure everything from chips to power to thermal management solutions.
Vertiv (VRT -5.62%) has emerged as a primary beneficiary of this build-out. Traditional server racks use fans and perimeter air units to cool. But modern AI clusters, like those that use Nvidia Blackwell or GB200 systems, produce significantly more heat and require specialized cooling systems to keep them running.
Vertiv provides critical power and thermal management systems and has emerged as a top "pick-and-shovel" stock to play the AI build-out. The company is expanding beyond its traditional business, moving upstream to the utility-and-substation interface, and recently acquired Utility Innovation Holdings to build on that position.
Here's why Vertiv's recent acquisition is a big deal.
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Vertiv expands into power architecture with its recent acquisition On Sept. 2, Vertiv announced an agreement to acquire Utility Innovation Holdings (which operates as UtilityInnovation Group, or UIG) for $1.45 billion, plus an additional $1.15 billion contingent on specific milestones.
The acquisition gives Vertiv a company that provides microgrid solutions and behind-the-meter power architecture for data centers. It moves Vertiv's business upstream into power architecture and should help operators lock in power faster as the grid faces severe constraints due to the growing presence of data centers.
With UIG, we anticipate extending that portfolio upstream to the utility interconnect and onsite power sources, creating a coordinated architecture from source to chip without tying customers to a single generation technology or supplier.
The acquisition is priced at around 13 times UIG's projected earnings before interest, taxes, depreciation, and amortization (EBITDA). If UIG meets those key milestones that trigger the additional payout, the multiple will actually be significantly lower. Vertiv expects this acquisition to boost earnings per share in the first year.
The move helps Vertiv build on incredibly strong demand from data centers For years, Vertiv has dominated inside the server room. It provides companies with uninterruptible power supplies, switchgear, and intelligent power distribution units that help operators manage grid power fluctuations and prevent sudden power dropouts. Its infrastructure works regardless of whether a data center operator uses Nvidia GPUs, AMD GPUs, or cloud ASICs from Alphabet's Google or Amazon Web Services.
Image source: Getty Images.
The company has seen incredibly robust demand for its products as hyperscalers spend hundreds of billions of dollars in capital expenditures to build out data centers. In the second quarter, Vertiv's sales topped $3.2 billion, while its adjusted free cash flow surged 234% year over year to $925 million. Management projects sales to reach $14 billion in 2026, with adjusted earnings per share expected to jump 60% to $6.70.
Now, Vertiv is moving beyond the server room and running toward grid and power solutions. This lets Vertiv package its components into a modular container, reducing friction that could cause delays as time-to-power becomes a crucial data center bottleneck. Vertiv doesn't need to hand this off to competitors and can capture a larger slice of data center spend as a result.
Vertiv enjoys tailwinds from hyperscalers' massive spending Vertiv has emerged as a pick-and-shovel stock benefiting from hyperscalers' massive capital expenditures. As a result, much of its demand is tied to these companies' continued heavy spending on data centers. If hyperscalers begin to cut back on capital expenditures, Vertiv's earnings could take a huge hit.
The risks are real, but so is Vertiv's upside. Analysts covering the company project its earnings per share could grow at a 40% annual rate over the next three years. For investors bullish on the long-term data center build-out, Vertiv is a top stock to buy today.
Courtney Carlsen has positions in Advanced Micro Devices, Alphabet, Nvidia, and Vertiv. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Nvidia, and Vertiv. The Motley Fool has a disclosure policy.
Vertiv za poslední seanci spadl o 9,63 % na 262,83 USD, ale GLJ Research mu dál dává cílovou cenu 381 USD, což znamená zhruba 45% potenciál růstu. Společnost zároveň ve 2. čtvrtletí zvýšila výnosy o 24 % na 3,274 miliardy USD a zvedla celoroční výhled.
Vertiv shed nearly 10% in a single session and has been sliding for three months, yet one Wall Street firm just set a street-high target that implies the selloff created an opening most investors are missing.
Vertiv (NYSE:VRT | VRT Price Prediction) trades at $262.83, while the average Wall Street price target sits at $338.15, leaving roughly 29% of implied upside between the current price and the consensus.
Vertiv designs the power, cooling, and IT management gear that keeps hyperscale data centers running, which puts it squarely in the AI infrastructure trade that has driven capex to record levels. That exposure is why analysts have obsessed over every order number, and why the recent cooling in the shares is drawing so much attention.
One boutique voice has gone further than the crowd. GLJ Research recently set a street-high target of $381.00, roughly a 45% jump from where the stock sits today.
A Sharp Session Turned a Slow Fade Into a Selloff The most immediate damage came in a single day. Shares fell 9.63% in the most recent trading session, sliding from $290.83 to $262.83. That drop capped a longer slide from the roughly $319 level where shares traded around the Q1 earnings report in April.
The fundamentals do not obviously justify the fade. Vertiv posted Q2 revenue of $3.274 billion, up 24% year over year, with adjusted operating margin of 22.6% and adjusted EPS of $1.52. What did rattle investors was management’s acknowledgment of timing shifts on large, multi-phase projects and temporary supply-chain congestion. Layer on a fresh batch of investor-alert releases from Pomerantz and Hagens Berman, and a stock priced near peak had reasons to breathe out.
Why the Sell-Side Is Doubling Down on Vertiv Analysts have largely shrugged off the cooldown because the operating story keeps improving. Vertiv raised its full-year outlook again after Q2, guiding to $14 billion in net sales at the midpoint, adjusted EPS of $6.70, and adjusted free cash flow of $2.5 billion. Q3 guidance calls for organic sales growth of roughly 35% and adjusted EPS of $1.80 at the midpoint.
Coverage skews decisively bullish. Of the analysts tracking the name, 3 rate it Strong Buy, 21 rate it Buy, 4 rate it Hold, and none carry a Sell. EPS revisions have also skewed sharply higher: 16 upward FY2027 revisions in the trailing week versus 4 downward over 30 days.
The GLJ Research upgrade takes the same view to its logical extreme. The firm moved Vertiv from Hold to Buy in August 2026 and set the street-high $381 target, arguing that hyperscaler buildouts of next-generation AI clusters make Vertiv’s high-density power and liquid cooling franchises a structural winner. Broader consensus targets cluster around the $338 to $358 range.
The catalyst path is specific. Watch Q3 organic growth landing in the mid-30s, the $15.0 billion backlog converting on schedule, and EMEA returning to organic growth in the second half as management has guided. Vertiv’s 800-volt DC collaborations with NVIDIA and Foxconn’s Vision Bay unit anchor the longer thesis. All of that buildout has to be powered and cooled by somebody, and we profiled seven suppliers doing exactly that, beyond the chipmakers, in a free report.
Peers Cooled Alongside Vertiv The whole electrical-infrastructure complex pulled back over the past month, putting Vertiv in familiar company. Still, the setups differ across the group.
Eaton (NYSE:ETN) trades at $415.22 after slipping 6.68% over the past month. Its $478.17 average target implies about 15% upside. Coverage is heavily positive, though one Strong Sell rating anchors the tail.
nVent Electric (NYSE:NVT) sits at $158.54, essentially flat over the past month. The $204.07 target implies roughly 29% upside, and the sell side is nearly unanimous on the buy side after five straight beats.
Generac (NYSE:GNRC) has cooled the hardest, down 9.52% in a month to $186.48. The $283.88 target implies about 52% upside, the largest gap in the peer set.
Hubbell (NYSE:HUBB) fetches $454.97, down 9.89% over the month. Its $565.73 target implies roughly 24% upside, with ratings split between Buy and Hold.
Consensus targets are one input among many. Still, Generac holds the biggest gap in the group, while Vertiv’s ~29% consensus gap (or 45% to GLJ’s street high) sits in the upper tier of a cohort that has broadly cooled together.
Vertiv’s Cooldown by the Numbers Vertiv trades at $262.83 against a $338.15 consensus target drawn from 28 analysts, with a street-high of $381 from GLJ Research. Year to date, shares are up 62.3% versus 11.81% for the S&P 500 proxy, and are higher by 109.52% over one year.
Analyst posture is lopsided to the bull side:
Strong Buy: 3 Buy: 21 Hold: 4 Sell: 0 Shares carry a trailing P/E of 66 and forward P/E of 31, with beta of 2.08. That volatility explains both the ferocious rally and today’s single-session drawdown.
My Take on Vertiv After the Reset The bull case for Vertiv here rests on hyperscaler AI capex holding through 2027 and management converting its $15.0 billion backlog on schedule. The path to GLJ’s $381 target runs through Q3 execution, EMEA returning to organic growth, and Vertiv monetizing its 800-volt DC and liquid-cooling content as content per megawatt expands. Consensus EPS of $9.10 for 2027 gives the multiple room to breathe.
The bear case builds if the timing shifts on large projects are early evidence of a lumpier order pattern, or if the class-action investigations foreshadow disclosure risk. A beta above 2 and a rich forward multiple leave no margin for a stumble.
On balance, I lean constructive. The operating trajectory keeps beating, the raise-and-guide cadence is intact, and the reset has repriced a stock that got ahead of itself without changing the underlying story. The consensus 29% gap is the more defensible target. GLJ’s 45% call is the upside case if execution stays clean.
Contact [email protected] for any questions or corrections.
California State Teachers Retirement System ve 2. čtvrtletí zvýšil podíl ve Vertiv o 33 242,5 % a koupil dalších 184 944 978 akcií. Po transakci drží 185 501 329 akcií, zhruba 48,18 % společnosti.
California State Teachers Retirement System grew its holdings in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) by 33,242.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,501,329 shares of the company’s stock after purchasing an additional 184,944,978 shares during the quarter. California State Teachers Retirement System owned about 48.18% of Vertiv worth $62,109,555,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Sachetta LLC grew its stake in Vertiv by 41.4% in the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock valued at $31,000 after buying an additional 36 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Vertiv by 60.5% during the first quarter. Cornerstone Planning Group LLC now owns 130 shares of the company’s stock worth $33,000 after acquiring an additional 49 shares in the last quarter. GoalVest Advisory LLC boosted its holdings in shares of Vertiv by 87.3% in the second quarter. GoalVest Advisory LLC now owns 148 shares of the company’s stock worth $50,000 after acquiring an additional 69 shares during the period. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Vertiv by 58.3% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock worth $25,000 after acquiring an additional 56 shares during the period. Finally, Center for Financial Planning Inc. grew its position in shares of Vertiv by 554.2% in the first quarter. Center for Financial Planning Inc. now owns 157 shares of the company’s stock valued at $39,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.
Vertiv Price Performance Shares of Vertiv stock opened at $280.76 on Monday. Vertiv Holdings Co. has a 52-week low of $118.70 and a 52-week high of $379.93. The stock has a market capitalization of $108.09 billion, a price-to-earnings ratio of 63.52, a price-to-earnings-growth ratio of 1.15 and a beta of 2.07. The company has a fifty day moving average of $282.72 and a 200-day moving average of $291.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.38.
Vertiv (NYSE:VRT – Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.09. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The firm’s revenue was up 24.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 EPS. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. Equities research analysts expect that Vertiv Holdings Co. will post 6.72 EPS for the current year. Vertiv Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Monday, September 14th will be issued a $0.0625 dividend. The ex-dividend date is Monday, September 14th. This represents a $0.25 annualized dividend and a dividend yield of 0.1%. Vertiv’s payout ratio is currently 5.66%.
Insider Buying and Selling at Vertiv In related news, Director Edward Monser sold 15,287 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $253.82, for a total transaction of $3,880,146.34. Following the transaction, the director directly owned 16,500 shares in the company, valued at $4,188,030. This trade represents a 48.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.
Analyst Ratings Changes A number of analysts recently issued reports on the company. Bank of America boosted their price objective on Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, May 15th. KeyCorp reduced their target price on Vertiv from $360.00 to $325.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Roth Capital reiterated a “buy” rating and set a $355.00 price target on shares of Vertiv in a research report on Thursday, May 21st. Zacks Research downgraded shares of Vertiv from a “strong-buy” rating to a “hold” rating in a report on Monday, August 31st. Finally, Oppenheimer restated an “outperform” rating and issued a $325.00 price objective on shares of Vertiv in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $357.83.
View Our Latest Stock Report on VRT
More Vertiv News Here are the key news stories impacting Vertiv this week:
Positive Sentiment: AI power infrastructure expansion: Vertiv will pay approximately $1.45 billion in cash at closing, with up to $1.15 billion in additional payments tied to 12- and 24-month earnings targets. UIG adds microgrid controls, onsite-generation orchestration, switchgear and behind-the-meter power capabilities, extending Vertiv’s offering from the electrical grid to the data-center chip. Management expects the acquisition to be accretive to adjusted earnings per share in the first year after closing. Vertiv’s UIG Deal Targets the Next Big Constraint in AI Data Centers Positive Sentiment: Strong AI-driven growth narrative: Recent analysis highlights Vertiv’s 60% year-over-year adjusted EPS growth in the second quarter, higher full-year guidance, doubled deferred revenue and expected third-quarter revenue growth of roughly 40%. Its technical integration with NVIDIA and expanding cooling and power portfolio continue to support investor enthusiasm. Vertiv Holdings: The Market Is Making The Same Mistake Twice, Still A Buy Positive Sentiment: Positive analyst and institutional sentiment: Vertiv retains a consensus “Moderate Buy” rating, while reports point to strong interest from billionaire-led funds and potential competitive advantages over other AI cooling and infrastructure providers. Vertiv Receives Moderate Buy Consensus Neutral Sentiment: Valuation remains demanding: Analysts view Vertiv’s growth prospects favorably, but the stock’s elevated earnings multiple leaves limited room for execution disappointments and makes future gains dependent on continued strong AI infrastructure growth. Vertiv AI Infrastructure Growth and Valuation Negative Sentiment: Insider sale: Director Edward Monser sold 15,287 shares worth approximately $3.88 million under a pre-arranged Rule 10b5-1 plan. The planned nature limits its significance, but the transaction reduced his direct ownership by about 48%. Vertiv Director Insider Sale Vertiv Profile (Free Report)
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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Vertiv oznámil za 2. čtvrtletí tržby ve výši 3,274 miliardy USD, což je meziročně o 24,1 % více, a upravený EPS 1,52 USD. Firma zároveň zvýšila celoroční výhled tržeb i zisku.
Vertiv and Schneider Electric both posted blockbuster AI-driven growth, but their earnings tell two very different stories about where the real money gets made in the data center cooling race.
Vertiv (NYSE:VRT | VRT Price Prediction) and Schneider Electric (OTC:SBGSF) just delivered earnings that frame the AI infrastructure boom from opposite ends of the barbell. Vertiv is a pure play on data center power and cooling. Schneider is a diversified global electrification giant that owns APC and, since Q2 2025, Motivair for liquid cooling. Both grew fast. Only one is levered entirely to the hyperscale wave.
AI Racks Carry Vertiv. Grid and Automation Carry Schneider. Vertiv posted Q2 2026 revenue of $3.274 billion, up 24.1%, with 18% organic growth and adjusted EPS of $1.52. Americas surged 29.2% on hyperscale AI, while EMEA barely moved. CEO Giordano Albertazzi told investors “demand for AI and general compute continues to intensify” and that deployments are getting “more complex and more infrastructure-intensive.” Free cash flow jumped to $925.3 million, a signal that milestone payments on giant projects are landing early.
Schneider Electric reported record H1 2026 revenue of €21.2 billion, up 14% organic, with Q2 alone at €11.5 billion (+17% organic). Energy Management, which houses data center power, grew 18% organic. CEO Olivier Blum raised full-year adjusted EBITA growth guidance to 14 to 19%. Motivair is now scaling as its liquid cooling arm, aimed squarely at GPU-dense workloads. The rest of the portfolio (industrial automation, buildings, grid) grew far slower.
Pure-Play Cooling Bet vs. Diversified Electrification Machine Lens Vertiv Schneider Electric Core Bet Power, thermal, liquid cooling for AI racks Global electrification plus data centers Signature Tech PurgeRite Near Zero, 800V DC roadmap APC UPS, Motivair CDUs and cold plates Growth Engine Americas hyperscale Energy Management segment Key Vulnerability AI capex concentration, EMEA softness Slower automation, FX drag Vertiv is engineering ahead of the GPU curve. Management confirmed 800-volt DC architecture at rack and pod level is under customer validation in 2026, with deployment in 2027. Schneider is broader and steadier. Motivair gives it credible cold-plate capability, but its identity is still the global grid and factory floor, not the AI thermal loop.
Backlog Conversion Becomes the Next Proving Ground Vertiv raised FY26 guidance to $13.80 billion to $14.20 billion in revenue and adjusted EPS of $6.65 to $6.75, implying 58 to 61% EPS growth. Q3 organic growth is guided to 34 to 36%. That is a lot to execute against supply chain congestion Chamberlin admitted may linger. I will keep an eye on EMEA, which management insists returns to growth in the second half. Schneider’s watch item is different: whether industrial automation and buildings ever catch up to the data center business, or drag on the multiple.
Why I Own the Story Through Vertiv, With Schneider as Ballast If you want unfiltered exposure to AI cooling economics, Vertiv is the cleaner vehicle. The stock is up 66.01% year to date and 114.28% over one year, so I know I am paying for velocity. That said, a market cap near $103.5 billion against a raised guide still leaves room if 2027 orders match the tone of this call. Schneider, up 23.14% year to date, suits an investor who wants AI exposure without single-theme risk, plus a euro dividend and an industrial base that will not vanish if hyperscale capex slows. For me, Vertiv deserves the money right now. Schneider deserves the watchlist for the day AI cooling growth normalizes. If you want a wider map of the picks-and-shovels names powering this buildout beyond the chipmakers, we put seven of them in a free report on the AI infrastructure trade.
Contact [email protected] for any questions or corrections.
Vertiv koupí UtilityInnovation Group za až 2,6 miliardy USD, aby řešil klíčové omezení AI datacenter: dostupnost elektřiny. Firma očekává, že akvizice bude v prvním roce akreční pro upravený EPS.
Vertiv Holdings NYSE: VRT just made its clearest statement yet about where the next phase of AI infrastructure spending is headed. On Sept. 2, the company announced it will acquire UtilityInnovation Group (UIG), a microgrid and behind-the-meter power specialist. The deal will be financed with roughly $1.45 billion in cash up front, with another $1.15 billion tied to EBITDA targets over the next two years, pushing the total potential price tag to $2.6 billion.
Vertiv Today
$275.04 +6.21 (+2.31%)
As of 11:06 AM Eastern
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$118.70▼
$379.930.09%
62.25
$357.83
The market's first reaction will likely focus on the cost. A 13x multiple on UIG's expected 2027 EBITDA isn't cheap for a company most investors have never heard of. But investors don't have to dig too deep to get to see the bigger picture. The acquisition is really a bet on solving the single biggest constraint standing between AI data center demand and actual deployed capacity.
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Industry executives call it "time to power," and it's become as important as chip supply in determining how fast AI infrastructure gets built. Utility interconnection queues in major markets can stretch over years. UIG's technology lets operators bypass that bottleneck through onsite generation and grid-independent architectures. Vertiv is betting that owning this capability outright is worth the premium.
What UtilityInnovation Group Brings to VertivUIG isn't a generic acquisition target. Founded in 2020 and based in Raleigh, North Carolina, with a European headquarters in Dublin, the company built its business specifically around the messiest part of data center power planning: the handoff between the utility grid and the site itself. Its technology includes proprietary controls software and pre-engineered microgrid switchgear designed to coordinate multiple power sources in real time.
That's a different layer of the stack than what Vertiv historically sold. Vertiv's core business has been power distribution, thermal management, and IT infrastructure inside the data center walls. UIG pushes Vertiv upstream, to where a customer is still deciding how to secure power before a single rack gets installed. CEO Gio Albertazzi said the deal extends Vertiv's reach "from source to chip" without locking customers into one supplier.
That framing matters for how investors should read this deal. It's not a diversification play into an unrelated business. It's a vertical extension into the exact problem that determines how quickly a data center can go from site selection to what Albertazzi called "first token."
Why Vertiv Structured the UIG Deal Around Performance TargetsThe earnout structure deserves attention, too. Vertiv is paying $1.45 billion now and deferring up to $1.15 billion until UIG hits specific EBITDA milestones over 12- and 24-month periods. If the full earnout is paid, the effective multiple drops meaningfully below 13x, because that scenario only occurs if UIG's growth materializes.
In other words, Vertiv isn't overpaying for a story. It's structuring the deal so that a large chunk of the price is paid only if the growth is real. That's a meaningfully different setup than an acquirer paying a rich multiple purely on projected synergies with no accountability built in.
Vertiv also expects the deal to be accretive to adjusted earnings per share (EPS) in year one. That's a notable claim for an acquisition of this size, and it suggests management has confidence in UIG's near-term cash generation, not just its long-term strategic fit.
Vertiv's Acquisition Tests the AI Infrastructure Growth ThesisThis deal is really a referendum on how durable the AI infrastructure buildout thesis is. Skeptics have argued for months that power constraints could cap the pace of data center construction regardless of how much capital gets committed. Vertiv's move suggests the company sees that constraint not as a ceiling on the opportunity, but as the opportunity itself.
If time-to-power becomes as critical a differentiator as time-to-market has been in other industries, the company that owns the tools to compress that timeline captures outsized value. Vertiv is positioning itself to be that company, extending its portfolio from grid interconnect all the way to the rack.
There are real risks. The deal still needs regulatory approval and isn't expected to close until the fourth quarter of 2026. Integration of a five-year-old company with global operations carries execution risk. And the price tag is still substantial, even for a company of Vertiv's size.
How the Deal Fits Into the Broader Infrastructure Trade93rd Percentile
Moderate Buy
33.5% Upside
Healthy
Weak
0.98 Selling Shares
33.13%
See Full Analysis
The picks-and-shovels trade around AI data centers has evolved fast. A year ago, the story was mostly chips and cooling. Now it's expanding into everything that touches power: transformers, switchgear, and increasingly, generation sources themselves.
Vertiv's move puts it in closer competition with Eaton NYSE: ETN and Quanta Services NYSE: PWR, both of which are building out their own power-adjacent capabilities.
The difference is that Vertiv is buying rather than partnering, a bigger commitment that reshapes its growth algorithm.
This isn't a company simply riding demand for existing products. It's actively expanding its addressable market to capture more value within each customer relationship, positioning itself as a single, accountable vendor from grid interconnect to the rack.
What Investors Should Watch After the Vertiv-UIG AcquisitionWatch for commentary on UIG's order pipeline once Vertiv reports earnings following the deal's close. Any specifics on hyperscaler or colocation discussions already underway would quickly validate the demand thesis. Also track whether Eaton, Quanta Services, or generation-focused players like Bloom Energy NYSE: BE make similar moves, confirming the whole industry sees behind-the-meter power as the next frontier.
But the strategic logic is sound. AI data center operators aren't just competing on chip access anymore. They're competing on how fast they can get power to those chips. Vertiv just bought a meaningful edge in that race, and the market will spend the next several quarters deciding whether the price was worth it.
