Vertiv Q3 Orders Surged 100% as Infrastructure Spending Fuels Growth - Vertiv Holdings (NYSE:VRT)

Vertiv Holdings (NYSE:VRT) shares were trading sharply higher Wednesday after the company reported better-than-expected third-quarter results and raised its 2026 guidance above analyst estimates. The company also issued fourth-quarter guidance that topped expectations.

Earnings Snapshot

Adjusted EPS came in at $2.21, beating the analyst estimate of $1.83.

Sales rose 61% year over year (Y/Y) to $4.313 billion, exceeding expectations of $3.760 billion.

Organic orders grew more than 100% Y/Y, reflecting strong customer demand for Vertiv’s end-to-end infrastructure capabilities.

CEO Giordano Albertazzi said accelerating infrastructure spending is expanding Vertiv’s role in data center development. The company is shortening product development cycles from years to months, scaling integrated infrastructure solutions, expanding capacity and improving productivity.

Cash Flow & Profitability

Adjusted operating profit surged 83% Y/Y to $1.087 billion, while adjusted operating margin expanded 290 basis points to 25.2%. Stronger sales leverage and manufacturing productivity supported margins.

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Operating cash flow reached $794 million, up 64% Y/Y, while adjusted free cash flow increased 50% Y/Y to $652 million.

Liquidity reached $6.2 billion, and the company maintained a net cash position.

Outlook

Vertiv raised its FY2026 adjusted EPS guidance to $7.15, up from its previous range of $6.65-$6.75 and above the analyst estimate of $6.74.

The company also increased its full-year sales outlook to $14.65 billion from $14.00 billion, compared with the consensus estimate of $14.016 billion.

Full-year 2026 capital expenditures are expected to remain at approximately 4.0% of revenue.

For the fourth quarter, Vertiv expects adjusted EPS of $2.25, above the $2.22 estimate, and sales of $4.413 billion, compared with the $4.308 billion estimate.

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VRT Stock Price Activity: Vertiv Holdings shares were unchanged 0.00% at $241.23 during premarket trading Wednesday.

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