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Vertiv klesl z 52týdenního maxima o zhruba 32 %, i když ve 2. čtvrtletí opět překonal odhady a zvýšil celoroční výhled EPS na 6,65 až 6,75 USD. Loop Capital vidí růst téměř o 100 % při cílové ceně 500 USD.
Vertiv has quietly shed nearly a third of its value from its peak even as earnings beats pile up and estimates keep climbing higher. One analyst has a target so far above current prices it sounds almost absurd, but the…
Vertiv (NYSE:VRT | VRT Price Prediction) closed the most recent session at $256.70, while the average Wall Street price target sits at $338.15. That leaves a consensus gap of roughly 32% between where the stock trades and where analysts think it belongs.
Vertiv sells the power and thermal plumbing that keeps AI data centers alive: UPS systems, switchgear, chillers, coolant distribution units, and liquid-cooling loops that sit between hyperscalers and the GPUs they are racing to deploy (we profiled seven of these infrastructure suppliers, from power to cooling, in a free report here: 7 Stocks Powering the AI Boom). That positioning turned VRT into one of the market’s cleanest AI infrastructure names and made it a favorite of momentum funds after it joined the S&P 500 in March 2026.
The gap matters because the stock has quietly come undone from its highs even as the operating story keeps getting better. That disconnect has Wall Street increasingly vocal, with one shop calling for a rally of roughly 100% from here.
A 32% Drawdown Off the Highs Nobody Is Talking About Vertiv has shed about 32% from its 52-week high of $379.86, a drawdown large enough to qualify as a bear market in a single name. Shares are down 2.41% over the past month and 2.7% over the past week, extending a slow bleed that began after the April peak near $319.
The catalyst had nothing to do with earnings quality. Vertiv’s Q2 2026 report was the fifth straight beat, with $1.52 in adjusted EPS, $3.27 billion in revenue up 24.12% year over year, and adjusted operating margin of 22.6%, up 410 basis points. Management raised full-year EPS guidance to $6.65 to $6.75. Yet shares opened the next session near $232 after filing at $270.
The market seized on management’s comments about “minor timing shifts” in Q2 revenue tied to multi-phase project execution and supply-chain congestion. Investors read that as a crack in the AI capex story. Layer in tariff overhangs, an EMEA segment that grew only 1.7%, and profit-taking after a scorching run, and the selloff snowballed.
Why Loop Capital Sees a 100% Rally From Here Analysts remain firmly constructive. Of 28 firms covering VRT, 3 rate it Strong Buy, 21 Buy, 4 Hold, and none Sell. The consensus EPS estimate for 2026 has climbed to $6.71 from $6.48 just 30 days ago, and the 2027 number has moved to $9.10. Recent revisions are running heavily to the upside, with 21 upward revisions versus only three cuts over the past month for 2026.
The loudest bull is Loop Capital Markets, which carries the highest active published Street target of $500.00. From here, that implies close to a 100% move. Loop’s thesis models aggressive long-term revenue and margin expansion driven by Vertiv’s dominant market share in liquid cooling (CDUs, chillers) and power management infrastructure for next-generation AI data center architectures. In plain English: Loop believes VRT is the toll booth for the 800-volt DC power and closed-loop liquid cooling transition already being validated with NVIDIA GB300 and Vera Rubin platforms.
Management’s own commentary supports the bull case. CEO Gio Albertazzi told investors “the momentum is strong. It’s broad-based, and it’s accelerating,” pointing to a Q2 backlog and pipeline that continue to expand across hyperscale, colocation, and neocloud customers. A $1.45 billion deal to acquire a microgrid firm, announced this week, deepens VRT’s grid-tie capability just as AI power constraints tighten.
The bull timeline is concrete. Q3 organic growth is guided to 34% to 36%, which would give the market a clean data point on whether the H2 backlog conversion story is real. Loop’s $500 needs that ramp plus continued mix shift toward higher-content liquid-cooling deployments.
Vertiv Fell Alone While Its Power Peers Held Firmer The AI power complex sold off unevenly. Vertiv is the outlier, having given back more than any close peer despite posting the cleanest fundamentals.
Eaton (NYSE:ETN) trades at $390.85 against a $475.57 average target, implying about 22% upside. Coverage skews bullish with 22 Buys, 4 Holds, and 1 Strong Sell. ETN is down 10.59% in the past month but still 23.73% YTD; Wall Street’s implied upside here is meaningfully smaller than VRT’s.
Generac (NYSE:GNRC) sits at $180.76 versus a $283.88 target, or roughly 57% upside, with 14 Buys and 7 Holds. GNRC has fallen 12.52% in the past week on data-center backlog concerns, giving it the widest peer-group gap outside of Loop’s outlier VRT call.
Super Micro Computer (NASDAQ:SMCI) trades near $37.00 against a $42.38 target, implying just 14.5% upside. The rating deck reflects lingering doubt: 5 Buys, 11 Holds, 3 Sells. SMCI’s setup is the weakest of the group on both upside and analyst posture.
Across the primary and its peers, GNRC carries the largest consensus upside, but the standout single-analyst call sits with Vertiv thanks to Loop’s $500. On a rating-quality basis, VRT’s Buy-heavy book is the cleanest in the group.
How the VRT Numbers Actually Stack Up Vertiv trades at $256.70 with a $338.15 consensus target across 28 analysts, implying about 32% upside to the group average and closer to 95% to Loop’s Street-high $500. Targets are one data point among many.
Performance tells the dislocation story. VRT is up 58.52% YTD and 107.22% over one year. The S&P 500, by comparison, is up 12.21% YTD and 19.51% over the same twelve months. VRT has vastly outrun the index over a year yet has stalled recently, down 2.41% in the past month while the S&P added 0.99%.
Valuation runs rich. Shares trade at a 42x forward earnings multiple on $6.71 in 2026 EPS. That is the price of a name growing organic sales in the 30s with expanding margins and a net cash balance sheet.
Where I Actually Come Down on Vertiv Here Vertiv looks compelling at these levels if the bull case holds. Q3 delivers the guided 34%-plus organic growth, the H2 timing shifts resolve as management promised, and liquid-cooling attach rates keep climbing as GB300 and Vera Rubin platforms roll out. That path gets consensus to $338 comfortably and gives Loop’s $500 a real runway toward 2027 as EPS scales toward $9.10. But the risk/reward inverts if the bear case bites. Multi-phase project complexity turns into recurring push-outs, tariffs squeeze the price-cost equation, hyperscale capex digestion arrives sooner than expected, and a 42x forward multiple compresses fast on any growth wobble.
My lean is constructive. Estimates are moving up, not down, and the operating results support the bullish revisions. Loop’s 100% rally call is aggressive and depends on 2027 execution, but the base-case 32% gap to consensus looks like the market punishing complexity commentary while the underlying thesis remains intact. Investors who can stomach a high-beta name with a rich multiple are being offered a better entry than they’ve had in months.
Contact [email protected] for any questions or corrections.
Vertiv oznámila čtvrtletní hotovostní dividendu ve výši 0,0625 USD na akcii kmenových akcií třídy A. Splatná bude 24. září 2026 akcionářům, kteří budou zapsáni k 14. září 2026.
, /PRNewswire/ -- Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, today announced that its Board of Directors has declared a quarterly cash dividend of $0.0625 per share of the company's Class A common stock. The cash dividend will be payable on September 24, 2026, to shareholders of record of Class A common stock at the close of business on September 14, 2026.
About Vertiv Holdings Co
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit vertiv.com.
Category: Financial News
For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E: [email protected]
For media inquiries, please contact:
Ruder Finn for Vertiv
E: [email protected]
Vertiv oznámil koupi UtilityInnovation Group za zhruba 1,45 miliardy USD za hotové, s dalším plněním až 1,15 miliardy USD podle cílů EBITDA. Akvizice má posílit jeho nabídku pro AI datová centra omezená dostupností energie.
~$1.45 billion acquisition expected to expand Vertiv's addressable opportunity in power-constrained data centers
Adds microgrid controls, onsite generation orchestration, microgrid-specific switchgear and behind-the-meter power architecture to Vertiv's portfolio Extends Vertiv's power and cooling portfolio from grid interconnect to chip, independent of any single generation technology or supplier UIG's proven team and proprietary technology expected to help customers accelerate time to power through grid-connected or grid-independent architectures , /PRNewswire/ -- Vertiv Holdings Co. (NYSE: VRT) ("Vertiv"), a global leader in critical digital infrastructure, today announced its wholly-owned subsidiary, Vertiv Corporation, has entered into an agreement and plan of merger to acquire Utility Innovation Holdings, Inc., which operates as UtilityInnovation Group ("UIG"), a leader in microgrid solutions, advanced power controls and behind-the-meter power architecture design for data centers, for approximately $1.45 billion in cash at closing, with additional consideration of up to $1.15 billion in cash based on achieving certain earnings before interest, taxes, depreciation and amortization ("EBITDA") targets over 12- and 24-month periods.
Vertiv Announces Agreement to Acquire UtilityInnovation Group to Accelerate Time to Power for AI Data Centers At the approximately $1.45 billion purchase price, the acquisition represents approximately 13x expected UIG 2027 EBITDA. The EBITDA multiple is anticipated to be significantly lower if the full earnout is paid. Vertiv expects the acquisition to be accretive to adjusted earnings per share in the first year following completion. Strategically, the acquisition extends Vertiv upstream to the grid interconnect, adding microgrid controls, onsite generation and energy storage orchestration, and behind-the-meter power architecture. These capabilities are expected to help data center operators secure power faster as grid constraints increasingly limit AI infrastructure deployment.
As power availability becomes a more critical factor in data center development, architecture decisions are moving earlier in the planning process. Microgrid systems can coordinate onsite generation and energy storage, reduce reliance on utility power and support the grid when needed. This is expanding the importance of power architecture at the earliest stages of site development, when decisions can have significant implications for downstream infrastructure.
"For AI data center operators, competitive advantage increasingly depends on how quickly they can move from site selection to first token," said Gio Albertazzi, Chief Executive Officer, Vertiv. "Vertiv has the most complete power and cooling portfolio in the industry. With UIG, we anticipate extending that portfolio upstream to the utility interconnect and onsite power sources, creating a coordinated architecture from source to chip without tying customers to a single generation technology or supplier."
Albertazzi continued: "Together, we anticipate being better positioned to support grid-connected sites, bridge-to-grid deployments and islanded sites supplied by onsite generation, while reducing complexity from site planning through rack-level deployment. This broader capability can help customers accelerate time to power and, ultimately, time to first token."
UIG Founder and CEO Sidney Hinton added: "UIG was founded to solve increasingly complex power challenges for data center operators through flexible, technology-agnostic architectures. Vertiv's global scale, critical infrastructure portfolio and service capabilities make it a strong strategic fit for what we have built. We believe this combination can expand the reach of UIG's microgrid controls and power architecture expertise and create greater value for customers as power becomes an increasingly critical constraint on data center growth."
Expanding Vertiv's Onsite Power Capabilities
UIG's expertise and technologies complement Vertiv's existing offerings:
Experience: Design and delivery of microgrid systems for AI data center operators across the United States and Europe, supported by extensive utility relationships and experience with complex, large-scale deployments. UIG's designs are generation-agnostic, allowing architectures to be built around the technologies a site can permit, fuel and finance. Expertise: Behind-the-meter power architecture design that engages customers at the earliest planning stages, before equipment is selected. This enables Vertiv to help define the power blueprint that shapes downstream infrastructure decisions, supported by pre-validated reference designs for grid-connected, bridge-to-grid and islanded sites. Technology: Proprietary controls platform and pre-engineered microgrid switchgear that orchestrate multiple power sources in real time and coordinate them with the critical power train. Today, Vertiv brings deep systems and controls expertise across the critical power train, supported by an end-to-end power and cooling portfolio and global service network. Combined with UIG, Vertiv expects to help customers design and deploy integrated power architectures that improve speed, resiliency, efficiency, and flexibility.
Expected customer and operator benefits include:
Faster access to power with less dependence on utility interconnection timelines Ability to scale site capacity beyond what the grid alone can provide A single accountable relationship from grid interconnect through rack-level infrastructure Together, these capabilities are expected to give customers greater flexibility in how they source, manage and scale power as data center requirements evolve.
About UIG
Founded in 2020, UIG is headquartered in Raleigh, North Carolina, with European headquarters in Dublin, Ireland, and manufacturing operations in North Carolina and New Jersey. The company designs and delivers power systems that support real-time load and frequency balancing across behind-the-meter systems and utility-connected energy resources, helping address the power demands of AI data center workloads. Its solutions include proprietary controls software, customized microgrid switchgear and energy storage.
The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the fourth quarter of 2026.
J.P. Morgan Securities LLC is acting as financial advisor to Vertiv, and Buchanan Ingersoll & Rooney PC is serving as legal counsel. Morgan Stanley & Co. LLC is acting as financial advisor to UIG, and Davis Polk & Wardwell LLP is serving as legal counsel.
For more information on Vertiv's leading portfolio of power and thermal management, infrastructure solutions, IT systems, and services for critical digital applications, visit Vertiv.com.
About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.
Category: Financial News
Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Those risk factors and risks related to the transaction, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: the timing and consummation of the proposed transaction; the risk that the closing does not occur; expected expenses related to the transaction; the possible diversion of management time on issues related to the transaction; the ability of Vertiv to maintain relationships with customers and suppliers of UIG; the ability of Vertiv to retain management and key employees of UIG; and whether Vertiv would realize anticipated synergies and accretion contemplated by the acquisition. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E: [email protected]
For media inquiries, please contact:
Ruder Finn for Vertiv
E: [email protected]
AI a datová centra zvyšují poptávku po průmyslových firmách; Eaton, Vertiv a Cummins dodávají napájení, chlazení a záložní energii. Eaton i Vertiv zároveň zvýšily celoroční výhled.
Artificial intelligence (AI) has been the main driver of the stock market this year, with investors piling into mega-cap technology companies tied to AI, data centers, cloud computing, and semiconductors.
This trend overlooks a key sector that is benefiting from AI and the growth of data centers -- industrials.
They're considered cyclical and traditional stalwarts, maybe a little boring, but they are key enablers of AI growth. On top of that, many industrial stocks still have attractive valuations.
That's particularly true of the picks-and-shovels companies supplying grid equipment, HVAC/cooling, switchgear, and construction for AI growth. Many of these companies are also aided by trends in global grid modernizations, reshoring, and energy transition. Here are three industrial winners hiding in plain sight: Eaton Corporation (ETN -3.19%), Vertiv Holdings (NYSE: VRT) , and Cummins (CMI -1.57%).
Image source: Getty Images.
Eaton helps connect data centers to the electrical grid Eaton is an Ireland-based company that makes products for the data center, utility, industrial, commercial and institutional, machine building, residential, aerospace, and mobility markets. Its products connect data centers directly to the electrical grid.
On Aug. 17, Eaton announced a partnership with Trane (TT -1.18%) to develop an integrated design based on Nvidia's (NVDA -4.58%) DSX AI factory reference design. The collaboration will develop higher-power designs tailored for AI data centers.
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In the second quarter, its sales rose 21% year over year to $8.53 billion. The company's order backlog grew by 43% in the electrical sector and by 23% in its aerospace segment. Adjusted earnings per share (EPS) were a record $3.15, up 12% over the same period a year ago.
The company is forecasting full-year organic revenue growth between 11% and 13% and adjusted EPS between $13.40 and $13.60, up from $12.07 in 2025. Despite a 28% rise this year in its share price, the stock is still trading at about 30 times forward earnings, a bargain for an AI stock.
Eaton completed two major acquisitions this year. It bought Boyd Thermal for $9.55 billion, adding a company whose liquid cooling solutions and thermal management are complementary to Eaton's electrical and power work for data centers. It also paid $1.53 billion for Ultra PCS Limited, which provides control systems, specialized electronics, and power management for aerospace applications.
Those moves have temporarily lowered Eaton's earnings under generally accepted accounting principles (GAAP) and increased its long-term debt by 112% to $18.5 billion. However, those concerns are somewhat mitigated by the planned spinoff of its mobility business unit, which provides Eaton with $1.1 billion to pay down debt and allows it to focus on its more profitable electrical and aerospace sectors. Eaton's dividend, which has a yield of about 1.1% and has risen by 54% during the past decade, is well-covered with a payout ratio of about 52%.
Vertiv is a cool below-the-radar choice High-powered graphics processing units (GPUs), such as AI chips, generate extreme heat. This makes traditional air conditioning insufficient, thereby driving demand for specialized liquid cooling and industrial HVAC equipment. Vertiv, based in Westerville, Ohio, specializes in data center power management and liquid cooling solutions.
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The company is starting to draw attention, and its shares are up more than 60% this year. Vertiv is a direct market leader in liquid-to-liquid and direct-to-chip liquid cooling architectures, making its technology an essential component for hyperscalers such as Nvidia, Microsoft (MSFT +1.68%), and Amazon (AMZN +3.97%) as they deploy high-density AI clusters.
Vertiv reported Q2revenue of $3.27 billion, up 24% year over year. EPS rose 53% from a year earlier to $1.27, and adjusted diluted EPS grew 60% to $1.52. Management also raised its full-year net sales projection to $14 billion, up 31% at the midpoint from 2025, and said full-year EPS would be $5.82 to $5.92, up 72% at the midpoint over 2025.
Cummins keeps the lights on for data centers Cummins, based in Columbus, Indiana, provides heavy standby power systems and generation equipment for large data centers, using advanced diesel, natural gas, hybrid, electric, and fuel cell technologies. Its shares have only risen 13% this year despite strong revenue and earnings growth.
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In Q2, it reported revenue of $9.5 billion, up 9.4% year over year, and EPS of $6.73, up 4.6%. The company's stock is trading for less than 30 times trailing earnings and for less than 20 times forward earnings. It is predicting full-year sales to climb between 10% and 13%.
It also has the best dividend yield among the three stocks, at 1.5%, based on its current share price. The company has raised its dividend for 17 consecutive years, including a 9.8% increase this year to $2 a share.
AI growth without the volatility Although mega-cap tech and semiconductor stocks have dominated headlines during the market's AI rally, picks-and-shovels AI stocks are leveraging physical constraints into substantial revenue growth while offering investors lower valuation multiples and steady dividend returns.
Eaton and Vertiv lead the charge inside and outside the modern server farm. Eaton has positioned itself as an essential bridge between data centers and the electrical grid. Meanwhile, Vertiv offers exposure to high-density thermal management, where traditional air conditioning fails. Cummins provides the crucial emergency power and grid stabilization necessary to keep mission-critical facilities online. All three stocks illustrate how value-oriented investors can capture structural AI tailwinds without overpaying for hyper-growth technology plays.
Vertiv zvýšil celoroční výhled pro rok 2026: tržby nyní čeká na úrovni 13,8 až 14,2 miliardy USD a upravený zisk na akcii na úrovni 6,65 až 6,75 USD. Zároveň za druhé čtvrtletí překonal odhady zisku a tržby meziročně vzrostly o 24,1 % na 3,27 miliardy USD.
A month has gone by since the last earnings report for Vertiv Holdings Co. (VRT - Free Report) . Shares have added about 18.4% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Vertiv due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Vertiv Q2 Earnings Beat Estimates, Net Sales Rise Year over YearVertiv Holdings delivered second-quarter 2026 adjusted earnings of $1.52 per share, up 60% year over year. The results beat the Zacks Consensus Estimate by 6.29%, supported by higher sales volume, operating productivity and margin expansion.
Net sales increased 24.1% year over year to $3.27 billion but missed the consensus estimate by 3.41%. Organic sales rose 18%, while acquisitions and favorable foreign exchange contributed 5% and 1%, respectively.
VRT’s Regional Sales Show Broad-Based GrowthAmericas net sales rose 29% year over year to $2.07 billion, with organic growth of 21%. Management said that minor timing shifts tied to temporary supply-chain congestion and multi-phased project execution affected second-quarter revenues, but expects the associated delays to resolve in the second half of 2026.
Asia Pacific sales advanced 29% year over year to $720 million, including 26% organic growth. Europe, the Middle East and Africa (EMEA) sales increased 2% year over year to $484 million, while organic sales declined 2%. Vertiv expects strengthening demand and pipeline conversion to return EMEA to organic growth in the second half.
Vertiv’s Revenue Mix Highlights Service MomentumProduct revenues increased 22.2% year over year to $2.65 billion, accounting for about 81% of total sales. Service revenues climbed 32.9% year over year to $627.6 million, outpacing product growth and reflecting demand across Vertiv's installed infrastructure base.
The company highlighted strong global pipeline momentum and expects another year of robust order growth. Management cited accelerating activity in the Americas, improving momentum in EMEA and broad-based strength across APAC. Pricing is expected to remain favorable and exceed inflation in 2026.
VRT’s Profitability Expands on Operating ExecutionSelling, general and administrative expenses increased 25% year over year to $494.4 million.
Adjusted operating profit surged 51% year over year to $738 million, exceeding the midpoint of guidance by $28 million.
Adjusted operating margin expanded 410 basis points to 22.6% and came in 140 basis points above guidance. Operational execution, productivity and favorable price-cost performance drove the improvement, partly offset by tariff impacts and continued investments in capacity and engineering research and development.
Americas adjusted operating profit increased 48.6% year over year to $571 million. APAC’s adjusted operating profit surged 61.5% to $96 million, while EMEA’s adjusted operating profit rose 19.2% to $124 million.
Vertiv’s Cash Flow Strengthens Financial FlexibilityAs of June 30, 2026, cash and cash equivalents were $2.81 billion, $300 million in short-term investments and $2.94 billion in long-term debt. Liquidity totaled $5.6 billion, while net leverage was negative 0.1 times, reflecting a net cash position.
Net cash provided by operating activities totaled $1.10 billion compared with $322.9 million a year earlier. Adjusted free cash flow increased 234% to $925 million, aided by higher adjusted operating profit, working-capital efficiency and lower cash interest.
VRT’s AI Investments Support Capacity ExpansionCapital expenditures are expected to reach about 4% of 2026 sales, the high end of management's range. Vertiv is expanding manufacturing capacity globally while investing in future power architectures, advanced thermal systems, services and converged infrastructure for next-generation AI data centers.
The company is also advancing power systems that support both traditional alternating-current infrastructure and emerging 800-volt direct-current designs. Its thermal portfolio includes closed-loop cooling and fluid-management services intended to reduce ongoing water usage and lower water needs during data-center commissioning.
Vertiv Raises 2026 Guidance Across Key MetricsFor the third quarter of 2026, Vertiv expects net sales of $3.65 billion to $3.85 billion and adjusted earnings of $1.77 to $1.83 per share. Adjusted operating profit is projected to be between $898 million and $938 million, with an adjusted operating margin of 24% to 25%.
For 2026, net sales are now forecasted to be in the range of $13.8 billion to $14.2 billion, up $250 million at the midpoint from the prior guidance. Adjusted earnings are projected to be in the range of $6.65 to $6.75 per share, while adjusted operating profit is expected to be between $3.29 billion and $3.37 billion. Adjusted free cash flow guidance was raised to $2.4 billion-$2.6 billion.
How Have Estimates Been Moving Since Then?It turns out, estimates review flatlined during the past month.
VGM ScoresCurrently, Vertiv has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. Following the exact same course, the stock has a grade of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook Vertiv has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerVertiv belongs to the Zacks Computers - IT Services industry. Another stock from the same industry, ServiceNow (NOW - Free Report) , has gained 25.8% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
ServiceNow reported revenues of $3.99 billion in the last reported quarter, representing a year-over-year change of +24%. EPS of $0.90 for the same period compares with $0.82 a year ago.
ServiceNow is expected to post earnings of $1.03 per share for the current quarter, representing a year-over-year change of +7.3%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged.
ServiceNow has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of F.
Key Takeaways Vertiv lifted adjusted operating margin to 22.6% as sales rose 24% in the second quarter of 2026. Vertiv expects third-quarter adjusted margins of 24%-25%, backed by growth, leverage and productivity. Amphenol's margin reached 29.8%, while Super Micro Computer's rose to 14.3% in fiscal 2026. Vertiv (VRT - Free Report) is benefiting from significant margin gains, positioning itself as a formidable competitor in the data center infrastructure sector from companies like Amphenol (APH - Free Report) and Super Micro Computer (SMCI - Free Report) . In the second quarter of 2026, the company reported an adjusted operating margin of 22.6%, a substantial increase of 410 basis points year over year and well above its previous guidance. This margin expansion was driven by disciplined operational execution, productivity improvements and favorable price-cost dynamics, partially offset by tariff impacts.
VRT’s robust margin performance is underpinned by strong sales growth across key regions. Net sales in the second quarter of 2026 were up 24% compared to the prior year, with the Americas and APAC regions each growing by 29%. The EMEA region returned to positive sales growth, further supporting the company’s global momentum.
When comparing Vertiv to peers like Amphenol and Super Micro Computer, Vertiv’s margin gains and operational momentum stand out. While Amphenol and Super Micro Computer are also benefiting from secular trends in data center and AI infrastructure, Vertiv’s focus on end-to-end solutions for power and thermal management, as well as its ability to scale complex projects globally, provides it with a unique competitive edge. Vertiv’s collaboration with NVIDIA and VisionBay AI in Taiwan showcases its leadership in deploying both AC and 800-volt DC architectures, which increases Vertiv’s content opportunity per megawatt and differentiates it from competitors.
Vertiv remains confident in the persistence of strong operating margins. For the third quarter of 2026, adjusted operating profit is projected to be between $898 million and $938 million, with an adjusted operating margin of 24% to 25%, supported by organic growth, operating leverage and productivity. Regional manufacturing, supply chain actions and disciplined capacity investment remain key to sustaining the margin trajectory as projects scale. Management raised 2026 adjusted operating margin guidance to 23.3%-24.3% and expects pricing to exceed inflation, including current tariffs and countermeasures.
How Competitors Fare Against VRTVertiv’s AI infrastructure solutions are facing increasing competition from Amphenol and Super Micro Computer. Both Amphenol and Super Micro Computer are expanding their offerings to support high-density, AI-driven data center deployments.
Amphenol is benefiting from a significant expansion in its operating margins. In the second quarter of 2026, adjusted operating income was $2.61 billion, up 80.2% year over year. Adjusted operating margin improved 420 basis points (bps) year over year to 29.8%, driven by robust operating leverage on significantly higher sales volumes. A major factor behind this margin expansion is Amphenol’s broad-based growth across diverse end markets. In the second quarter of 2026, IT datacom represented about 43% of sales and grew 63% organically year over year.
Super Micro Computer is evolving from just a server and hardware vendor into a full IT solutions provider. Products like DCBBS (Data Center Building Block Solutions) bundle hardware, software, cooling, networking and support into complete systems. This strategy increases revenue per deal and improves margins. In the fourth quarter of fiscal 2026, non-GAAP operating margin increased to 14.3% from 7.2% in the previous quarter.
Vertiv’s Share Price Performance, Valuation, and EstimatesVRT’s shares have surged 63.3% year to date compared with the broader Zacks Computer & Technology sector’s 15.8% rise. The Zacks Computers - IT Services industry declined 14.1% over the same period.
VRT Stock Performance
Image Source: Zacks Investment Research
Vertiv stock is trading at a premium, with a trailing 12-month Price/Book of 21.41X compared with the Computer and Technology sector’s 8.48X. VRT has a Value Score of D.
VRT Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $6.64 per share, which has increased 3.58% over the past 30 days. This indicates a 58.10% increase from the year-ago quarter.
Vertiv currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Allworth Financial LP decreased its position in Vertiv Holdings Co. (NYSE:VRT – Free Report) by 63.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 16,852 shares of the company’s stock after selling 29,684 shares during the period. Allworth Financial LP’s holdings in Vertiv were worth $5,642,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of VRT. Vermillion & White Wealth Management Group LLC boosted its position in Vertiv by 58.3% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 152 shares of the company’s stock valued at $25,000 after purchasing an additional 56 shares during the last quarter. Sankala Group LLC bought a new position in shares of Vertiv in the fourth quarter valued at $27,000. Meeder Asset Management Inc. increased its holdings in Vertiv by 211.3% during the fourth quarter. Meeder Asset Management Inc. now owns 165 shares of the company’s stock worth $27,000 after buying an additional 112 shares during the last quarter. Rossby Financial LCC acquired a new position in Vertiv during the fourth quarter worth $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Vertiv during the fourth quarter worth $29,000. Institutional investors and hedge funds own 89.92% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Bank of America lifted their price objective on shares of Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings downgraded shares of Vertiv from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. JPMorgan Chase & Co. lifted their price target on Vertiv from $305.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Fox Advisors raised Vertiv from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, Royal Bank Of Canada dropped their price objective on Vertiv from $418.00 to $337.00 and set an “outperform” rating on the stock in a research note on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $357.83.
Read Our Latest Report on VRT
Vertiv Stock Performance
Shares of Vertiv stock opened at $264.25 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The company has a market cap of $101.73 billion, a PE ratio of 59.79, a price-to-earnings-growth ratio of 1.07 and a beta of 2.06. The company has a 50 day moving average of $295.45 and a 200-day moving average of $287.04. Vertiv Holdings Co. has a 1-year low of $118.70 and a 1-year high of $379.93.
Vertiv (NYSE:VRT – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.43 by $0.09. The business had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.38 billion. Vertiv had a net margin of 15.09% and a return on equity of 50.47%. The firm’s revenue was up 24.1% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co. will post 6.7 earnings per share for the current fiscal year.
Vertiv Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio is currently 5.66%.
Vertiv Profile
(Free Report)
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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Výstavba AI datových center žene poptávku po serverech, sítích, optice, napájení a chlazení. Hyperscaleři mají v roce 2026 utratit za capex 720–745 miliard USD.
Key Takeaways AI data center expansion is driving demand for servers, networking, optics, power and cooling systems.Hyperscalers are expected to spend $720B-$745B on 2026 capex, much of it on AI infrastructure.Dell, Celestica, Lumentum and Vertiv each target a different layer of AI data center infrastructure. Artificial intelligence (AI) is rapidly becoming one of the biggest investment themes in technology, but the opportunity extends far beyond chipmakers. As hyperscalers race to build AI infrastructure, they need much more than advanced processors. They require servers, networking systems, optical components, power equipment, cooling systems and other critical data center infrastructure.
This creates an attractive opportunity for investors looking beyond traditional semiconductor stocks. Amazon, Alphabet, Microsoft and Meta Platforms are expected to spend roughly $720 billion to $745 billion on capital expenditures in 2026, with a large portion directed toward AI infrastructure. The scale of this spending is creating a powerful demand environment for companies that help build and operate AI data centers.
Against this backdrop, Dell Technologies Inc. (DELL - Free Report) , Celestica Inc. (CLS - Free Report) , Lumentum Holdings Inc. (LITE - Free Report) and Vertiv Holdings Co. (VRT - Free Report) stand out as four stocks positioned to benefit from the expansion of AI infrastructure.
Dell Technologies offers exposure to AI servers, Celestica benefits from data center connectivity and systems, Lumentum provides critical optical technologies, while Vertiv addresses power and cooling requirements. Their businesses are different, but they share one important growth driver — the rapid expansion of AI infrastructure.
For investors looking beyond semiconductor stocks, these four companies offer diversified ways to participate in the AI data center boom. The key question is no longer simply which company makes the best AI chip, but which businesses provide the infrastructure needed to deploy those chips at massive scale.
These stocks have a favorable combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or #2 (Buy), offering solid investment opportunities.
Dell Technologies: Riding on the AI Server BoomDell Technologies is becoming an increasingly important beneficiary of the AI data center buildout because its portfolio extends beyond traditional personal computers (PCs) into servers, storage and infrastructure solutions. Its AI-optimized servers are particularly well-positioned as enterprises and hyperscalers expand computing capacity.
The company's recent results highlight the strength of this opportunity. Dell Technologies reported record quarterly revenues of $43.84 billion in the first quarter of fiscal 2027, up 88% year over year. The company generated $16.1 billion in AI server revenues during the first quarter and received record AI server orders worth $24.4 billion. Buoyed by strong quarterly performance, the company raised its AI server revenue expectations for fiscal 2027 to about $60 billion.
With hyperscalers and enterprises continuing to expand AI computing capacity, Dell Technologies has a strong opportunity to convert its growing AI server pipeline into sustained revenue and earnings growth. Its AI server backlog stood at $51.3 billion at the end of the first quarter.
The Zacks Consensus Estimate for Dell Technologies’ fiscal 2027 revenues and earnings per share (EPS) indicates year-over-year increases of approximately 54.6% and 86%, respectively. DELL currently sports a Zacks Rank #1 and has a Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
Celestica: A Key Link in AI InfrastructureCelestica is another under-the-radar beneficiary of AI data center expansion. The company provides data center infrastructure and advanced technology solutions, including connectivity, servers and storage systems. This makes its Connectivity & Cloud Solutions (“CCS”) business particularly relevant to the AI infrastructure cycle.
Celestica's financial performance shows how rapidly demand is accelerating. Second-quarter 2026 revenues jumped 62% year over year to $4.70 billion, while adjusted EPS surged 83% to $2.54. Robust momentum in the CCS business remained the primary growth driver. CCS revenues soared 84% year over year to $3.81 billion, reflecting sustained strength in data center infrastructure demand.
Celestica also raised its full-year 2026 revenue outlook to $20.5 billion from the earlier projection of $19 billion and adjusted EPS forecast to $11.30 from $10.15. The updated guidance for revenue and adjusted EPS indicates year-over-year growth of 65% and 87%, respectively.
CLS expects growth to accelerate further in 2027, supported by new programs and improved visibility with customers. Its close relationships with large cloud and data center customers, including Google, Meta Platforms, Amazon and Microsoft, could give Celestica considerable visibility as AI infrastructure investments continue.
For investors seeking exposure to the physical infrastructure behind AI without directly owning a chipmaker, CLS offers an increasingly compelling avenue. The Zacks Consensus Estimate for Celestica’s 2026 revenues and EPS indicates year-over-year increases of approximately 64.3% and 78.5%, respectively. CLS currently sports a Zacks Rank #1 and has a Growth Score of A.
Lumentum: Powering Faster AI NetworksAI data centers need enormous amounts of data to move rapidly between processors, memory and other systems. This makes high-speed optical connectivity increasingly important, creating a significant opportunity for Lumentum. The company develops optical components and systems used in advanced data center networks. Its opportunity is expanding as AI clusters become larger and require faster, more efficient connections.
Lumentum's fourth-quarter fiscal 2026 net revenues reached a record $1.01 billion, more than doubling from $480.7 million a year earlier, propelled by surging cloud and AI demand. Systems revenues came in at $356.9 million, rising 29.7% sequentially and 122.6% year over year. Cloud transceivers and Optical Circuit Switching were the main sequential growth drivers, with factories executing against aggressive production plans despite pockets of component supply tightness.
Lumentum expects continued growth momentum, at least in the near term. The midpoints of revenues and adjusted EPS guidance range for first-quarter fiscal 2027 indicate a year-over-year increase of 130% and 282%, respectively.
Management’s first-quarter guidance is supported by continued EML (Electro-absorption Modulated Laser) growth, scale-across components like pump and narrow linewidth lasers and a ramp-up in 1.6T transceivers. The company's strategic importance is further highlighted by NVIDIA’s commitment to invest $2 billion in Lumentum while promising multiyear purchases and capacity access for advanced laser components.
As AI clusters scale, demand for higher-speed optical connections should increase, giving Lumentum a potentially powerful long-term growth runway. The Zacks Consensus Estimate for the company’s fiscal 2027 revenues and EPS suggests year-over-year increases of approximately 106.3% and 115.8%, respectively. LITE currently carries a Zacks Rank #2 and has a Growth Score of A.
Vertiv: The Power and Cooling PlayBuilding more AI data centers creates another challenge of keeping increasingly powerful computing systems supplied with electricity and operating at safe temperatures. This is where Vertiv plays a critical role.
Vertiv provides power management, thermal management and other critical digital infrastructure solutions used inside data centers. Its products are becoming increasingly important as AI workloads drive higher rack densities and greater power consumption.
The company's second-quarter 2026 revenues increased 24% year over year to $3.27 billion, while adjusted EPS jumped 60% to $1.52. Strong demand and expanding customer pipelines prompted Vertiv to raise its full-year 2026 revenue guidance range to $13.8-$14.2 billion from $13.5-$14 billion projected earlier. Adjusted EPS is now expected to be in the range of $6.65-$6.75, up from the previous forecast of $6.30-$6.40.
The company’s robust top-line growth suggests that AI-related infrastructure spending is translating into real demand for power and cooling equipment. As AI data centers become larger and more energy-intensive, Vertiv could remain a major beneficiary.
The Zacks Consensus Estimate for Vertiv’s 2026 revenue and EPS indicates year-over-year increases of approximately 36.6% and 58.1%, respectively. VRT currently carries a Zacks Rank #2 and has a Growth Score of A.
Vertiv ve 2. čtvrtletí zvýšil čisté tržby o 24 % meziročně a pro 3. čtvrtletí vyhlíží tržby 3,65 mld. až 3,85 mld. USD. Růst táhne poptávka po AI datových centrech.
Key Takeaways Vertiv's Q2 2026 net sales rose 24%, with Americas and APAC sales each climbing 29%. Vertiv expanded global capacity while advancing AC, 800V DC, cooling, and fluid management solutions. Vertiv expects Q3 2026 net sales of $3.65B-$3.85B as AI data center demand supports its growth. Vertiv (VRT - Free Report) is benefiting from the explosive growth in AI-driven data centers, which is fueling robust demand for its power, thermal and infrastructure solutions. The company is benefiting from robust demand across its core markets, particularly in the Americas and APAC regions. In the second quarter of 2026, net sales increased 24% year over year, with the Americas and APAC both growing 29%. EMEA also returned to positive net sales growth.
This broad-based demand is driven by accelerating digital transformation and the expansion of data centers, both of which require Vertiv’s advanced power and thermal management solutions. The company’s strong pipeline and accelerating sales cycles, especially among hyperscalers, enterprise and colocation customers, have underpinned this growth.
The company has rapidly expanded its global manufacturing footprint by adding new capacity in Malaysia, expanding five large plants in the Americas and increasing chiller capacity in EMEA. These investments have enabled Vertiv to deliver increasingly complex data center infrastructure solutions at scale, positioning the company as a leader in supporting next-generation AI data centers.
Vertiv’s differentiated technology portfolio is another pillar of its growth. The company is at the forefront of power architecture evolution, supporting both AC and emerging 800V DC solutions. Collaborations with industry leaders like NVIDIA and Foxconn’s VisionBay AI have resulted in landmark projects, such as Taiwan’s first AI data center featuring NVIDIA GB300 and the world’s first AI data center adopting 800V DC architectures. Vertiv’s advanced cooling and fluid management technologies, including closed-loop systems and PurgeRite NearZero, further set it apart by enabling nearly zero water consumption, a critical advantage for sustainable, high-density AI data centers.
Vertiv’s expanding AI data center footprint and manufacturing capacity signal further upside potential. For the third quarter of 2026, Vertiv expects net sales of $3.65 billion to $3.85 billion.
VRT Suffers From Stiff CompetitionVertiv’s AI infrastructure solutions are facing increasing competition from Super Micro Computer (SMCI - Free Report) and Amphenol (APH - Free Report) . Both companies are expanding their offerings to support high-density, AI-driven data center deployments.
Super Micro Computer expanded its Data Center Building Block Solutions portfolio with 10 precision-engineered rack models designed for high-density AI data centers. Available in 44OU, 48U, 48OU, and 52U configurations, the racks feature factory pre-assembly and modular designs to accelerate deployment and reduce time-to-online. They support advanced liquid-cooling technologies and are certified for static loads exceeding 5,500 pounds. Super Micro Computer highlighted that its global manufacturing operations can produce up to 3,000 advanced racks per month, including 2,000 liquid-cooled units, thereby supporting faster deployment of scalable AI infrastructure worldwide.
Amphenol is benefiting from the surge in demand for AI infrastructure, which has become a transformative force for the company’s growth and market positioning. In the second quarter of 2026, IT datacom represented about 43% of sales and grew 63% organically year over year. This robust performance was driven by accelerating investments in AI data centers and Amphenol’s ability to capture a significant share of this unique interconnect opportunity.
Vertiv’s Share Price Performance, Valuation, and EstimatesVRT’s shares have surged 66.8% year to date compared with the broader Zacks Computer & Technology sector’s 18.1% rise. The Zacks Computers - IT Services industry declined 15.6% over the same period.
VRT Stock Performance
Image Source: Zacks Investment Research
Vertiv stock is trading at a premium, with a trailing 12-month Price/Book of 21.86X compared with the Computer and Technology sector’s 10.76X. VRT has a Value Score of F.
VRT Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $6.64 per share, which has increased 3.58% over the past 30 days. This indicates a 58.10% increase from the year-ago quarter.
Vertiv currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Vertiv v červenci spadl o 27,9 %, i když ve 2. čtvrtletí tržby vzrostly o 24 % na 3,72 miliardy USD a upravený zisk na akcii o 60 % na 1,52 USD. Firma navíc zvýšila výhled tržeb pro 3. čtvrtletí o 400 milionů USD a pro celý rok o 250 milionů USD (na mediánu rozpětí).
Shares of AI infrastructure provider Vertiv (VRT -0.84%) plunged 27.9% in July, according to data from S&P Global Market Intelligence.
Vertiv is one of the main infrastructure suppliers for AI data centers, supplying electricity and water-cooling systems that are becoming increasingly important as the latest AI-powered chips consume more energy.
The company delivered what appeared to be a solid earnings report toward the end of the month. Still, the report wasn't "perfect," and Vertiv appeared to get caught up in the negative sentiment surrounding AI semiconductors in July, following a huge run-up in their stock prices during the first half of the year.
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Vertiv posts strong growth, but not enough for skittish investors In July, market sentiment turned sharply negative toward AI-related semiconductor stocks and "AI-adjacent" industrial stocks that serve AI data centers, such as Vertiv.
A combination of prominent short-seller Michael Burry promoting his short bets against AI stocks, the release of China's Kimi 3 open-weight model, and the "blow-up" of AI-focused hedge fund Situational Awareness conspired to send virtually all AI stocks into a tailspin in July.
Vertiv is seen as a key player within the AI data center build-out, providing electrical systems and cooling systems, so it wasn't spared. The predictably negative reaction to a fairly strong but imperfect earnings report at the end of the month capped off a brutal month.
In the second quarter, Vertiv's revenue grew 24% to $3.72 billion, while adjusted (non-GAAP) earnings per share surged 60% to $1.52 per share. While earnings growth beat Wall Street's expectations, even the robust 24% revenue growth figure fell slightly short. Vertiv had grown 30% in its prior quarter, so perhaps that imperfection caused the post-earnings sell-off, as investors were in an unforgiving mood.
Image source: Getty Images.
But the pessimism seems misplaced The good news for investors is that the "disappointing" second-quarter revenue appears to be due to timing issues rather than a lack of demand. Vertiv forecasts revenue to reaccelerate in the second half of the year, raising third-quarter revenue guidance by $400 million and full-year guidance by $250 million at the midpoint of the range. That implies some revenue spilled from the second quarter to the third quarter, while the overall outlook for the full year actually improved.
2026 adjusted earnings per share are now expected to be $6.70 at the midpoint of the new guidance, putting the current stock price at 40 times this year's earnings expectations.
That seems like a steep price to pay for an industrial stock; however, with the AI build-out continuing and large cloud giants raising billions in new capital to fund it, it doesn't appear that Vertiv's growth will slow anytime soon.
Chip and memory stocks have grabbed the headlines, but one of the best-kept secrets in the artificial intelligence (AI) boom are the companies easing the power bottleneck. Vertiv (VRT -1.01%) is a leader in delivering power and cooling solutions for data centers and other markets, and demand for its technology is booming.
There's a looming shortage of electricity to support data center expansion and rising chip density inside these "AI factories." That's why leading cloud companies are investing not only in chips but also in power management systems that squeeze more compute out of every watt. That shift is already helping drive consistent 20%-plus quarterly revenue growth for Vertiv, with more runway ahead.
Image source: Getty Images.
Solving the power shortage Vertiv's trailing-12-month revenue has nearly doubled over the past three years to $11.5 billion. Analysts expect that growth to continue, with consensus estimates pointing to revenue approaching $22 billion by 2028.
The tailwind is simple: Data centers must extract every possible ounce of efficiency from limited power. Bank of America analysts project the U.S. will need more than 230 gigawatts of new generating capacity over the next five years -- more than double what utilities are expected to deliver. That gap helps explain why companies addressing the constraint, including Vertiv, could be among the most underappreciated ways to play the AI boom.
With power becoming scarcer, hyperscalers have to get more out of every megawatt already in their data centers -- a bullish setup for Vertiv. "We see a demand environment that continues to grow, and we continue to invest ahead of it -- planting seeds now that we expect to compound for years to come," Executive Chairman Dave Cote said.
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Why Vertiv stock remains a buy Vertiv's revenue grew 24% year over year in the second quarter, but another underappreciated part of the story is margin upside. Its adjusted operating margin in 2025 was about 20%, and management's full-year 2026 guidance implies 23.8% at the midpoint.
As revenue scales, the company can spread fixed costs across a larger base, supporting margin expansion and faster earnings growth. The stock looks pricey at a forward price-to-earnings ratio of 41, but that valuation is backed by analysts projecting roughly 37% annualized earnings growth over the next several years.
While Vertiv faces competition from larger players like Schneider Electric and Eaton, its advantage lies largely in switching costs. Once a data center installs power systems, replacing them is time-consuming and expensive, effectively locking in the customer.
As AI adoption continues to grow, increasingly complex chip configurations in data centers will require advanced thermal management. This makes Vertiv an excellent stock to profit from the growth in AI infrastructure.
John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Eaton Plc, Schneider Electric, and Vertiv. The Motley Fool has a disclosure policy.
Vertiv vykázal ve 2. čtvrtletí tržby ve výši 3,27 miliardy USD, meziročně o 24,12 % více, a volný peněžní tok vyskočil o 234,04 %. Firma těží z prudce rostoucí poptávky po AI a datových centrech.
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Vertiv (NYSE:VRT | VRT Price Prediction) and Eaton (NYSE:ETN) both reported Q2 2026 last week, framing a fascinating split. Vertiv is refining itself into a pure-play, AI-native answer to Schneider Electric’s EcoStruxure model. Eaton is reshaping a 112-year-old industrial conglomerate around the same data center thesis using acquisitions and a Mobility spin-off.
AI Infrastructure Lifts One. A Portfolio Reset Lifts the Other. Vertiv posted revenue of $3.27 billion, up 24.12%, with adjusted operating margin expanding 410 basis points to 22.6% and free cash flow leaping 234.04%. Americas revenue jumped 29.2% as hyperscale power and thermal orders compounded. CEO Giordano Albertazzi told investors “Demand for AI and general compute continues to intensify and with each technology advancement, deployments grow more complex and more infrastructure-intensive.”
Eaton delivered $8.53 billion in revenue, 14% organic growth plus 7% from acquisitions, and adjusted EPS of $3.15. Electrical Global surged 44% as Boyd Thermal contributed its first full quarter, adding $432 million in revenue. Data center organic revenue climbed 65%. The tradeoff: segment margins slipped 80 basis points on acquisition dilution and long-term debt swelled to $18.5 billion from $8.8 billion.
Pure-Play Digital Twin vs. Grid-to-Chip Conglomerate The strategic divide is sharp. Vertiv is closing the historic software gap with Schneider Electric by pairing roughly 80% data center revenue concentration with AI-native digital twin software co-engineered alongside NVIDIA, without the legacy building or residential overhead. Eaton is assembling a “grid to chip” portfolio through the $9.55 billion Boyd Thermal deal, $1.53 billion Ultra PCS in aerospace, and a Reverse Morris Trust separation of Mobility with Dana expected to close Q1 2027.
Lens Vertiv Eaton Core Bet Pure-play AI power and thermal Diversified electrical plus aerospace FY26 Organic Guide 30-32% 11-13% Key Vulnerability EMEA softness, long sales cycles Integration debt, interest expense tripled The Next Test Is 800-Volt DC and Software Attach Watch whether Vertiv can convert its $6.65 to $6.75 EPS guide into a durable software attach story, especially as Q3 organic growth is guided at 34-36%. For Eaton, the tell will be whether Electrical Americas can sustain its 41% rolling order growth and progress on all four 800-volt DC building blocks. Reddit’s r/wallstreetbets crowd is leaning on Vertiv with a sentiment score of 85, though that is speculative energy, not fundamental conviction.
Why I Lean Toward Vertiv for AI Purity, Eaton for Ballast For the cleanest expression of the AI infrastructure buildout, Vertiv is the sharper instrument. Its 71.63% year-to-date move reflects that, though shares gave back 12.73% over the last month, so entry timing matters. Eaton fits better as ballast. The 26.92% one-year gain plus aerospace and utility exposure smooths the ride when AI capex debates intensify. I would wait on both if debt costs or EMEA weakness worsen. But right now, Vertiv looks like the purer bet and Eaton looks like the more forgiving one.
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Vertiv ve 2. čtvrtletí zvýšil tržby o 24 % na 3,27 mld. USD díky silné poptávce po datových centrech pro AI. Modine sice tržby v datovém segmentu zvedl o 90 %, ale marže klesla na 14,8 %.
Key Takeaways Vertiv is the scaled, profitable pure-play leader in AI data center power and cooling.VRT's second-quarter sales rose 24% to $3.27B as customers ramped infrastructure spending for AI.Modine's data center sales jumped 90%, but margins fell to 14.8% amid shortages and labor inefficiency. Artificial intelligence (AI) is driving expansion of data centers, bringing cooling and power infrastructure into sharper focus. This shift is creating opportunities for companies that supply the infrastructure behind modern data centers. Vertiv Holdings (VRT - Free Report) and Modine Manufacturing (MOD - Free Report) are two players positioned to benefit from this growing demand.
Both beat earnings in their latest quarterly releases. Modine reported adjusted earnings of $1.53 per share for the first quarter of fiscal 2027, up 44% year over year, beating the Zacks Consensus Estimate by 20.47%. Vertiv delivered second-quarter 2026 adjusted earnings of $1.52 per share, up 60% year over year, beating the Zacks Consensus Estimate by 6.29%.
While both companies are set to benefit from the AI-driven data center infrastructure boom, their positioning differs. Vertiv brings scale and integrated infrastructure capabilities, while Modine is sharpening its focus on thermal management solutions for data centers. Though smaller in scale, Modine is building a fast-growing cooling business that could reshape its growth trajectory in the coming years.
On a year-to-date basis, both stocks have performed well. Vertiv has gained 66% and Modine shares are up 51%.
Image Source: Zacks Investment Research
Still, one stock offers considerably stronger exposure to the AI data center space. Let's dive deeper into both stocks.
The Case for ModineModine's data center segment sales grew 90% year over year in the last reported quarter. This was the third straight quarter of record order intake, and backlog has nearly doubled over the past year, reflecting real, multi-year demand.That visibility is backed by contracts. Modine has locked in over $4 billion in Airedale chiller commitments running from calendar 2027 through 2029, with initial orders already flowing. Management reaffirmed guidance for 60-80% data center sales growth for fiscal 2027, segment earnings growth above 85%, and 50-70% organic growth in fiscal 2028.
The product pipeline supports that outlook. Modine's new 3-megawatt chiller packs 50% more cooling capacity into just a 9% larger footprint, and it's gaining traction across hyperscale, Neocloud and colocation customers. Deeper co-development with these customers also raises switching costs, which helps lock in future business.
That said, this growth is still concentrated in a handful of relationships. Management pointed to just three customers— two hyperscalers and one large Neocloud provider— as the primary drivers behind the recent surge in orders and backlog. That's a lot of near-term revenues riding on a small number of accounts, a sharper concentration risk than Vertiv's more diversified customer base.
Another key problem is margins. Component shortages hurt production and labor efficiency in the first quarter of 2027. Adjusted EBITDA margin for the segment fell to 14.8% from 22.1% a year earlier. Management attributes 450-550 basis points of that drop to excess labor and under-absorbed overhead from the supply disruption.
Modine is guiding a fast rebound— segment margin back to 19-20% by the second quarter. That’s a steep climb in a short window, and it leans heavily on supply normalizing on schedule. Pricing actions, surcharges and other commercial levers should help over time, but they do not fix cost pressure immediately, and any further commodity inflation or slow customer reimbursement could push the recovery timeline out further.Management itself has called the coming production ramp and capacity rollout a "heavy lift," as the company juggles component shortages and new manufacturing line activation.
Reflecting the execution risks, the Zacks Consensus Estimate for MOD's EPS has been revised downward recently.
Image Source: Zacks Investment Research
The Case for VertivVertiv's business is built entirely around what AI data centers need most— power and thermal management— unlike Modine, where data centers are just one (though fastest-growing) piece of a broader industrial portfolio.
Second-quarter 2026 net sales rose 24% year over year to $3.27 billion, driven by broad-based demand as hyperscalers, enterprise customers and colocation providers all ramped up infrastructure spending to keep pace with AI deployments. Rising rack density and faster build cycles are pushing customers toward the kind of advanced power and cooling systems Vertiv specializes in, and a strong sales pipeline with accelerating deal cycles has kept converting that demand into revenues.
Profitability moved in the right direction too. Adjusted operating margin came in at 22.6% in the second quarter, up 410 basis points year over year. Management guided 24-25% margin in the third quarter on the back of organic growth, operating leverage and further productivity improvements.
Vertiv has been expanding manufacturing capacity aggressively and globally. The company added new capacity in Malaysia, expanded five large plants across the Americas, and increased chiller production in EMEA. That footprint lets Vertiv deliver complex, large-scale infrastructure solutions.
Last month, Vertiv announced an expansion at its Tognana campus near Padua, Italy, for scaling up manufacturing and testing for AI-ready cooling systems. The project is set to double regional chiller production capacity by the end of 2026, with a large-scale testing lab coming in early 2027 to validate chillers working alongside liquid cooling systems under high-density AI workloads. The company is also working with NVIDIA and Foxconn's VisionBay AI on Taiwan AI data center deployments, including power, thermal and services for NVIDIA GB300 systems.
Together, the sales growth and capacity buildout point to more room to run. Vertiv guided third-quarter net sales of $3.65 billion to $3.85 billion, suggesting the momentum from the AI data center buildout isn't slowing down anytime soon.
Analysts seem to be growing more bullish on the stock, as reflected in rising consensus EPS estimates.
Image Source: Zacks Investment Research
Vertiv Has the EdgeModine's growth story is real, but it's still finding its footing at scale. Data center margins fell this quarter, and the promised rebound hinges on supply chains cooperating on a tight timeline. That's a lot of execution risk riding on one segment of a diversified business. MOD currently carries a Zacks Rank #3 (Hold).
Vertiv doesn't have that problem. It's already the scaled, pure-play leader in AI data center infrastructure. It has been expanding margins while growing revenues and backing it with real manufacturing capacity. Rising analyst estimates confirm the momentum.
For investors wanting AI data center exposure, VRT—which sports a Zacks Rank #1 (Strong Buy)— is the stronger pick.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Bitzero oznámila spolupráci s Vertiv, která má posílit její technické, inženýrské a dodavatelské kapacity pro AI, HPC a hyperscale datová centra. Vertiv přidá odborné znalosti v oblasti napájení, chlazení a nasazení infrastruktury.
Vancouver, British Columbia--(Newsfile Corp. - August 4, 2026) - Bitzero Holdings Inc. (Nasdaq: AIBZ) (CSE: AIBZ.U) (FSE: 000) ("Bitzero" or the "Company"), a provider of sustainable high-performance compute ("HPC") and AI data center infrastructure, today announced a collaboration with Vertiv, a global leader in critical digital infrastructure, further strengthening Bitzero's growing ecosystem of technical, engineering, and supply chain providers supporting the delivery of next-generation data center infrastructure.
Further to Bitzero's previously announced partnerships, Vertiv adds deep expertise in critical power, thermal management, and infrastructure deployment to support the design and delivery of AI, HPC, and hyperscale data centers. The relationship expands Bitzero's access to proven technologies and engineering capabilities that can help accelerate project execution while supporting performance, efficiency, and scalability requirements.
Vertiv technologies and expertise are expected to serve as a key pillar within Bitzero's broader execution platform, bringing global expertise in critical power and cooling systems, including advanced liquid cooling design and engineering capabilities required for modern AI and HPC environments. As compute density increases and customer requirements evolve, integrated end-to-end infrastructure systems and modular solutions are becoming increasingly central to the successful deployment of resilient, scalable, and efficient digital infrastructure, helping customers accelerate deployment and reduce time to token.
The collaboration reflects Bitzero's continued focus on building an integrated network of industry-leading providers across technical design, project execution, and supply chain coordination. By deepening its relationships with specialized infrastructure leaders, the Company is positioning itself to deliver high-performance compute environments that meet the demands of hyperscale, AI, and other advanced workloads.
"Bitzero is intentionally building an ecosystem of leading providers across every critical layer of data center delivery," said Bitzero Founder & CEO, Mohammed Bakhashwain. "Following our previously announced relationships, Vertiv further enhances our technical depth across critical power, thermal management, and infrastructure solutions, while strengthening our supply chain capabilities as we continue advancing our platform for hyperscale, AI, and HPC applications."
"Successfully scaling AI requires more than advanced compute, it requires end-to-end infrastructure capable of supporting increasingly demanding power and thermal profiles," said Paul Ryan, president for Europe, Middle East and Africa (EMEA) at Vertiv. "Vertiv draws on decades of experience in critical digital infrastructure to help organizations deploy and operate the power and cooling systems that underpin AI and HPC environments, helping accelerate AI readiness and support faster time-to-token outcomes. We are pleased to support Mohammed and the Bitzero team as it expands its capabilities to meet growing customer demand."
As Bitzero continues to advance its development strategy, the Company remains focused on bringing together the expertise, infrastructure providers, and delivery capabilities necessary to support long-term growth across its portfolio of sites.
About Bitzero Holdings Inc.
Bitzero Holdings Inc. is a provider of IT energy infrastructure and high-efficiency power for data centers. The Company focuses on data center development, high-performance compute (HPC), and strategic data center hosting partnerships. Bitzero Holdings Inc. owns four data center locations in the North American and Nordic regions, with its Nordic assets powered by clean, low-carbon energy sources. Visit www.bitzero.com for more information.
About Vertiv
Vertiv brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act, and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements are often, but not always, identified by words such as "anticipate", "plan", "expect", "intend", "may", "will", "would", "could", "should", "believe", "estimate", "project", "potential", "target" or similar expressions suggesting future outcomes or events.
Forward-looking statements in this release include, but are not limited to, statements regarding the anticipated benefits of the collaboration with Vertiv; the expected role of Vertiv's technologies and expertise within Bitzero's execution platform; and Bitzero's ability to design, deliver and scale AI, HPC and hyperscale data center infrastructure, accelerate project execution and reduce time to token. These statements are only a prediction and are based on assumptions including that the collaboration will proceed and deliver benefits as expected; that Vertiv will provide the anticipated technologies, expertise and support on commercially reasonable terms and on a timely basis; that Bitzero will have access to the capital, power, sites and personnel required to advance its development strategy; that Bitzero will secure customer demand for AI and HPC capacity at its sites; that Bitzero will complete site development in accordance with its expected timelines; that no unforeseen technological, competitive or regulatory developments will materially impair the anticipated benefits of the collaboration; and that there will be no material change in economic, market, supply chain or regulatory conditions. Bitzero believes that the assumptions on which its forward-looking statements are based were reasonable when made, but cautions readers that these assumptions may prove to be incorrect.
Actual events or results may differ materially from those in the forward-looking statements set forth herein as a result of a number of factors, including: risks relating to the execution of Bitzero's development strategy; the availability, cost and timing of financing, critical power, cooling and other data center infrastructure; supply chain and counterparty performance; risks that the Vertiv collaboration does not deliver the anticipated benefits, is terminated or modified, or does not proceed on the timelines or terms currently contemplated; risks associated with the evolution of AI and HPC customer requirements and compute density; competitive risks in the AI/HPC and data center infrastructure market; technology obsolescence risk; and general economic and market conditions. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, and to Bitzero's continuous disclosure record, including its most recent Annual Information Form, Management's Discussion and Analysis, its CSE listing statement and its registration statement/annual report on Form 40-F, in each case available on SEDAR+ at www.sedarplus.ca or on EDGAR at www.sec.gov, for a discussion of the risk factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements in this release. The forward-looking statements in this release are made as of the date hereof, and neither Vertiv nor Bitzero undertakes any obligation to update or alter any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307656
Source: Bitzero Holdings Inc.
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SummaryVertiv is upgraded to 'Buy' as earnings estimates rise despite a recent stock pullback.Q1 results showed strong EPS and margin growth, with a 51% YoY adjusted operating profit increase and a 22.6% margin.Management raised the FY 2026 outlook across all key metrics, projecting $14 billion in net sales and $6.70 EPS.VRT trades at a compelling growth-adjusted valuation, with technicals signaling potential recovery from oversold conditions. onurdongel/iStock via Getty Images
July was not a kind month to the AI trade. Throw a dart at Industrial-Tech names linked to the data center buildout and semiconductor themes, and chances are that you’ll land on red. That goes for shares of Vertiv (
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BankChampaign National Association acquired a new position in Vertiv Holdings Co. (NYSE:VRT – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,651 shares of the company’s stock, valued at approximately $1,667,000. Vertiv accounts for 1.7% of BankChampaign National Association’s holdings, making the stock its 8th largest position.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Vertiv in the 4th quarter worth approximately $808,701,000. Marshall Wace LLP increased its stake in shares of Vertiv by 265.6% in the 4th quarter. Marshall Wace LLP now owns 2,670,007 shares of the company’s stock worth $432,568,000 after acquiring an additional 1,939,749 shares in the last quarter. Alkeon Capital Management LLC lifted its holdings in shares of Vertiv by 178.2% during the fourth quarter. Alkeon Capital Management LLC now owns 2,003,110 shares of the company’s stock valued at $324,524,000 after purchasing an additional 1,283,110 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Vertiv by 49.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,811,114 shares of the company’s stock worth $361,033,000 after purchasing an additional 930,158 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Vertiv in the third quarter worth approximately $125,331,000. 89.92% of the stock is currently owned by institutional investors.
Trending Headlines about Vertiv Here are the key news stories impacting Vertiv this week:
Positive Sentiment: Strong earnings and raised guidance: Vertiv reported adjusted EPS of $1.52, ahead of the $1.43 consensus, while revenue rose 24.1% year over year to $3.27 billion. Operating profit increased 44% and adjusted operating profit climbed 51%. The company raised its full-year 2026 EPS outlook to $6.65–$6.75 and revenue guidance to approximately $14 billion. Vertiv second-quarter earnings release Positive Sentiment: AI infrastructure demand remains a key catalyst: Management highlighted accelerating demand for AI-enabled data centers, rising infrastructure spending and a growing project pipeline. Analysts at Oppenheimer also cited robust demand and pipeline expansion as support for Vertiv’s longer-term outlook. Oppenheimer Vertiv outlook Positive Sentiment: Analysts still see substantial upside: Citigroup maintained a Buy rating while lowering its price target to $358 from $414. KeyCorp retained an Overweight rating but reduced its target to $325 from $360. Both targets remain well above the recent trading level, suggesting analysts view the selloff as excessive if growth estimates are achieved. Neutral Sentiment: Near-term outlook is mixed: Third-quarter revenue guidance of $3.7–$3.9 billion is broadly in line with expectations, while EPS guidance of $1.77–$1.83 brackets the $1.79 consensus. This supports continued growth but offers limited near-term upside surprise. Negative Sentiment: Revenue fell short of expectations: Second-quarter sales of $3.27 billion missed the approximately $3.38 billion consensus estimate. Investors reacted negatively because the miss raised concerns about execution and the timing of data-center projects, overshadowing the EPS beat and higher guidance. Vertiv revenue miss report Negative Sentiment: Valuation and momentum remain risks: Vertiv’s elevated earnings multiple and sharp recent decline make the stock sensitive to additional estimate reductions or evidence that AI-related demand is being delayed. The price-target cuts from Citi and KeyCorp, even with favorable ratings, reinforce investor caution. Analysts Set New Price Targets VRT has been the topic of several recent analyst reports. Roth Capital reaffirmed a “buy” rating and set a $355.00 price objective on shares of Vertiv in a research report on Thursday, May 21st. Glj Research raised Vertiv from a “sell” rating to a “hold” rating in a report on Thursday, June 18th. Robert W. Baird set a $320.00 price target on shares of Vertiv in a report on Thursday. The Goldman Sachs Group upped their price objective on Vertiv from $277.00 to $311.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. Finally, KeyCorp cut their target price on shares of Vertiv from $360.00 to $325.00 and set an “overweight” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $339.33.
View Our Latest Stock Report on VRT
Vertiv Price Performance Vertiv stock opened at $227.44 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.15 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $87.36 billion, a PE ratio of 51.46, a price-to-earnings-growth ratio of 0.92 and a beta of 2.03. Vertiv Holdings Co. has a 12-month low of $118.70 and a 12-month high of $379.93. The firm has a 50-day moving average price of $307.36 and a 200-day moving average price of $277.10.
Vertiv (NYSE:VRT – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.09. Vertiv had a return on equity of 50.47% and a net margin of 15.09%.The firm had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was up 24.1% on a year-over-year basis. Vertiv has set its Q3 2026 guidance at 1.770-1.830 EPS and its FY 2026 guidance at 6.650-6.750 EPS. As a group, equities research analysts forecast that Vertiv Holdings Co. will post 6.7 EPS for the current year.
Vertiv Announces Dividend The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were issued a $0.0625 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.1%. Vertiv’s payout ratio is presently 5.66%.
Vertiv Profile (Free Report)
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
See Also Five stocks we like better than Vertiv Microsoft Just Flipped the AI Spending Narrative Overnight Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling? Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes Want to see what other hedge funds are holding VRT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vertiv Holdings Co. (NYSE:VRT – Free Report).
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Akcie Vertiv po výsledcích za 2. čtvrtletí klesly v jedné seanci o 17,48 % a za poslední měsíc odepsaly 27,34 %. Tržby vzrostly o 24,1 % na 3,27 miliardy USD, ale investory zklamal opatrný výhled EPS na celý rok.
Vertiv Holdings (NYSE:VRT | VRT Price Prediction) trades at $222.44, while the Wall Street consensus price target sits at $376.15, an implied upside of roughly 69%. Loop Capital’s Ananda Baruah carries a Street-high $500 target that implies gains of roughly 125% from here.
Vertiv designs the power and thermal infrastructure for AI data centers, from switchgear to direct-to-chip liquid cooling. It joined the S&P 500 in March 2026 and earned investment-grade credit ratings shortly after. Wall Street has treated it as a pure-play AI infrastructure name for two years.
The recent gap between price and target matters: either the market is right that growth is slowing, or analysts are right that this is a reset in a still-accelerating business.
A One-Day Earnings Reaction Erased a Month of Gains Vertiv fell 17.48% in a single session after reporting Q2 2026 results, capping a 27.34% drop over the past month. Revenue rose 24.1% to $3.27 billion, adjusted EPS came in at $1.52 (a fifth straight beat), and free cash flow jumped 234%. The issue was expectations. After a 55% surge in Q1 and a backlog of $15 billion exiting 2025, investors were pricing in acceleration. Instead, they got EMEA growth of just 1.7%, tariff commentary, and full-year EPS guidance of $6.65 to $6.75 that some viewed as conservative against the backlog setup.
Why the Sell Side Is Not Blinking Analysts see a mismatch between a one-quarter timing issue and a multi-year build cycle. Coverage skews decisively bullish: 3 Strong Buy, 19 Buy, 3 Hold, 0 Sell, and 1 Strong Sell. The consensus $376.15 target sits well above current levels, and Loop Capital’s $500 case is the loudest voice.
Baruah’s thesis centers on Vertiv’s position as the primary vendor for direct-to-chip liquid cooling as GPU densities exceed air-cooling limits. He models multi-year margin expansion as hyperscalers migrate to Vertiv’s architectures, plus premium pricing from record backlog that peers cannot match.
Management’s math backs the bull case. Full-year 2026 EPS guidance implies 58% to 61% growth, and Q3 organic growth was guided to 34% to 36%. CEO Giordano Albertazzi told investors “Demand for AI and general compute continues to intensify… Our pipelines continue to strengthen as the market expands globally.” The range of upside here (69% to 125%) is unusually wide for a large-cap industrial.
The Data Center Power Group Sold Off Together Vertiv did not fall alone. Every major electrical infrastructure name took a hit in the past month, though Vertiv fell hardest among megacaps.
Eaton (NYSE:ETN) is down 11.36% over the past month to $361.88, versus a consensus target of $455.79, or roughly 26% upside. Coverage skews 22 Buy-equivalent, 4 Hold, 1 Strong Sell.
nVent Electric (NYSE:NVT) is off 18.09% to $133.61. The $190.60 target implies roughly 43% upside, with 14 Buy ratings against 1 Strong Sell and no Holds.
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Generac (NYSE:GNRC) is the worst peer performer, down 31.23% to $195.19 despite a Q2 EPS beat of 44.65%. The $293.75 target implies about 50% upside, but sentiment is mixed at 13 Buy, 6 Hold, 1 Strong Sell.
Across the group, Vertiv carries the largest analyst-implied upside by a wide margin when Loop’s $500 case is included. Wall Street treats VRT as the deepest dislocation in the space.
What the Numbers Actually Say Vertiv trades at $222.44 against a consensus target of $376.15, implying roughly 69% upside, with Loop Capital’s Street-high $500 case pushing gains to about 125%. Twenty-six analysts cover the name, and the balance is 3 Strong Buy, 19 Buy, 3 Hold, 0 Sell, 1 Strong Sell.
Performance tells the whipsaw story. Despite the 27% one-month drop, VRT is still up 37.73% year-to-date and 56.47% over the past year. The S&P 500 is up 6.97% year-to-date. Even after the selloff, Vertiv has trounced the index.
The stock now trades at roughly 33 times the midpoint of full-year 2026 EPS guidance. The valuation is still rich, though a real reset from the peak.
Where I Come Down on Vertiv The bull case for Vertiv rests on the AI infrastructure build being a multi-year cycle, EMEA stabilizing, and the record $15 billion backlog converting on schedule. That path leads to Loop Capital’s $500 case and the consensus $376. Margins are expanding, cash flow is real, and management just raised guidance again.
The bear case builds if EMEA weakness spreads, tariff costs erode margins, or the hyperscaler capex cycle cools. At 33 times forward earnings, VRT needs execution. Any timing slippage on backlog conversion punishes the stock disproportionately, as this quarter proved.
My lean is constructive. The peer group sold off together, but Vertiv carries the biggest analyst-implied upside and the strongest secular hook to AI power density. The one-month move looks more like a reset of overheated expectations than a break in the thesis.
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Vertiv těží z boomu AI: tržby za 1. čtvrtletí vzrostly meziročně o 30 % na 2,65 miliardy USD. Wall Street zůstává převážně býčí, konsenzuální cíl je 377 USD, tedy přes 31 % nad cenou akcie.
It's been a fantastic past 12 months for Vertiv (VRT -16.38%) shareholders. Even with the stock's pullback from its mid-May record-breaking peak, it's still up about 96% from where it traded at this time last year.
Veteran investors know such a big run-up in such a short period of time is a tough act to follow, of course. Some are even anticipating more pullback. And maybe that's what's in the cards.
The analyst community, however, remains more optimistic about this ticker's foreseeable future.
Image source: Getty Images.
Vertiv is reporting plenty of growth The company makes equipment used in data centers, by the way. Not processing chips like those supplied by Nvidia, or networking hardware like that made by Broadcom. Rather, Vertiv manufactures power systems, cooling solutions, and the specialized racks and enclosure frames that make it possible to integrate this equipment with the usual data center tech.
Yes, the rapid rise of artificial intelligence is proving very good for business. Vertiv's first-quarter top line of $2.65 billion was up 30% year over year, and is expected to grow about as much for the entirety of 2026. Analysts are looking for comparable growth next year as well. Moreover, the company is profitable. Last year's bottom line of $4.20 is expected to reach $6.48 per share this year, en route to $8.83 in 2027.
This fantastic growth course begs one question: Why has the stock been sinking since May's high, falling 24% from that peak?
Today's Change
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Current Price
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Valuation may have a little something to do with it. At its peak, VRT was trading at more than 58 times this year's projected profits, and over 40 times next year's expected bottom line. That's a steep price to sustain, no matter how compelling your growth story is. It's even tougher to sustain when investors start to doubt artificial intelligence's long-term future.
Curiously, though, analysts aren't deterred.
Wall Street is (mostly) still on board with Vertiv OK, a handful of analysts are doubters. Two of the 33 covering this stock rate it as underweight. The lowest price target is $255, 11% below the stock's current price.
The vast majority of the analyst crowd watching this stock, however, is firmly bullish. Indeed, 22 of the 33 analysts covering it consider VRT a strong buy, while the consensus price target stands at $377, more than 31% above Vertiv shares' present price. It's a target, of course, that rightfully doesn't reflect too much concern about a rich valuation.
What are these analysts seeing that others aren't? It's not what they're seeing. Rather, it's all the noise they're looking past. The AI industry's stocks may be losing ground because growing infrastructure spending may or may not pay off soon enough to suit investors. But there's no denying that artificial intelligence will feature prominently in the future, once its key players refine their businesses and meet actual needs.
In this vein, a Precedence Research outlook indicates that the worldwide AI infrastructure market is poised to grow at an average annualized rate of nearly 22% through 2035. Vertiv is well positioned to win at least its fair share of this growth.
Just bear in mind that not even analysts expect VRT shares to reach their consensus target in a straight line.
Vertiv ve 2. čtvrtletí zvýšil tržby o 24 % na 3,274 mld. USD a upravený zisk na akcii o 60 % na 1,52 USD. Zároveň zvýšil výhled na celý rok 2026 napříč klíčovými metrikami.
Net sales of $3,274 million, 24% higher than second quarter 2025. Operating profit up 44% and adjusted operating profit(1) up 51% from second quarter 2025. Adjusted operating margin of 22.6%, up 410 basis points compared to second quarter 2025. Diluted EPS grew 53% to $1.27 and adjusted diluted EPS grew 60% to $1.52 compared to second quarter 2025. Operating cash flow of $1,100 million and adjusted free cash flow of $925 million, an increase of 241% and 234%, respectively, compared to prior year second quarter. Achieved a net cash position at the end of second quarter 2026. Full Year 2026 Guidance
Expects full year 2026 net sales of $14,000 million and organic sales growth of 31%, each at the midpoint of guidance, compared to full year 2025. Expects full year 2026 diluted EPS of $5.82 to $5.92 and adjusted diluted EPS of $6.65 to $6.75, a midpoint increase of 72% and 60%, respectively, compared to full year 2025. , /PRNewswire/ -- Vertiv Holdings Co (NYSE: VRT) ("Vertiv"), a global leader in critical digital infrastructure, reported financial results for its second quarter ended June 30, 2026. Vertiv reported second quarter net sales of $3,274 million, an increase of $636 million, or 24%, compared to second quarter 2025, reflecting 18% organic sales growth, a 5% contribution from acquisitions, and a 1% benefit from favorable foreign currency translation. Second quarter revenue reflected minor timing shifts, primarily due to temporary supply chain congestion and multi-phased project execution as deployments scale in size and complexity. The strong demand environment, growing pipelines, and the continual capacity expansions underway to serve customers give Vertiv the confidence to raise full year net sales guidance, along with increases to other associated financial metrics.
Second quarter operating profit of $638 million increased $196 million and adjusted operating profit of $738 million increased $249 million, up 44% and 51%, respectively, from second quarter 2025. Adjusted operating margin was 22.6%, up 410 basis points compared to second quarter 2025, driven by operational execution, continued strong productivity, and favorable price-cost, inclusive of tariff impacts and associated countermeasures.
"This quarter reflects the compounding effect of years of deliberate investment in technology, capacity, and customer partnerships," said Giordano Albertazzi, Vertiv's Chief Executive Officer. "Demand for AI and general compute continues to intensify and with each technology advancement, deployments grow more complex and more infrastructure-intensive. Our understanding of how power and thermal infrastructure responds at scale allows us to move at the speed our customers require. Growth at this pace demands both vision and operational precision — and Vertiv delivers on each, with the innovation to lead and the execution to scale efficiently. Our pipelines continue to strengthen as the market expands globally, giving us confidence to raise guidance and conviction in sustained, strong performance — this year and beyond."
"Vertiv continues to demonstrate what happens when a company is positioned at the center of a structural, long-duration shift in technology infrastructure and executes with rigor," said Dave Cote, Vertiv's Executive Chairman. "We are moving at the speed of technology and transforming how customers build and scale critical infrastructure. We see a demand environment that continues to grow, and we continue to invest ahead of it — planting seeds now that we expect to compound for years to come."
Adjusted Free Cash Flow and Liquidity
Net cash generated by operating activities in the second quarter was $1,100 million, and adjusted free cash flow was $925 million, increasing 241% and 234%, respectively, from second quarter 2025. Second quarter adjusted free cash flow was driven by higher adjusted operating profit, working capital efficiency, and lower cash interest, partially offset by higher cash taxes and increased capital expenditures to support growth investments.
Vertiv ended the second quarter with $5.6 billion of liquidity and a net cash position, further strengthening the balance sheet and providing significant strategic optionality. Capital expenditures for full year 2026 are expected to be approximately 4.0% of revenue, at the high end of the range. Vertiv is continuing to invest to support the strong demand it sees across its pipelines.
Updated Full Year and Third Quarter 2026 Guidance
The data center market continues to demonstrate strong momentum, with demand fundamentals reinforcing the durability of the growth environment. Vertiv is further accelerating capacity expansion and strategic investments to meet this demand and capture market share.
Third Quarter 2026 Guidance
Net sales
$3,650M - $3,850M
Organic net sales growth(2)
34% - 36%
Adjusted operating profit(1)
$898M - $938M
Adjusted operating margin(2)
24.0% - 25.0%
Adjusted diluted EPS(1)
$1.77 - $1.83
Adjusted diluted EPS growth(2)
43% - 48%
Full Year 2026 Guidance
Net sales
$13,800M - $14,200M
Organic net sales growth(2)
30% - 32%
Adjusted operating profit(1)
$3,285M - $3,365M
Adjusted operating margin(2)
23.3% - 24.3%
Adjusted diluted EPS(1)
$6.65 - $6.75
Adjusted diluted EPS growth(2)
58% - 61%
Adjusted free cash flow(2)
$2,400M - $2,600M
(1)
This release contains certain non-GAAP metrics. For reconciliations to the relevant GAAP measures and an explanation of the non-GAAP measures and reasons for their use, please refer to sections of this release entitled "Non-GAAP Financial Measures" and "Reconciliation of GAAP and non-GAAP Financial Measures."
(2)
This is a forward-looking non-GAAP financial measure that cannot be reconciled without unreasonable efforts for those reasons set forth under "Non-GAAP Financial Measures" of this release.
Second Quarter 2026 Earnings Conference Call
Vertiv's management team will discuss the Company's results during a conference call on Wednesday, July 29, starting at 11 a.m. Eastern Time. The call will contain forward-looking statements and other material information regarding Vertiv's financial and operating results. A webcast of the live conference call will be available for interested parties to listen to by going to the Investor Relations section of the Company's website at investors.vertiv.com. A slide presentation will be available before the call and will be posted to the website, also at investors.vertiv.com. A replay of the conference call will also be available for 30 days following the webcast.
About Vertiv Holdings Co
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit vertiv.com.
Category: Financial News
Non-GAAP Financial Measures
Financial information included in this release has been prepared in accordance with Generally Accepted Accounting Principles ("GAAP"). Vertiv has included certain non-GAAP financial measures in this news release, as indicated above, that may not be directly comparable to other similarly titled measures used by other companies and therefore may not be comparable among companies. These non-GAAP financial measures include organic net sales growth (including on a segment basis), adjusted operating profit, adjusted operating margin, adjusted diluted EPS and adjusted free cash flow, which management believes provides investors with useful supplemental information to evaluate the Company's ongoing operations and to compare with past and future periods. Management also uses certain non-GAAP measures internally for forecasting, budgeting and measuring its operating performance. These measures should be viewed as supplementing, and not as an alternative or substitute for, the Company's financial results prepared in accordance with GAAP. Pursuant to the requirements of Regulation G, Vertiv has provided reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures.
Information reconciling certain forward-looking GAAP measures to non-GAAP measures related to third quarter and full year 2026 guidance, including organic net sales growth, adjusted free cash flow and adjusted operating margin, is not available without unreasonable effort due to high variability, complexity and uncertainty with respect to forecasting and quantifying certain amounts that are necessary for such reconciliations. For those reasons, we are unable to compute the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.
See "Reconciliation of GAAP and Non-GAAP Financial Measures" in this release for Vertiv's reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures.
Cautionary Note Concerning Forward-Looking Statements
This news release, and other statements that Vertiv may make in connection therewith, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Vertiv's future financial or business performance, strategies or expectations, and as such are not historical facts. This includes, without limitation, statements regarding Vertiv's financial position, capital structure, indebtedness, business strategy and plans and objectives of Vertiv management for future operations, as well as statements regarding growth, anticipated demand for our products and services and our business prospects during 2026, as well as expected impacts from our pricing actions, and our guidance for third quarter and full year 2026 and statements regarding tariffs, global trade conflict and any actions we may take in response thereto. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Vertiv cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this release are based on current expectations and beliefs concerning future developments and their potential effects on Vertiv. There can be no assurance that future developments affecting Vertiv will be those that Vertiv has anticipated. Vertiv undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Vertiv's control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Vertiv has previously disclosed risk factors in its Securities and Exchange Commission ("SEC") reports, including those set forth in the Vertiv 2025 Annual Report on Form 10-K filed with the SEC on February 13, 2026. These risk factors and those identified elsewhere in this release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: risks relating to the continued growth of our customers' markets; long sales cycles for certain Vertiv products and solutions as well as unpredictable placing or cancelling of customer orders; failure to realize sales expected from our backlog of orders and contracts; disruption of or consolidation in our customer's markets or categorical shifts in customer technology spending; less leverage with large customer contract terms; failure to mitigate risks associated with long-term fixed price contracts; competition in the industry in which we operate; failure to obtain performance and other guarantees from financial institutions; risks associated with governmental contracts; failure to properly manage production cost changes and supply; failure to anticipate market change and competition in the infrastructure technologies; risks associated with information technology disruption or cyber-security incidents; risks associated with the implementation and enhancement of information systems; failure to realize the expected benefit from any rationalization, restructuring and improvement efforts; disruption of, or changes in, Vertiv's independent sales representatives, distributors and original equipment manufacturers; increase of variability in our effective tax rate costs or liabilities associated with product liability due to global operations subjecting us to income and other taxes in the U.S. and numerous foreign entities; costs or liabilities associated with product liability and damage to our reputation and brands; the global scope of Vertiv's operations, especially in emerging markets; failure to benefit from future significant corporate transactions; risks associated with Vertiv's sales and operations and expanding global production facilities; risks associated with future legislation and regulation of Vertiv's customers' markets; our ability to comply with various laws and regulations including but not limited to, laws and regulations relating to data protection and data privacy; failure to properly address legal compliance issues, particularly those related to imports/exports, anti-corruption laws, and foreign operations; risks associated with foreign trade policy, including tariffs and global trade conflict risks associated with litigation or claims against the Company, including the risk of adverse outcomes to any legal claims and proceedings; our ability to protect or enforce our proprietary rights on which our business depends; third party intellectual property infringement claims; liabilities associated with environmental, health and safety matters; failure to achieve environmental, social and governance goals; failure to realize the value of goodwill and intangible assets; exposure to fluctuations in foreign currency exchange rates; failure to remediate material weaknesses in our internal controls over financial reporting; our level of indebtedness and our ability to comply with the covenants and restrictions contained in our credit agreements; our ability to access funding through capital markets; resales of Vertiv securities may cause volatility in the market price of our securities; our organizational documents contain provisions that may discourage unsolicited takeover proposals; our certificate of incorporation includes a forum selection clause, which could discourage or limit stockholders' ability to make a claim against it; the ability of our subsidiaries to pay dividends; factors relating to the business, operations and financial performance of Vertiv and its subsidiaries, including: global economic weakness and uncertainty; our ability to attract, train and retain key members of our leadership team and other qualified personnel; the adequacy of our insurance coverage; fluctuations in interest rates materially affecting our financial results and increasing the risk our counterparties default in our interest rate hedges; our incurrence of significant costs and devotion of substantial management time as a result of operating as a public company; expected expenses related to integration of our acquisitions; the possible diversion of management time on issues related to integration of our acquired businesses; the ability of Vertiv to maintain relationships with customers and suppliers of our acquired businesses; and the ability of Vertiv to retain management and key employees of our acquired businesses; and other risks and uncertainties indicated in Vertiv's SEC reports or documents filed or to be filed with the SEC by Vertiv. Forward-looking statements included in this news release speak only as of the date of this news release or any earlier date specified for such statements. All subsequent written or oral forward-looking statements attributable to Vertiv or persons acting on Vertiv's behalf may be qualified in their entirety by this Cautionary Note Concerning Forward-Looking Statements.
For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E: [email protected]
For media inquiries, please contact:
Ruder Finn for Vertiv
E: [email protected]
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (LOSS)
Vertiv Holdings Co
(Dollars in millions except for per share data)
Three months ended
June 30, 2026
Three months ended
June 30, 2025
Six months ended
June 30, 2026
Six months ended
June 30, 2025
Net sales
Net sales - products
$ 2,646.7
$ 2,166.0
$ 4,782.5
$ 3,815.7
Net sales - services
627.6
472.1
1,141.3
858.4
Net sales
3,274.3
2,638.1
5,923.8
4,674.1
Costs and expenses
Cost of sales - products
1,667.8
1,470.3
3,016.2
2,582.4
Cost of sales - services
371.6
271.2
673.0
508.6
Cost of sales
2,039.4
1,741.5
3,689.2
3,091.0
Operating expenses
Selling, general and administrative expenses
494.4
395.6
951.1
741.9
Amortization of intangibles
73.7
46.9
151.3
92.9
Restructuring costs
(3.9)
1.9
(8.8)
3.0
Foreign currency (gain) loss, net
3.9
2.3
2.3
4.9
Other operating expense (income)
28.9
7.5
60.7
7.3
Operating profit (loss)
637.9
442.4
1,078.0
733.1
Interest expense (income), net
17.4
21.3
13.0
46.6
Loss on extinguishment of debt
—
—
6.2
—
Other non-operating expense (income)
0.5
—
0.5
—
Income (loss) before income taxes
620.0
421.1
1,058.3
686.5
Income tax expense
122.2
96.9
170.4
197.8
Net income (loss)
$ 497.8
$ 324.2
$ 887.9
$ 488.7
Earnings (loss) per share:
Basic
$ 1.29
$ 0.85
$ 2.31
$ 1.28
Diluted
$ 1.27
$ 0.83
$ 2.26
$ 1.25
Weighted-average shares outstanding:
Basic
384,555,346
381,482,996
383,742,935
381,166,015
Diluted
392,746,991
389,846,827
392,511,287
389,977,516
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
Vertiv Holdings Co
(Dollars in millions)
June 30, 2026
December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents
$ 2,810.6
$ 1,728.4
Short-term investments
300.0
99.5
Accounts receivable, less allowances of $29.1 and $25.6, respectively
3,750.3
3,109.0
Inventories
2,522.7
1,456.5
Other current assets
601.3
426.1
Total current assets
9,984.9
6,819.5
Property, plant and equipment, net
1,184.2
921.8
Other assets:
Goodwill
2,283.3
2,033.7
Other intangible assets, net
1,800.8
1,894.8
Deferred income taxes
170.1
179.6
Right-of-use assets, net
387.2
303.0
Other
90.4
60.0
Total other assets
4,731.8
4,471.1
Total assets
$ 15,900.9
$ 12,212.4
LIABILITIES AND EQUITY
Current liabilities:
Current portion of long-term debt
$ —
$ 20.9
Accounts payable
2,473.1
1,756.4
Deferred revenue
3,633.7
1,814.7
Accrued expenses and other liabilities
1,061.4
771.6
Income taxes
74.8
43.4
Total current liabilities
7,243.0
4,407.0
Long-term debt, net
2,939.8
2,892.1
Deferred income taxes
234.1
232.8
Long-term lease liabilities
316.4
245.2
Other long-term liabilities
410.0
494.0
Total liabilities
11,143.3
8,271.1
Equity
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding
—
—
Common stock, $0.0001 par value, 700,000,000 shares authorized, 384,936,985 and 382,553,680 shares issued
and outstanding at June 30, 2026 and December 31, 2025, respectively
—
—
Additional paid-in capital
2,954.8
2,895.2
Retained earnings
1,868.0
1,027.9
Accumulated other comprehensive (loss) income
(65.2)
18.2
Total equity
4,757.6
3,941.3
Total liabilities and equity
$ 15,900.9
$ 12,212.4
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Vertiv Holdings Co
(Dollars in millions)
Three months ended
June 30, 2026
Three months ended
June 30, 2025
Six months ended
June 30, 2026
Six months ended
June 30, 2025
Cash flows from operating activities:
Net income (loss)
$ 497.8
$ 324.2
$ 887.9
$ 488.7
Adjustments to reconcile net income (loss) to net cash provided by
(used for) operating activities:
Depreciation
39.4
23.5
66.9
46.4
Amortization
76.4
49.8
156.6
98.5
Deferred income taxes
2.1
(10.2)
(26.1)
23.1
Amortization of debt discount and issuance costs
0.6
2.1
2.2
4.3
Stock-based compensation
13.8
13.3
30.8
24.5
Changes in operating working capital
451.0
(90.4)
678.8
(95.2)
Change in fair value of contingent consideration
28.8
—
62.0
—
Other
(10.1)
10.6
7.5
35.9
Net cash provided by (used for) operating activities
1,099.8
322.9
1,866.6
626.2
Cash flows from investing activities:
Capital expenditures
(173.3)
(45.0)
(285.9)
(81.5)
Investments in capitalized software
(1.2)
(0.9)
(2.6)
(3.2)
Purchase of short-term investments
(198.2)
(98.1)
(546.6)
(98.1)
Proceeds from maturities of short-term investments
251.5
—
351.5
—
Investment in affiliates
(5.1)
—
(19.0)
—
Acquisition of businesses, net of cash acquired
(277.7)
—
(278.1)
—
Net cash provided by (used for) investing activities
(404.0)
(144.0)
(780.7)
(182.8)
Cash flows from financing activities:
Proceeds from the issuance of long-term debt
—
—
2,100.0
—
Repayment of long-term debt
—
(5.2)
(2,076.1)
(10.5)
Dividend payment
(23.9)
(14.2)
(47.8)
(28.4)
Exercise of employee stock options
20.6
11.7
44.1
13.0
Employee taxes paid from shares withheld
(11.6)
(0.3)
(23.2)
(7.0)
Net cash provided by (used for) financing activities
(14.9)
(8.0)
(3.0)
(32.9)
Effect of exchange rate changes on cash and cash equivalents
3.5
9.0
2.9
13.3
Increase (decrease) in cash, cash equivalents and restricted cash
684.4
179.9
1,085.8
423.8
Beginning cash, cash equivalents and restricted cash
2,191.2
1,476.1
1,789.8
1,232.2
Ending cash, cash equivalents and restricted cash
$ 2,875.6
$ 1,656.0
$ 2,875.6
$ 1,656.0
Changes in operating working capital
Accounts receivable
$ (586.5)
$ (462.4)
$ (644.2)
$ (380.8)
Inventories
(663.8)
(8.9)
(1,048.0)
(137.5)
Other current assets
(56.8)
5.6
(145.3)
(23.9)
Accounts payable
482.5
183.0
685.3
269.5
Deferred revenue
1,171.5
148.1
1,822.7
171.5
Accrued expenses and other liabilities
117.6
36.3
22.2
(43.3)
Income taxes
(13.5)
7.9
(13.9)
49.3
Total changes in operating working capital
$ 451.0
$ (90.4)
$ 678.8
$ (95.2)
Reconciliation of GAAP and non-GAAP Financial Measures
To supplement this news release, we have included certain non-GAAP financial measures in the format of performance metrics. Management believes these non-GAAP financial measures provide investors with additional meaningful financial information that should be considered when assessing our underlying business performance and trends. Further, management believes these non-GAAP financial measures also enhance investors' ability to compare period-to-period financial results. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, the company's reported results prepared in accordance with GAAP. Our non-GAAP financial measures do not represent a comprehensive basis of accounting. Therefore, our non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. Reconciliations of each of these non-GAAP financial measures to GAAP information are also included. Management uses these non-GAAP financial measures in making financial, operating, compensation and planning decisions and in evaluating the company's performance. Disclosing these non-GAAP financial measures allows investors and management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance.
Vertiv's non-GAAP financial measures include:
Adjusted operating profit (loss), which represents operating profit (loss), adjusted to exclude amortization of intangibles, restructuring costs associated with the global restructuring program, contingent consideration and merger and acquisition costs; Adjusted operating margin, which represents adjusted operating profit (loss) divided by net sales; Organic net sales growth, which represents the change in net sales adjusted to exclude the impacts of foreign currency exchange rate and acquisitions; Adjusted free cash flow, which represents net cash provided by (used for) operating activities adjusted to exclude capital expenditures and investments in capitalized software; and Adjusted diluted EPS, which represents diluted earnings per share adjusted to exclude amortization of intangibles, restructuring costs associated with the global restructuring program, contingent consideration and merger and acquisition costs, and the costs related to the March 3, 2026 repayment of the Term Loan Credit Agreement and the associated interest rate swaps being settled. Regional Segment Results
Three months ended June 30,
Six months ended June 30,
2026
2025
Δ
Δ%
Organic
Δ%(2)
2026
2025
Δ
Δ%
Organic
Δ%(2)
Net sales(1)
AMER
$ 2,070.8
$ 1,602.3
$ 468.5
29.2 %
21.1 %
$ 3,885.2
$ 2,787.6
$ 1,097.6
39.4 %
31.0 %
APAC
719.9
560.2
159.7
28.5 %
25.7 %
1,233.6
1,007.4
226.2
22.5 %
19.6 %
EMEA
483.6
475.6
8.0
1.7 %
(2.4) %
805.0
879.1
(74.1)
(8.4) %
(14.8) %
Total
$ 3,274.3
$ 2,638.1
$ 636.2
24.1 %
17.8 %
$ 5,923.8
$ 4,674.1
$ 1,249.7
26.7 %
19.9 %
Adjusted operating profit (loss)(3)
AMER
$ 571.4
$ 384.6
$ 186.8
48.6 %
$ 1,061.6
$ 644.3
$ 417.3
64.8 %
APAC
95.6
59.2
36.4
61.5 %
163.0
104.9
58.1
55.4 %
EMEA
124.2
104.2
20.0
19.2 %
177.7
182.9
(5.2)
(2.8) %
Corporate(4)
(52.8)
(58.7)
5.9
(10.1) %
(111.7)
(106.1)
(5.6)
5.3 %
Total
$ 738.4
$ 489.3
$ 249.1
50.9 %
$ 1,290.6
$ 826.0
$ 464.6
56.2 %
Adjusted operating margins(5)
AMER
27.6 %
24.0 %
3.6 %
27.3 %
23.1 %
4.2 %
APAC
13.3 %
10.6 %
2.7 %
13.2 %
10.4 %
2.8 %
EMEA
25.7 %
21.9 %
3.8 %
22.1 %
20.8 %
1.3 %
Vertiv
22.6 %
18.5 %
4.1 %
21.8 %
17.7 %
4.1 %
(1)
Segment net sales are presented excluding intercompany sales.
(2)
Organic basis is adjusted to exclude foreign currency exchange rate and the change in acquisition sales impact.
(3)
Adjusted operating profit (loss) is only adjusted at the Corporate segment. There are no adjustments at the reportable segment level between operating profit (loss) and adjusted operating profit (loss).
(4)
Corporate costs consist of headquarters management costs, asset impairments, and costs that support centralized global functions including Finance, Treasury, Risk Management, Strategy & Marketing, Legal, and Human Resources.
(5)
Adjusted operating margins calculated as adjusted operating profit (loss) divided by net sales.
Sales by product and service offering
Three months ended June 30,
2026
2025
Δ
Δ%
Americas:
Products
$ 1,666.1
$ 1,320.8
$ 345.3
26.1 %
Services & spares
404.7
281.5
123.2
43.8 %
$ 2,070.8
$ 1,602.3
$ 468.5
29.2 %
Asia Pacific:
Products
$ 562.4
$ 424.0
$ 138.4
32.6 %
Services & spares
157.5
136.2
21.3
15.6 %
$ 719.9
$ 560.2
$ 159.7
28.5 %
Europe, Middle East & Africa:
Products
$ 377.9
$ 374.1
$ 3.8
1.0 %
Services & spares
105.7
101.5
4.2
4.1 %
$ 483.6
$ 475.6
$ 8.0
1.7 %
Total:
Products
$ 2,606.4
$ 2,118.9
$ 487.5
23.0 %
Services & spares
667.9
519.2
148.7
28.6 %
$ 3,274.3
$ 2,638.1
$ 636.2
24.1 %
Six months ended June 30,
2026
2025
Δ
Δ%
Americas:
Products
$ 3,142.0
$ 2,279.1
$ 862.9
37.9 %
Services & spares
743.2
508.5
234.7
46.2 %
$ 3,885.2
$ 2,787.6
$ 1,097.6
39.4 %
Asia Pacific:
Products
$ 943.5
$ 757.8
$ 185.7
24.5 %
Services & spares
290.1
249.6
40.5
16.2 %
$ 1,233.6
$ 1,007.4
$ 226.2
22.5 %
Europe, Middle East & Africa:
Products
$ 612.1
$ 693.1
$ (81.0)
(11.7) %
Services & spares
192.9
186.0
6.9
3.7 %
$ 805.0
$ 879.1
$ (74.1)
(8.4) %
Total:
Products
$ 4,697.6
$ 3,730.0
$ 967.6
25.9 %
Services & spares
1,226.2
944.1
282.1
29.9 %
$ 5,923.8
$ 4,674.1
$ 1,249.7
26.7 %
Organic growth by product and service offering
Three months ended June 30, 2026
Net Sales Δ
FX Δ
Acquisition Δ(1)
Organic growth
Organic Δ%(2)
Americas:
Products
$ 345.3
$ (4.2)
$ (35.5)
$ 305.6
23.1 %
Services & spares
123.2
(2.2)
(88.6)
32.4
11.5 %
$ 468.5
$ (6.4)
$ (124.1)
$ 338.0
21.1 %
Asia Pacific:
Products
$ 138.4
$ (13.5)
$ —
$ 124.9
29.5 %
Services & spares
21.3
(2.3)
—
19.0
14.0 %
$ 159.7
$ (15.8)
$ —
$ 143.9
25.7 %
Europe, Middle East & Africa:
Products
$ 3.8
$ (11.0)
$ (5.1)
$ (12.3)
(3.3) %
Services & spares
4.2
(2.7)
(0.5)
1.0
1.0 %
$ 8.0
$ (13.7)
$ (5.6)
$ (11.3)
(2.4) %
Total:
Products
$ 487.5
$ (28.7)
$ (40.6)
$ 418.2
19.7 %
Services & spares
148.7
(7.2)
(89.1)
52.4
10.1 %
$ 636.2
$ (35.9)
$ (129.7)
$ 470.6
17.8 %
(1)
The change in acquisition sales include all acquisition sales for the three months ended June 30, 2026.
(2)
Organic growth percentage change is calculated as organic growth divided by net sales for the three months ended June 30, 2025.
Six months ended June 30, 2026
Net Sales Δ
FX Δ
Acquisition Δ(1)
Organic growth
Organic Δ%(2)
Americas:
Products
$ 862.9
$ (9.6)
$ (69.7)
$ 783.6
34.4 %
Services & spares
234.7
(4.2)
(150.4)
80.1
15.8 %
$ 1,097.6
$ (13.8)
$ (220.1)
$ 863.7
31.0 %
Asia Pacific:
Products
$ 185.7
$ (24.0)
$ —
$ 161.7
21.3 %
Services & spares
40.5
(4.9)
—
35.6
14.3 %
$ 226.2
$ (28.9)
$ —
$ 197.3
19.6 %
Europe, Middle East & Africa:
Products
$ (81.0)
$ (38.7)
$ (5.5)
$ (125.2)
(18.1) %
Services & spares
6.9
(11.2)
(0.7)
(5.0)
(2.7) %
$ (74.1)
$ (49.9)
$ (6.2)
$ (130.2)
(14.8) %
Total:
Products
$ 967.6
$ (72.3)
$ (75.2)
$ 820.1
22.0 %
Services & spares
282.1
(20.3)
(151.1)
110.7
11.7 %
$ 1,249.7
$ (92.6)
$ (226.3)
$ 930.8
19.9 %
(1)
The change in acquisition includes all acquisitions sales for the six months ended June 30, 2026.
(2)
Organic growth percentage change is calculated as organic growth divided by net sales for the six months ended June 30, 2025.
Segment operating profit (loss)
Operating profit (loss)
Three months ended
June 30, 2026
Three months ended
June 30, 2025
Six months ended
June 30, 2026
Six months ended
June 30, 2025
Americas
$ 571.4
$ 384.6
$ 1,061.6
$ 644.3
Asia Pacific
95.6
59.2
163.0
104.9
Europe, Middle East & Africa
124.2
104.2
177.7
182.9
Total reportable segments
791.2
548.0
1,402.3
932.1
Foreign currency gain (loss)
(3.9)
(2.3)
(2.3)
(4.9)
Corporate
(75.7)
(56.4)
(170.7)
(101.2)
Total corporate and other
(79.6)
(58.7)
(173.0)
(106.1)
Amortization of intangibles
(73.7)
(46.9)
(151.3)
(92.9)
Operating profit (loss)
$ 637.9
$ 442.4
$ 1,078.0
$ 733.1
Reconciliation of net cash provided by (used for) operating activities to adjusted free cash flow
Three months ended
June 30, 2026
Three months ended
June 30, 2025
Six months ended
June 30, 2026
Six months ended
June 30, 2025
Net cash provided by (used for) operating activities
$ 1,099.8
$ 322.9
$ 1,866.6
$ 626.2
Capital expenditures
(173.3)
(45.0)
(285.9)
(81.5)
Investments in capitalized software
(1.2)
(0.9)
(2.6)
(3.2)
Adjusted free cash flow
$ 925.3
$ 277.0
$ 1,578.1
$ 541.5
Reconciliation from operating profit (loss) to adjusted operating profit (loss)
Three months ended
June 30, 2026
Three months ended
June 30, 2025
Six months ended
June 30, 2026
Six months ended
June 30, 2025
Operating profit (loss)
$ 637.9
$ 442.4
$ 1,078.0
$ 733.1
Amortization of intangibles
73.7
46.9
151.3
92.9
Contingent consideration
28.8
—
62.0
—
Restructuring costs - global programs
(3.9)
—
(3.9)
—
Mergers and acquisition costs
1.9
—
3.2
—
Adjusted operating profit (loss)
$ 738.4
$ 489.3
$ 1,290.6
$ 826.0
Reconciliation from operating margin to adjusted operating margin
Three months ended
June 30, 2026
Three months ended
June 30, 2025
Δ
Six months ended
June 30, 2026
Six months ended
June 30, 2025
Δ
Vertiv net sales
$ 3,274.3
$ 2,638.1
$ 636.2
$ 5,923.8
$ 4,674.1
$ 1,249.7
Vertiv operating profit (loss)
637.9
442.4
195.5
1,078.0
733.1
344.9
Vertiv operating margin
19.5
%
16.8
%
2.7
%
18.2
%
15.7
%
2.5
%
Amortization of intangibles
$ 73.7
$ 46.9
$ 26.8
$ 151.3
$ 92.9
$ 58.4
Contingent consideration
28.8
—
28.8
62.0
—
62.0
Restructuring costs - global programs
(3.9)
—
(3.9)
(3.9)
—
(3.9)
Mergers and acquisition costs
1.9
—
1.9
3.2
—
3.2
Vertiv adjusted operating profit (loss)
738.4
489.3
249.1
1,290.6
826.0
464.6
Vertiv adjusted operating margin
22.6
%
18.5
%
4.1
%
21.8
%
17.7
%
4.1
%
Reconciliation of Diluted EPS to Adjusted Diluted EPS
Three months ended June 30, 2026
Operating profit
(loss)
Interest expense
(income), net
Other non-operating expense
(income)
Income tax expense
(benefit)
Net income
(loss)
Diluted
EPS(1)
GAAP
$ 637.9
$ 17.4
$ 0.5
$ 122.2
$ 497.8
$ 1.27
Amortization of intangibles
73.7
—
—
—
73.7
0.19
Contingent consideration(2)
28.8
—
—
—
28.8
0.07
Restructuring costs - global programs
(3.9)
—
—
—
(3.9)
(0.01)
Mergers and acquisition costs
1.9
—
—
—
1.9
—
Non-GAAP adjusted
$ 738.4
$ 17.4
$ 0.5
$ 122.2
$ 598.3
$ 1.52
Diluted shares (in millions)
392.7
(1)
Diluted EPS and adjusted diluted EPS is calculated using 392.7 million shares (includes 384.5 million basic shares and 8.2 million potential dilutive equity awards).
(2)
Contingent consideration associated with the PurgeRite acquisition.
Three months ended June 30, 2025
Operating profit
(loss)
Interest expense
(income), net
Income tax expense
(benefit)
Net income
(loss)
Diluted
EPS(1)
GAAP
$ 442.4
$ 21.3
$ 96.9
$ 324.2
$ 0.83
Amortization of intangibles
46.9
—
—
46.9
0.12
Non-GAAP adjusted
$ 489.3
$ 21.3
$ 96.9
$ 371.1
$ 0.95
Diluted shares (in millions)
389.8
(1)
Diluted EPS and adjusted diluted EPS is calculated using 389.8 million shares (includes 381.5 million basic shares and 8.3 million potential dilutive equity awards).
Six months ended June 30, 2026
Operating profit
(loss)
Interest expense
(income), net
Loss on
extinguishment of debt
Other non-operating expense
(income)
Income tax expense
(benefit)
Net income
(loss)
Diluted
EPS(1)
GAAP
$ 1,078.0
$ 13.0
$ 6.2
$ 0.5
$ 170.4
$ 887.9
$ 2.26
Amortization of intangibles
151.3
—
—
—
—
151.3
0.39
Contingent consideration(2)
62.0
—
—
—
—
62.0
0.16
Term loan credit agreement repayment(3)
—
22.9
(6.2)
—
25.6
(42.3)
(0.11)
Restructuring costs - global programs
(3.9)
—
—
—
—
(3.9)
(0.01)
Mergers and acquisition costs
3.2
—
—
—
—
3.2
0.01
Non-GAAP adjusted
$ 1,290.6
$ 35.9
$ —
$ 0.5
$ 196.0
$ 1,058.2
$ 2.70
Diluted shares (in millions)
392.5
(1)
Diluted EPS and adjusted diluted EPS is calculated using 392.5 million shares (includes 383.7 million basic shares and 8.8 million potential dilutive equity awards).
(2)
Contingent consideration associated with the PurgeRite acquisition.
(3)
Costs associated with the March 3, 2026 repayment of the Term loan credit agreement, the gain recognized in "Interest expense (income), net" and the related tax impact associated with the interest rate swaps being settled.
Six months ended June 30, 2025
Operating profit
(loss)
Interest expense
(income), net
Income tax
expense (benefit)
Net income
(loss)
Diluted
EPS(1)
GAAP
$ 733.1
$ 46.6
$ 197.8
$ 488.7
$ 1.25
Amortization of intangibles
92.9
—
—
92.9
0.24
Non-recurring tax adjustment, net(2)
—
—
(39.5)
39.5
0.10
Non-GAAP adjusted
$ 826.0
$ 46.6
$ 158.3
$ 621.1
$ 1.59
Diluted shares (in millions)
390.0
(1)
Diluted EPS and adjusted diluted EPS is calculated using 390.0 million shares (includes 381.2 million basic shares and 8.8 million potential dilutive equity awards).
(2)
Nonrecurring tax adjustment of $39.5 million due to recently issued guidance which changes our assessment of our realizability of certain deferred tax assets.
Vertiv Holdings Co
2026 Adjusted Guidance
Reconciliation of Diluted EPS to Adjusted Diluted EPS(1)
Third Quarter 2026
Operating profit
(loss)
Interest expense
(income), net
Income tax
expense (benefit)
Net income
(loss)
Diluted
EPS(2)
GAAP
$ 838.8
$ 20.7
$ 189.0
$ 629.1
$ 1.60
Amortization of intangibles
79.2
—
—
79.2
0.20
Non-GAAP adjusted
$ 918.0
$ 20.7
$ 189.0
$ 708.3
$ 1.80
Diluted shares (in millions)
392.8
Full Year 2026
Operating profit
(loss)
Interest expense
(income), net
Loss on
extinguishment of debt
Other non-operating
expense (income)
Income tax
expense (benefit)
Net income
(loss)
Diluted
EPS(3)
GAAP
$ 2,956.9
$ 49.5
$ 6.2
$ 0.5
$ 596.2
$ 2,304.5
$ 5.87
Amortization of intangibles
306.8
—
—
—
—
306.8
0.78
Contingent consideration(4)
62.0
—
—
—
—
62.0
0.16
Term loan credit agreement repayment(5)
—
22.9
(6.2)
—
25.6
(42.3)
(0.11)
Restructuring costs - global programs
(3.9)
—
—
—
—
(3.9)
(0.01)
Mergers and acquisition costs
3.2
—
—
—
—
3.2
0.01
Non-GAAP adjusted
$ 3,325.0
$ 72.4
$ —
$ 0.5
$ 621.8
$ 2,630.3
$ 6.70
Diluted shares (in millions)
392.8
(1)
Information reconciling certain forward-looking GAAP measures to non-GAAP measures related to FY 2026 guidance, including organic net sales growth, adjusted operating margin and adjusted free cash flow, is not available without unreasonable effort due to high variability, complexity and uncertainty with respect to forecasting and quantifying certain amounts that are necessary for such reconciliations. For the same reasons, we are unable to compute the probable significance of the unavailable information, which could have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results.
(2)
Diluted EPS and adjusted diluted EPS based on 392.8 million shares (includes 385.0 million basic shares and 7.8 million potential dilutive equity awards).
(3)
Diluted EPS and adjusted diluted EPS based on 392.8 million shares (includes 384.4 million basic shares and 8.4 million potential dilutive equity awards).
(4)
Contingent consideration associated with the PurgeRite acquisition.
(5)
Costs associated with the March 3, 2026 repayment of the Term loan credit agreement, the gain recognized in "Interest expense (income), net" and the related tax impact associated with the interest rate swaps being settled.
Vertiv čeká, že jeho divize Americas zůstane hlavním tahounem růstu díky silné poptávce po AI datových centrech. V 1. čtvrtletí tržby v regionu meziročně vyskočily o 53 %.
Key Takeaways Vertiv's Americas segment is expected to lead second-quarter growth on strong AI data center demand. VRT expanded cooling offerings, manufacturing and services to support AI-ready infrastructure growth. Vertiv's global expansion and partner wins support demand ahead of second-quarter earnings. Vertiv (VRT - Free Report) is scheduled to report second-quarter 2026 results on July 29, with its Americas segment expected to remain the company’s primary growth engine. Robust investments in artificial intelligence (AI) infrastructure, accelerating hyperscale data center deployments and sustained demand for advanced power and thermal management solutions are likely to support another strong quarter for the region.
The Americas business has consistently outperformed Vertiv's other geographic segments over the past several quarters. In the first quarter of 2026, Americas revenues surged 53% year over year, while organic sales increased 44%, significantly outperforming APAC and EMEA. This robust performance was driven by broad-based demand across nearly all product lines, reflecting the region's dynamic data center market and Vertiv's ability to capture expanding opportunities.
Click here to know how VRT’s overall second-quarter performance is likely to be.
VRT Benefits From Manufacturing and Cooling PortfolioVRT’s expanding portfolio and acquisitions are expected to have driven growth in the to-be-reported quarter. Strategic acquisitions, such as PurgeRite, have strengthened Vertiv’s liquid cooling and system-level service offerings, which are critical for modern data centers.
The integration of solutions like SmartRun and OneCore enables the company to deliver converged, prefabricated systems at scale, supporting higher margins and differentiating the company from competitors like Super Micro Computer (SMCI - Free Report) and Amphenol (APH - Free Report) , which are expanding their offerings to support high-density, AI-driven data center deployments.
Another important growth driver is Vertiv’s expanding manufacturing footprint across North America. In June 2026, Vertiv launched PurgeRite NearZero, a fluid management service for commissioning closed-loop hydronic systems in data centers and mission-critical facilities in North America. The solution reduces water usage, wastewater generation and hauling requirements, thereby improving efficiency and sustainability during system commissioning.
The company has provided guidance that reflects continued confidence in the Americas’ ability to drive results. The company projects net sales at the midpoint of $3.35 billion, representing 27% year-over-year growth, and adjusted operating profit at the midpoint of $710 million, up 45% year over year. The Americas’ contribution is expected to remain significant, as the region’s pipeline continues to expand and the company converts opportunities into revenue. The Zacks Consensus Estimate for Americas revenues is pegged at $2.32 billion, representing a 28.4% sequential increase.
VRT Benefits From Strong International ExpansionVertiv is benefiting from strong international expansion, which is increasingly becoming a key driver of its growth and a signal for further upside potential. This broad-based international momentum demonstrates Vertiv’s ability to capture demand in diverse markets, positioning the company to leverage global infrastructure trends, especially in data centers and AI deployments.
The positive impact of international expansion is also evident in Vertiv’s customer wins and collaborations. In the first quarter of 2026, Vertiv’s converged infrastructure solutions were selected by EcoDataCenter’s AI-focused data center in Sweden, highlighting the company’s ability to deliver advanced, integrated solutions for demanding global clients. This trend is expected to have continued in the to-be-reported quarter.
Further expanding its international footprint, the company recently announced investments at its Tognana campus near Padua, Italy, to expand manufacturing and testing capabilities for AI-ready data center cooling systems.
The expansion is expected to double regional chiller production capacity by the end of 2026 and add a large-scale testing laboratory in early 2027 to validate chillers integrated with liquid cooling systems under high-density AI workloads. The investment strengthens Vertiv’s ability to meet growing demand for AI and high-performance computing infrastructure while accelerating product development, testing and customer deployment of advanced thermal management solutions.
VRT Benefits From Rich Partner BaseVertiv’s rich partner base, which includes Hut 8, NVIDIA (NVDA - Free Report) , Generate Capital, Caterpillar, Ballard Power Systems, Compass Datacenters, Oklo, Intel, ZincFive and Tecogen, has been noteworthy.
The company’s partnership with NVIDIA has been a key catalyst. Vertiv recently deployed integrated power, liquid cooling, rack infrastructure and installation services to support the Naval Postgraduate School’s new NVIDIA DGX GB300 AI system. The project modernizes an existing facility with a three-rack Vertiv SmartIT configuration, enabling high-density AI computing for research, modeling and simulation. The deployment highlights Vertiv’s ability to accelerate enterprise AI infrastructure rollouts with scalable, pre-engineered solutions.
Zacks Rank & Upcoming Earnings to WatchShares of Super Micro Computer and Amphenol have gained 2.8% and 12.9% in the year-to-date period, respectively.
Vertiv v první polovině roku 2026 vzrostl o 106,7 % díky prudkému růstu objednávek a poptávce po chlazení datových center pro AI. Backlog se vyšplhal na více než 15 miliard USD.
Vertiv Holdings (VRT -0.81%) stock more than doubled in the first half of 2026, surging 106.7% overall according to data provided by S&P Global Market Intelligence. It hit a 52-week high of $379.93 in mid-May.
When hyperscalers committed to spending over $650 billion combined going into 2026, they ran into a massive physical bottleneck. Artificial intelligence (AI) data centers stacked with high-density chips draw insane amounts of power and generate heat that would melt standard air-conditioning and power systems. Multi-billion-dollar AI infrastructures would crumble if you can't cool down those server racks 24X7.
That's where Vertiv stepped in and essentially cornered the market. Between explosive order flows, earnings growth, and acquisitions, the stock skyrocketed in the first six months of the year.
Image source: Getty Images.
A $15 billion backlog Because direct-to-chip liquid cooling has become an absolute necessity for data centers, Vertiv's order book is exploding. Its fourth-quarter organic orders jumped 252% year over year, and backlog more than doubled to a record $15 billion.
Its Q1 numbers again beat estimates, with net sales and operating profit surging 30% and 51%, respectively.
The company didn't disclose first-quarter orders, but expects strong order growth this year. Management immediately raised its full-year outlook, projecting 29% to 31% organic sales growth and 66% earnings-per-share growth at the midpoint.
Those numbers sent the stock into a tizzy, but Vertiv didn't just ride the numbers game.
Aggressive expansion to meet AI demand Vertiv has deepened its partnership with Nvidia this year.
Today's Change
(
-0.81
%) $
-2.48
Current Price
$
302.02
It adapted its existing OneCore modular infrastructure line into a version built for Nvidia's Vera Rubin DSX AI factory blueprint. Vertiv also added a digital twin of its SmartRun infrastructure system, allowing data center builders to simulate and test their power and cooling setup virtually before construction using Nvidia's software.
Vertiv is positioning itself as a core partner in Nvidia's AI build-out, and that's one of the reasons the stock has drawn investor attention in recent months.
Knowing that liquid-cooling components would be a bottleneck, Vertiv also went on a strategic buying spree, lapping up Strategic Thermal Labs, BMarko Structures, and ThermoKey, all in the first half of 2026.
In between, Vertiv announced a major expansion program, including two new manufacturing facilities in South Carolina that alone could boost regional capacity by nearly 7 times at full capacity. It also announced expansions in Pennsylvania and Mexico.
Should you buy Vertiv stock before July 29? Several analysts lifted their price targets as Vertiv stock outran their models. Loop Capital is among the most bullish, with a $500 per share price target. Analysts from the firm expect AI spending on power and cooling systems to surge through 2028, expanding Vertiv's AI data center revenue opportunity by almost 7x between 2023 and 2028.
Vertiv continues to expand. In July alone, it has opened a manufacturing facility in Malaysia to cater to AI infrastructure demand across Asia, including Southeast Asia, North Asia, Australia, and New Zealand. It has also announced plans to double chiller production near Italy by the end of this year.
Grand View Research's June report predicts that the global data center liquid cooling market will grow at an annualized rate of 20% from 2026 to 2033. Asia-Pacific will be the fastest-growing market, according to the report.
Vertiv is a hyper-growth AI infrastructure play, and remains a solid buy for 2026 and beyond. July 29 is the next big date to watch, when the company announces its second-quarter results before market open.
Baader Bank Aktiengesellschaft bought a new position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,105 shares of the company’s stock, valued at approximately $490,000.
Several other hedge funds also recently made changes to their positions in the business. SFE Investment Counsel increased its stake in Vertiv by 1.1% in the first quarter. SFE Investment Counsel now owns 3,052 shares of the company’s stock valued at $765,000 after acquiring an additional 32 shares during the last quarter. Webster Bank N. A. increased its stake in shares of Vertiv by 6.9% in the 1st quarter. Webster Bank N. A. now owns 542 shares of the company’s stock valued at $136,000 after purchasing an additional 35 shares during the last quarter. Sachetta LLC raised its holdings in shares of Vertiv by 41.4% during the 1st quarter. Sachetta LLC now owns 123 shares of the company’s stock worth $31,000 after buying an additional 36 shares in the last quarter. Onyx Bridge Wealth Group LLC lifted its position in shares of Vertiv by 2.1% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 1,908 shares of the company’s stock worth $478,000 after buying an additional 40 shares during the last quarter. Finally, Quotient Wealth Partners LLC boosted its stake in Vertiv by 2.5% in the first quarter. Quotient Wealth Partners LLC now owns 1,813 shares of the company’s stock valued at $454,000 after buying an additional 45 shares in the last quarter. 89.92% of the stock is owned by institutional investors.
Vertiv Stock Performance NYSE:VRT opened at $304.73 on Wednesday. The company has a fifty day moving average of $317.64 and a 200-day moving average of $272.03. The firm has a market capitalization of $117.05 billion, a P/E ratio of 76.56, a P/E/G ratio of 1.26 and a beta of 2.03. The company has a quick ratio of 1.15, a current ratio of 1.49 and a debt-to-equity ratio of 0.69. Vertiv Holdings Co. has a twelve month low of $118.70 and a twelve month high of $379.93.
Vertiv (NYSE:VRT – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.17. Vertiv had a return on equity of 49.90% and a net margin of 14.37%.The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.63 billion. During the same period in the previous year, the company posted $0.64 EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vertiv Holdings Co. will post 6.38 EPS for the current year.
Vertiv Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Monday, June 15th were given a $0.0625 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.25 annualized dividend and a yield of 0.1%. Vertiv’s dividend payout ratio (DPR) is presently 6.28%.
Wall Street Analysts Forecast Growth A number of equities research analysts have recently weighed in on VRT shares. Bank of America raised their price target on shares of Vertiv from $370.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, May 15th. BNP Paribas Exane began coverage on shares of Vertiv in a research note on Tuesday, April 14th. They issued an “outperform” rating and a $345.00 price objective for the company. HSBC began coverage on shares of Vertiv in a research note on Wednesday, March 25th. They set a “buy” rating and a $325.00 target price on the stock. TD Cowen increased their price target on Vertiv from $347.00 to $387.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group restated a “hold” rating and set a $260.00 price objective (down from $280.00) on shares of Vertiv in a research report on Tuesday, March 31st. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $342.73.
Read Our Latest Stock Analysis on VRT
Key Vertiv News Here are the key news stories impacting Vertiv this week:
Positive Sentiment: Vertiv announced a major expansion at its Tognana campus in Italy to increase manufacturing and testing for data center cooling systems, with chiller production capacity expected to double by the end of 2026. The move supports rising demand tied to AI and high-density computing. Vertiv Expands Global Manufacturing Capacity for AI-Ready Data Center Cooling Solutions Positive Sentiment: Vertiv completed the acquisition of Strategic Thermal Labs, adding advanced liquid-cooling and cold-plate expertise that should strengthen its offerings for AI servers and other power-dense computing environments. Vertiv (VRT) Is Buying Strategic Thermal Labs For AI Cooling Growth Positive Sentiment: Separately, Zacks highlighted Vertiv as one of several stocks offering both AI exposure and dividend payouts, keeping the name on investors’ radar as an AI beneficiary with income appeal. These Stocks Offer AI Exposure and Dividend Payouts Neutral Sentiment: Vertiv has also been attracting unusual investor attention and media coverage, which can boost trading activity but does not by itself change the company’s fundamentals. Vertiv Holdings Co. (VRT) is Attracting Investor Attention: Here is What You Should Know Negative Sentiment: Jim Cramer’s “wait before buying the dip” comment is a cautious signal that may temper near-term enthusiasm, though it is more opinion than a direct company-specific warning. Jim Cramer says wait before buying the dip on Vertiv Vertiv Company Profile (Free Report)
Vertiv is a global provider of critical digital infrastructure and continuity solutions for data centers, communication networks and commercial and industrial environments. Headquartered in Columbus, Ohio, the company designs, manufactures and services equipment and software that support power availability, thermal management and IT infrastructure management for a broad set of end markets, including hyperscale and enterprise data centers, colocation providers, telecom operators and industrial customers.
The company’s product portfolio includes uninterruptible power supplies (UPS), power distribution units (PDUs), battery and DC power systems, precision cooling and thermal management equipment, racks and enclosures, and integrated modular infrastructure.
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Vertiv rozšiřuje závod v Tognaně u Padovy, aby do konce roku 2026 zdvojnásobil regionální kapacitu výroby chillerů pro datová centra. Nová laboratoř pro testování má být hotová začátkem roku 2027.
Expansions at the company's Tognana, Italy, technology campus support growing worldwide demand for advanced thermal infrastructure and strengthen Vertiv's cooling innovation capabilities
, /PRNewswire/ -- Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced investments at its Tognana campus near Padua, Italy, to expand manufacturing and integrated testing capabilities for data center cooling systems. The company expects the investments to double chiller production capacity in the region by the end of 2026 and plans to complete a new large-scale testing laboratory in early 2027, supporting growing demand for AI and high-density computing infrastructure.
Vertiv expects to double regional chiller manufacturing capacity with the expansion of its Tognana, Italy facility. The new laboratory will enable testing of large-scale chillers and validate their integration with liquid cooling systems under high-density load conditions and extreme temperature ranges. The expanded capability is intended to help customers validate thermal performance under expected site conditions and deploy increasingly complex cooling systems with greater speed and confidence.
"AI is driving thermal demands that didn't exist two years ago, with higher densities, faster deployment demands, and no room to compromise on reliability," said Gio Albertazzi, CEO of Vertiv. "The expansion at Tognana puts us further ahead with more manufacturing capacity, integrated testing, and advanced thermal management systems built for current and future generations of silicon. This investment reinforces our position at the front of the curve."
The campus serves as one of Vertiv's principal centers for cooling technology development, integrating research and development, product management, manufacturing, testing, and customer engagement. The site includes a Customer Experience Center where customers and consultants can participate in witness testing of a broad range of cooling technologies across the thermal chain under real-world operating conditions.
For more information on Vertiv's leading portfolio of power and thermal management, infrastructure solutions, IT systems, and services for critical digital applications, visit Vertiv.com.
About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.
Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
AI chips are fueling the latest technology. For example, chatbots, autonomous vehicles, and humanoid robots all need powerful parallel processors that can process massive amounts of data rapidly so they can respond to questions or what's happening in the environment around them in real-time.
However, when they're working, those AI chips get extremely hot, which can result in reduced performance, component damage, shortened chip lifespans, and even fires. That's why liquid cooling systems are a part of every data center. They prevent the chips from overheating, and those systems are as vital to the AI boom as the chips themselves.
Vertiv (VRT +0.75%) is among the leaders in data center liquid cooling. Its stock is up by more than 60% year to date, soundly outperforming the S&P 500 over that period. Its key role in AI infrastructure suggests that its momentum could be sustainable.
Image source: Getty Images.
More data centers increase the demand for liquid cooling solutions Vertiv's revenue growth will depend on the success of Nvidia and the continuation of the data center build-out. The leading chipmaker's 85% year-over-year revenue growth in its fiscal 2027 first quarter shows that chips are still in high demand. Each of those chips will need liquid cooling to actually function.
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The data center narrative is even more compelling. Market intelligence company Cleanview asserts that there are 1,214 large-scale data centers operating in the U.S., with another 1,714 data centers planned. The site also lists 55,509 megawatts in operating capacity, compared to 369,555 megawatts in planned capacity.
Iren's Childress site tops the list as the largest operating data center in the U.S., at 750 megawatts. Meanwhile, the nine largest data centers in development will all exceed 5 gigawatts. That indicates just how huge the market is for liquid cooling solutions of the type that Vertiv provides.
Vertiv's pricing power is growing Naturally, all of the upcoming data centers have boosted demand for Vertiv's services, which has given it strong pricing power. The company reported 30% year-over-year revenue growth in the first quarter while more than doubling its net income.
Vertiv's net profit margins comfortably sit in the double digits and may continue to inch higher if current growth rate trends prevail. Given the soaring demand for new data center capacity, that's likely. However, Vertiv also benefits since its services are required to maintain the liquid cooling systems it installs. Every new data center site represents a potential customer and a potential recurring revenue source.
In its Q1 report, management did not mention the company's backlog, but Vertiv wrapped up 2025 with a book-to-bill backlog of $15 billion, which was a 109% year-over-year increase. And Vertiv recently opened a new manufacturing facility in Malaysia so it can serve more customers, evidence that it expects AI demand to keep growing.
Strategic Thermal Labs delivers advanced liquid cooling and thermal engineering solutions for high-performance computing
, /PRNewswire/ -- Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the sale of Strategic Thermal Labs (STL), a specialist in advanced liquid-cooling technologies, to a wholly owned subsidiary of Vertiv Holdings Co. (NYSE: VRT), a global leader in critical digital infrastructure.
Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the sale of Strategic Thermal Labs (STL), a specialist in advanced liquid-cooling technologies, to a wholly owned subsidiary of Vertiv Holdings Co. (NYSE: VRT), a global leader in critical digital infrastructure. BGL's Digital Infrastructure investment banking team served as the exclusive financial advisor to Strategic Thermal Labs. Learn more here: https://www.bglco.com/industry-coverage/infrastructure-investment-banking/digital-infrastructure-investment-banking/
Headquartered in Georgetown, Texas, STL is a thermal engineering firm specializing in direct-to-chip liquid cooling, including the design and development of high-performance cold plate solutions. The company provides deep expertise and proven capability in addressing some of the industry's most demanding chip-level density and thermal challenges across data centers, high-performance computing, and AI-driven infrastructure.
Headquartered in Westerville, Ohio, Vertiv provides power, cooling, and IT infrastructure solutions and services that support critical applications across data centers, communication networks, and commercial and industrial environments.
Transaction Details
The acquisition extends Vertiv's thermal-chain strategy by strengthening engineering capability at the interface between server-side liquid cooling and supporting infrastructure—an increasingly critical factor in high-density, liquid-cooled environments supporting AI and high-performance computing workloads. The addition of Strategic Thermal Labs supports Vertiv's broader strategy of helping customers address increasing infrastructure complexity through integrated power, thermal, controls, and lifecycle services capabilities. Strategic Thermal Labs adds proven cold-plate design, server-side liquid cooling, and high-density thermal validation expertise and engineering capability that is expected to strengthen Vertiv's ability to simulate and emulate real high-density compute conditions, optimize the interaction between the thermal chain and power train, and support customers across design, integration, commissioning, and lifecycle operations. About BGL's Digital Infrastructure Investment Banking Team
BGL's Digital Infrastructure investment banking team helps clients both create and maximize value across various sectors, including broadband, wireless, data centers & managed services, towers & wireless infrastructure, and digital infrastructure services.
To learn more about BGL's recent transactions in digital infrastructure investment, visit our Transaction page.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public corporations and private equity groups on mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions, and other strategic matters. BGL has offices in Boston, Chicago, Cleveland, Los Angeles, and New York. The firm is also a founding member of REACH Cross-Border Mergers & Acquisitions, enabling BGL to service clients in 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC. For more information, please visit www.bglco.com.
Vertiv ve 1. čtvrtletí 2026 zvýšil tržby o 30 % na 2,65 miliardy USD a upravený zředěný EPS o 83 % na 1,17 USD. Firma zároveň zvýšila celoroční výhled.
Vertiv (VRT 0.74%) is getting renewed investor attention as artificial intelligence spending shifts from hype to real-world build-outs. That's because every new data center uses huge amounts of electricity and produces huge amounts of heat.
Without reliable power supplies, robust backup systems, and advanced cooling, the world's most powerful AI chips are basically expensive paperweights. Vertiv sells power and cooling gear that data centers can't run without. That helps explain the 1,070% surge in Vertiv's stock over the past five years as investors chased the infrastructure side of the AI story.
The question for investors today, though, is whether the fundamentals can support more upside from here.
Image source: Getty Images.
The data center boom is already showing up in Vertiv's numbers In the first quarter of 2026, Vertiv's revenue increased 30% year over year to $2.65 billion. Adjusted diluted earnings per share (EPS) jumped 83% to $1.17.
Management also raised its 2026 guidance, projecting revenue of $13.5 billion to $14 billion for the year, and adjusted EPS of $6.30 to $6.40.
Step back a bit further, and the trend is hard to miss. Over the last three years, Vertiv's revenue and net income have improved significantly. Together, it suggests Vertiv's push into AI-related data center demand is already translating into results. That's impressive for a company that has only been public for six years.
So what could keep the momentum going?
Artificial intelligence could reach $2 trillion by 2034 Vertiv's biggest catalyst is its position serving the AI build-out. There are forecasts that the artificial intelligence industry will grow to a value of $2 trillion by 2034. It's hard to imagine that happening without a lot more data centers.
That's where the spending wave comes in. The four major hyperscalers -- Microsoft, Meta Platforms, Amazon, and Alphabet -- have all been vocal about their plans to increase capital expenditures tied to AI and infrastructure. Some portion of that money will inevitably flow into the less-glamorous parts of the stack, like power, cooling, and the hardware needed to keep data centers running reliably.
Vertiv hasn't publicly disclosed major contracts with AWS, Microsoft, Google, or Meta. Still, it has announced an engineering partnership with Nvidia to develop power and liquid-cooling architectures that hyperscalers may use when deploying next-generation AI systems. That kind of partnership can provide a company with enhanced credibility and help open doors to additional deals over time.
Its P/E of 80 could be a cause for concern The catch is that Vertiv's stock has moved much faster than most "normal" valuation models would expect.
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Shares are up about 150% over the last 52 weeks and more than 3,000% since it went public in 2020 via a reverse merger with a special purpose acquisition company (SPAC). The stock also trades at roughly 80 times earnings. At today's price, investors are paying about $80 for every $1 of profit the company generates.
On a traditional basis, that's a steep premium. It's also not unique in the AI trade, where investors are often willing to pay up now for growth they expect to show up later.
Even so, Vertiv's valuation stands out compared with some of the biggest names in tech. Nvidia trades around 32 times earnings, Meta around 24, Microsoft around 23, and Amazon and Alphabet are both below 30.
Does that mean investors should avoid Vertiv simply because the price-to-earnings ratio is high? Not necessarily. Such a premium could be justified if growth remains strong and demand for data center infrastructure continues to accelerate. If AI spending is still in its early innings and hyperscalers continue to build out capacity, Vertiv's business could grow enough to match today's optimistic valuation.
Is Vertiv a buy? For long-term investors with a higher tolerance for volatility, Vertiv could be a compelling buy. The stock isn't cheap, but the company's leadership in power and cooling, plus AI's shift from hype to real-world infrastructure spending, gives the thesis room to keep working.
If the "real economy" phase of AI is just getting started, Vertiv may remain one of the clearer ways to ride it, even if the path is bumpy.
Akcie Vertiv 30. června vyskočily o 9,1 % poté, co Jižní Korea oznámila rozsáhlý program investic do polovodičů a AI infrastruktury. Firma sama žádné nové zprávy nevydala.
Artificial intelligence stocks often move on earnings reports, product launches, or analyst upgrades. Vertiv Holdings (NYSE: VRT | VRT Price Prediction) did none of those things on June 30, yet its shares climbed 9.1%, adding nearly $11 billion in market value in a single trading session. The catalyst originated more than 6,000 miles away in Seoul, where the South Korean government unveiled one of the world’s most ambitious semiconductor and AI infrastructure investment programs. That reaction illustrates how investors increasingly view AI infrastructure companies as global beneficiaries of AI investment, regardless of where those investments originate.
That’s an unusual way for an industrial company to gain nearly $11 billion in market value, but it says a great deal about how Wall Street now views AI infrastructure. Investors are increasingly reacting not just to company-specific news, but to any development that suggests the global AI buildout will continue accelerating.
That disconnect between where the news occurred and where investors directed their money explains much about how Wall Street is beginning to value the next phase of the AI infrastructure cycle. Increasingly, investors are reacting not simply to company-specific developments but to any indication that global AI spending will continue expanding. Vertiv has become one of the clearest beneficiaries of that trend because its products sit at the heart of virtually every modern AI data center.
The question investors now face is whether Vertiv has become the best way to invest in the global AI infrastructure buildout, or whether its shares have become a high-beta proxy for AI enthusiasm that could swing sharply whenever sentiment changes. That distinction may determine whether June 30 marks the start of another leg higher, or just another volatile day in one of the market’s fastest-growing infrastructure names.
The $576 Billion Catalyst: South Korea’s AI Ambition The news that ignited the rally came from South Korea, where President Lee Jae Myung announced a sweeping national initiative to strengthen the country’s leadership in semiconductors and artificial intelligence.
According to Table 1, South Korea’s announcement represents one of the largest government-supported AI infrastructure initiatives announced anywhere in the world. Although much of the investment will be directed toward semiconductor manufacturing, every new AI data center also requires extensive electrical distribution, power management, thermal management, and cooling infrastructure before computing hardware can be deployed. That is why investors immediately connected the announcement to companies such as Vertiv.
Vertiv was never mentioned during the announcement. It did not need to be. Every large AI data center requires electrical distribution equipment, power conversion systems, backup power, liquid cooling, thermal management, and monitoring software before a single AI accelerator is ever installed — regardless of whether the chips inside come from Nvidia, AMD, custom ASIC programs, or future architectures.
Markets make these connections long before company press releases do. Investors recognized immediately that a program of this magnitude would require far more than semiconductors—it would require the electrical and thermal infrastructure that allows AI data centers to operate.
Why Vertiv Wins Regardless of Which Chip Wins That reality increasingly explains why investors have begun viewing Vertiv as a direct beneficiary of global AI investment rather than merely another industrial equipment company. When governments or hyperscale cloud providers announce multi-billion-dollar AI infrastructure programs, investors immediately ask which companies will supply the essential systems that make those facilities operable — and Vertiv consistently appears near the top of that list.
The June 30 rally illustrates just how tightly Vertiv’s stock is now tied to AI infrastructure sentiment. The company issued no press release, offered no updated guidance, and announced no new customer wins. Investors simply interpreted Seoul’s announcement as fresh confirmation that global AI infrastructure spending remains in its early stages — a read that lines up with hyperscaler capex programs in the U.S., sovereign AI strategies across Europe, the Middle East, and Asia, and gradually rising enterprise adoption of generative AI workloads.
Unlike semiconductor manufacturers, whose growth depends partly on which AI accelerator wins market share, Vertiv benefits regardless of which computing platform customers choose. That broad exposure lets the company participate across the entire AI ecosystem rather than betting on a single chip architecture.
The Real Bottleneck: Power, Not Processors Management has been expanding Vertiv’s technological reach to address one of the industry’s fastest-growing challenges: delivering enough electrical power to increasingly dense AI computing environments. At Vertiv’s May 2026 Investor Conference, Chief Product and Technology Officer Scott Armul laid out just how quickly rack power requirements are escalating. According to Table 2, AI computing density is increasing at an extraordinary pace. Rack power requirements that only recently averaged approximately 140 kilowatts are already approaching 300 kilowatts, with 600-kilowatt systems under development and one-megawatt racks appearing on long-term technology roadmaps. This dramatic increase explains why electrical infrastructure and thermal management are becoming the primary constraints on future AI data center expansion.
That trajectory is reshaping data center design. Historically, attention centered on processors and networking gear. Today, electrical distribution, battery storage, cooling architecture, and grid integration increasingly determine whether an AI facility can be built and run efficiently at all — the bottleneck is shifting from compute hardware to the infrastructure needed to deliver that much reliable power.
Vertiv has responded with integrated products that combine medium-voltage switchgear, battery energy storage, and uninterruptible power systems into unified platforms built for multi-megawatt AI installations — designed not just as backup equipment, but to help AI campuses act as active participants within increasingly constrained electrical grids. Industry commentary increasingly backs this integration thesis: as rack densities rise, power management, liquid cooling, and thermal control stop being separate engineering disciplines and start being one interconnected system, favoring suppliers who can deliver the whole stack rather than individual components.
Vertiv’s Own Numbers: Growth With Visibility According to Table 3, Vertiv participates across nearly every major infrastructure layer required to operate a modern AI data center. Unlike semiconductor manufacturers, whose revenues depend partly on which AI accelerator customers adopt, Vertiv benefits regardless of the processor architecture because every AI installation requires reliable power delivery, thermal management, backup power, and increasingly sophisticated liquid-cooling systems.
Demand is supported by a substantial order backlog that gives Vertiv unusually strong revenue visibility for an industrial company. While many manufacturers rely on short-term orders that swing with economic conditions, Vertiv enters each quarter with a significant share of future revenue already committed by customers.
The confidence reflected in that backlog is also evident in Vertiv’s manufacturing expansion strategy. Earlier this year, the company opened a new manufacturing facility in Johor, Malaysia, its first in Southeast Asia. The facility will produce power systems, liquid-cooling equipment, and integrated infrastructure for customers across Southeast Asia, North Asia, Australia, and New Zealand. By adding manufacturing capacity well before AI infrastructure demand is expected to peak, management is signaling confidence that hyperscaler and sovereign AI investments will continue driving orders for years rather than quarters.
That confidence also shows up in capital allocation: earlier this year, Vertiv announced a new manufacturing facility in Johor, Malaysia, built to serve fast-growing demand across Southeast Asia, North Asia, Australia, and New Zealand. Expanding production capacity years ahead of anticipated demand peaks suggests management expects AI infrastructure investment to stay strong well beyond the current product cycle.
The Valuation Question: Bull Case vs. Bear Case According to Table 4, the investment debate surrounding Vertiv is straightforward. Supporters believe the company’s exceptional growth rate, expanding margins, and broad exposure to AI infrastructure justify a premium valuation. Skeptics counter that much of that future success has already been reflected in the share price, leaving little room for execution missteps should AI capital spending moderate.
The valuation debate is straightforward. Investors aren’t questioning whether Vertiv is benefiting from AI infrastructure spending—they’re debating how much of that future growth is already reflected in today’s share price.
What to Watch: Q2 Earnings The South Korean announcement demonstrated that AI infrastructure investment is no longer driven exclusively by U.S. hyperscale cloud providers. Governments increasingly treat artificial intelligence as strategic national infrastructure, requiring domestic investment in computing capacity, semiconductor manufacturing, and the electrical systems underneath it all. Every new sovereign AI initiative expands the addressable market for companies supplying that infrastructure — arguably more consequential for Vertiv’s long-term story than any single quarter.
The next real test arrives when Vertiv reports second-quarter results later this month. Investors will be watching revenue growth, order trends, operating margins, backlog conversion, and management’s outlook for the rest of 2026 — the figures that will determine whether the business keeps validating the optimism already priced into the stock.
Bottom Line June 30 answered one question while leaving another open. It confirmed that Wall Street increasingly views Vertiv as one of the purest publicly traded beneficiaries of the global AI infrastructure buildout. What’s still uncertain is whether the growth investors are now pricing in can continue long enough to justify the expectations already baked into the share price. In today’s market, sentiment can move a stock 9% in a matter of hours — sustained earnings growth is what determines whether those gains hold.
One additional factor investors should keep in mind is that AI infrastructure spending is becoming increasingly global rather than concentrated in a handful of U.S. technology companies. South Korea’s announcement illustrates how governments now view artificial intelligence as a strategic national asset requiring long-term investment in computing capacity, electrical infrastructure, and advanced semiconductor manufacturing. If similar initiatives continue to emerge in Europe, the Middle East, and other parts of Asia, companies such as Vertiv could benefit from multiple independent sources of demand rather than relying solely on the capital spending plans of a few hyperscale cloud providers. That broader geographic diversification could become an important driver of long-term growth, even as investors continue debating the company’s premium valuation.
Contact [email protected] for any questions or corrections.
Vertiv otevřel v Johoru v Malajsii nový výrobní závod pro AI a vysokohustotní výpočetní infrastrukturu v regionu APAC. Bude vyrábět napájecí, chladicí a integrovaná řešení včetně kapalinového chlazení.
Key Takeaways VRT expanded in Johor to boost AI and high-density computing infrastructure capacity across APAC. The site will make power, cooling and integrated infrastructure solutions, including liquid cooling systems. VRT shares have surged 88.6% year to date, while its Price/Book valuation stands above the sector. Vertiv (VRT - Free Report) is benefiting from the accelerating global demand for artificial intelligence (AI) infrastructure and its expansion in Malaysia is a strategic move to capture growth in the Asia-Pacific (APAC) region. In the first quarter of 2026, Vertiv reported robust organic sales growth across multiple regions, with the Americas leading at 44% organic growth and APAC up 12%. In 2026, the company expects high-30s organic growth in the Americas, mid-20s in APAC and a return to growth in EMEA in the second half of the year.
The expansion in Malaysia is part of VRT’s broader strategy to increase its manufacturing and service footprint across APAC. The company recently opened a new manufacturing facility in Johor, Malaysia, expanding its production capacity to meet rising demand for AI and high-density computing infrastructure across Asia. The site strengthens Vertiv’s regional manufacturing, engineering, logistics and deployment capabilities while enhancing supply-chain resilience.
It will manufacture advanced power, cooling and integrated infrastructure solutions, including liquid cooling systems and prefabricated power modules, supported by full-scale testing. The expansion is expected to accelerate the deployment of AI-ready data centers, reduce implementation risks and improve customer responsiveness across Southeast Asia, North Asia, Australia and New Zealand.
This expansion is part of a larger strategy at Vertiv to increase manufacturing capacity to meet rising demand in AI infrastructure. Its strong portfolio will continue to benefit the company’s top-line growth. For the second quarter of 2026, revenues are expected to be between $3.25 billion and $3.45 billion, reflecting confidence in sustained AI infrastructure spending.
VRT Faces Stiff CompetitionVertiv faces intense competition from Super Micro Computer (SMCI - Free Report) and Amphenol (APH - Free Report) . Both Super Micro Computer and Amphenol are expanding their AI infrastructure portfolios.
Super Micro Computer continues to broaden its AI infrastructure offerings through collaborations with AMD, Arm and NVIDIA. The company has introduced new rack-scale AI platforms and data center building blocks designed to accelerate the deployment of large-scale AI and agentic AI workloads, intensifying competition in AI-ready infrastructure.
Amphenol is also benefiting from rising AI infrastructure investments. In the first quarter of 2026, IT datacom accounted for approximately 41% of sales and grew 81% organically year over year, driven by accelerating investments in AI data centers and strong demand for high-speed connectivity and interconnect solutions.
Vertiv’s Share Price Performance, Valuation & EstimatesVRT’s shares have surged 94.4% in the year-to-date (YTD) period compared with the broader Zacks Computer & Technology sector's 14.7% growth. The Zacks Computers - IT Services industry declined 23.3% in the same time frame.
VRT's YTD Stock Performance
Image Source: Zacks Investment Research
Vertiv stock is trading at a premium, with a trailing 12-month Price/Book of 27.65X compared with the sector’s 10.63X. VRT has a Value Score of D.
VRT Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $6.38 per share, which has increased 3.73% over the past 30 days. This indicates a 51.90% increase from the reported figure of 2025.
Vertiv currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Vertiv i Eaton těží z AI boomu díky rostoucím backlogům a silné poptávce po napájecí a chladicí infrastruktuře pro datová centra. Vertiv má backlog přes 15 miliard USD, Eaton 14,5 miliardy USD.
While software providers and chipmakers grab the biggest headlines, the artificial intelligence (AI) revolution is fundamentally a hardware story. The massive computing clusters required for artificial intelligence cannot run without two critical elements: staggering amounts of electrical power and highly sophisticated cooling systems.
Industrial companies Vertiv (VRT +8.32%) and Eaton (ETN +3.79%) help provide the essential infrastructure that keeps these artificial intelligence-focused data centers running.
Image source: Getty Images.
Vertiv, based in Westerville, Ohio, produces power and thermal solutions for data centers, mainly direct-to-chip liquid cooling, and has recurring revenue from its global services network.
Eaton, based in Ireland, is a power management company that designs and manufactures heavy-duty electrical infrastructure, including transformers, switchgear, uninterruptible power supplies (UPS), and advanced liquid-cooling systems, essential for powering and protecting data centers, utility grids, and industrial facilities.
Here are three reasons why these two companies have compelling stocks to own right now:
1. Hyperscale backlogs are growing The massive capital expenditures committed by big tech hyperscalers are showing no signs of slowing, translating directly into a massive multiyear visibility window for both companies.
Vertiv, at the end of 2025, said its project backlog had skyrocketed to more than $15 billion, driven by a massive surge in data center orders. In the first quarter, Vertiv reported revenue of $2.65 billion, up 30% year over year, and earnings per share (EPS) of $0.99, up 136% over the same quarter a year ago. The company said it expects full-year revenue of $13.5 billion to $14 billion, compared with $10.2 billion in 2025. It also gave yearly EPS guidance of $6.30 to $6.40, up 87.6% from the same period last year.
Eaton is seeing a parallel boom with a backlog of $14.5 billion through Q1. The backlog grew by 48% in its electrical segment and by 28% in its aerospace segment in Q1.
Eaton is also seeing double-digit revenue growth. It set a Q1 record with $7.5 billion in revenue, up 17% year over year, while adjusted EPS rose 3% over the same period last year to $2.81.
Because building a data center takes years, these backlogs guarantee a long, highly visible revenue runway that insulates both companies from short-term tech market volatility.
2. Vertiv dominates the liquid cooling market Traditional data centers use air conditioning to stay cool. However, the next-generation chips powering AI generate intense heat densities that air alone cannot manage. The industry is rapidly pivoting to liquid cooling, and Vertiv is uniquely positioned to dominate this space.
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Vertiv has rapidly expanded its footprint, including opening high-capacity facilities, such as its new Johor, Malaysia site, to manufacture specialized liquid-cooling equipment, including its CoolChip coolant distribution units.
Through strategic partnerships with chip design leaders and tactical acquisitions such as its purchase of Strategic Thermal Labs, Vertiv provides end-to-end solutions from chip-level cold plates to facility-scale heat rejection, making it the absolute go-to partner for high-density AI clusters.
3. Eaton rules the in-demand gray space power market If Vertiv rules the thermal environment inside the server room (the white space), Eaton rules the massive electrical infrastructure that brings power from the utility grid into the building (the gray space). AI chips require immense amounts of power, and Eaton's technical moat is solving this bottleneck.
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Eaton provides heavy-duty transformers, switchgear, and uninterruptible power supply (UPS) systems to handle megawatt-class server racks.
Its next-generation 800-volt DC power distribution architecture streamlines power delivery directly to the server, eliminating multiple conversion steps and significantly reducing energy loss. Eaton's $9.5 billion acquisition in March of Boyd Performance Materials significantly expands its own advanced thermal capabilities, making it a more complete infrastructure powerhouse. The move is expected to be accretive to Eaton's adjusted EPS within two years, it said.
The pick-and-shovel plays are the safest ones in AI Chip architectures will evolve, and competing software models will come and go, but every single iteration of advanced AI will require massive power distribution and extreme heat management. Eaton and Vertiv effectively tax the entire ecosystem's growth, regardless of which tech giant wins the software race.
There are risks, however. Both stocks are now viewed as AI stocks, and with that come higher valuations and greater volatility.
Vertiv's shares have risen by more than 25% so far this year, and Eaton's are up an astronomically high 85%. With that, their price-to-earnings ratios (P/E) have climbed. Eaton trades at more than 38 times trailing earnings, while Vertiv trades at 75 times trailing earnings. That's a lot to live up to, and any type of AI slowdown could send either stock slumping.
Still, both companies are beneficiaries of rising AI spending, and that trend doesn't seem to be slowing down anytime soon.
Vertiv otevřel novou továrnu v Malajsii, aby posílil výrobu a dodávky infrastruktury pro AI a digitální systémy v Asii. Závod má podpořit chlazení, napájení i rychlejší nasazení řešení.
New facility strengthens regional manufacturing, supply chain resilience, and deployment capabilities for power, cooling, and integrated infrastructure solutions.
, /PRNewswire/ -- Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced the opening of its manufacturing facility in Johor, Malaysia, expanding the company's manufacturing footprint to support growing demand for AI and high-density computing infrastructure across Asia, including Southeast Asia, North Asia, Australia, and New Zealand.
Vertiv opens new Malaysia facility to strengthen regional manufacturing, supply chain resilience, and support deployment capabilities for critical digital infrastructure. Strategically located in one of Southeast Asia's fastest-growing industrial markets, the facility strengthens Vertiv's ability to support customers with regional manufacturing, engineering, logistics, and deployment capabilities. The site benefits from strong regional connectivity and proximity to key technology and customer hubs across the region.
"Asia continues to be one of the fastest-growing regions for AI and digital infrastructure investment, and expanding our manufacturing footprint in Malaysia aims to further enhance our ability to support customers with quality, speed, scale, and resilience," said Giordano (Gio) Albertazzi, CEO of Vertiv. "This facility represents another important step in our continuous capacity planning and deployment strategy as we further expand our regional and global manufacturing capabilities."
Albertazzi added: "As compute requirements evolve across multiple generations of AI infrastructure, customers need partners to provide power, cooling, and infrastructure solutions at scale. The Johor facility enhances our ability to help customers deploy critical digital infrastructure more efficiently while supporting long-term growth across Asia."
Manufacturing and test facilities
The Johor facility supports end-to-end manufacturing, assembly, and full-scale witness testing for advanced thermal and power infrastructure, enabling Vertiv to deliver high-density solutions with validated performance to help reduce deployment risk and accelerate time to capacity for customers across enterprise, cloud, and colocation environments.
The facility is expected to bring hundreds of skilled jobs to the region, when fully operationalized in 2027. Manufacturing capabilities for large-scale thermal management, power, and infrastructure solutions for AI and traditional applications: Vertiv™ CoolChip coolant distribution units (CDUs) support liquid cooling applications, including direct-to-chip and rear door heat exchangers for high density racks; Vertiv™ Power Module and Vertiv™ Power Skid are prefabricated power solutions with integrated modular infrastructure that can speed deployment of power systems by up to 50% over traditional builds; and Vertiv™ SmartRun integrated prefabricated overhead infrastructure system, is white space fit-out delivered as a unified system, with high-density busway, liquid cooling piping networking, and containment, providing on-site deployment time up to 85% faster than traditional methods. A dedicated testing environment designed to validate liquid cooling and integrated power solutions under customer site conditions before deployment, including CDU testing for the full range of capacities; and simultaneous testing of multiple power modules and skids. For more information about Vertiv's leading portfolio of power and thermal management, infrastructure solutions, IT systems and services for critical digital applications, visit Vertiv.com.
About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.
Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Vertiv z akvizice v 1. čtvrtletí 2026 získal 4 % výnosů a rozšířil nabídku pro datová centra. Ve 2. čtvrtletí čeká výnosy 3,25–3,45 mld. USD a organický růst čistých výnosů o 20–24 %.
Key Takeaways Vertiv's acquisitions added 4% to first-quarter 2026 revenues and broadened its data center offerings. VRT expects second-quarter 2026 revenues of $3.25B-$3.45B and 20-24% organic net sales growth. Vertiv faces stronger AI infrastructure competition from Super Micro Computer and Amphenol. Vertiv (VRT - Free Report) is benefiting from the strategic expansion of its portfolio through recent acquisitions, positioning the company for continued growth in the rapidly evolving data center infrastructure market. In the first quarter of 2026, acquisitions contributed 4% to revenues.
The company’s acquisitions, such as PurgeRite, ThermoKey, and BMarko Structures and Strategic Thermal Labs, are expected to strengthen Vertiv’s capabilities and market reach. The company recently announced the completion of its acquisition of ThermoKey S.p.A., a move that enhances Vertiv’s thermal management portfolio, expands its heat rejection and heat-exchange capabilities and strengthens its long-standing relationships with OEMs and system integrators serving data centers and other critical infrastructure markets worldwide.
The PurgeRite acquisition remains noteworthy. The acquisition is being scaled to deepen fluid management services, which management described as a technically demanding aspect of modern liquid-cooled deployments. In the first quarter of 2026, Vertiv completed the acquisition of BMarko, enhancing its structural fabrication specialization and expanding its engineering and manufacturing capacity. These moves broaden the company’s end-to-end offering and support a higher attach rate for services as the installed base grows.
The acquisitions are expected to contribute to Vertiv’s robust growth trajectory. For the second quarter of 2026, revenues are expected to be between $3.25 billion and $3.45 billion. Organic net sales are expected to increase in the 20-24% range.
VRT Suffers From Stiff CompetitionVertiv’s AI infrastructure solutions are facing increasing competition from Super Micro Computer (SMCI - Free Report) and Amphenol (APH - Free Report) . Both Super Micro Computer and Amphenol are expanding their offerings to support high-density, AI-driven data center deployments.
Super Micro Computer’s expanding portfolio has been noteworthy. The company recently expanded its AI infrastructure portfolio through collaborations with AMD, Arm, and NVIDIA, introducing new rack-scale platforms and data center blueprints designed to accelerate the deployment of large-scale agentic AI workloads.
Amphenol is benefiting from the surge in demand for AI infrastructure, which has become a transformative force for the company’s growth and market positioning. In the first quarter of 2026, IT datacom represented about 41% of sales and grew 81% organically year over year. This robust performance was driven by accelerating investments in AI data centers and the company’s ability to capture a significant share of this unique interconnect opportunity.
Vertiv’s Share Price Performance, Valuation, and EstimatesVRT’s shares have surged 89.5% in the year-to-date period compared with the broader Zacks Computer & Technology sector's rise of 12.9%. The Zacks Computers - IT Services industry declined 26.8% in the same time frame.
VRT Stock Performance
Image Source: Zacks Investment Research
Vertiv stock is trading at a premium, with a trailing 12-month Price/Book of 27.78X compared with the Computer and Technology sector’s 9.82X. VRT has a Value Score of D.
VRT's Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2026 earnings is pegged at $6.36 per share, which has increased 3.41% over the past 30 days. This indicates a 51.43% increase from the reported figure of 2025.
Vertiv currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Just when you thought the Semiconductor/AI data center capital spending boom was slowing down, the South Korean government just announced a government/corporate plan to invest more than $1 trillion in semiconductor fabrication plants and AI data centers. That's great news for companies like Vertiv (VRT +8.23%), whose power systems infrastructure technology lies at the heart of the data center buildout. The news was enough to send Vertiv stock 7% higher by midday today.
What South Korea just announced The spending is driven by the corporate sector, which accounts for the bulk of it. Samsung and SK Hynix will invest about $518 billion in new semiconductor fabrication plants, while SK Group (parent of SK Hynix), GS Group, and Naver will invest about $356 billion in AI data centers. It's the latter that will interest Vertiv investors, given its direct exposure to AI data center spending.
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What it means to Vertiv Vertiv generates about 20% of its sales in Asia and has an active presence in South Korea. While Vertiv doesn't have formal partnerships with the three companies investing in the data centers, it's linked to Naver through Naver's partnership with Nvidia. In fact, Nvidia's CEO, Jensen Huang, described Naver as being a key partner in the global AI ecosystem. Vertiv is one of the key stocks to buy for exposure to the AI data center boom.
Image source: Getty Images.
Given that Vertiv's power systems are embedded in Nvidia's architecture, Vertiv is likely to benefit from Nvidia's spending plans. Optimism on that front was enough to send the stock higher, and investors and analysts will likely start penciling in increased orders for Vertiv after this news flow.
Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Vertiv. The Motley Fool has a disclosure policy.
