Vertiv Shares Surge as Q3 Sales Jump 61% to US$4.31 Billion

Shares of Vertiv Holdings jumped more than 15% in US premarket trading on Wednesday after the Columbus, Ohio-based company posted third-quarter results that comfortably beat Wall Street expectations and raised its full-year outlook, Investing.com reported.

Net sales for the quarter ended 30 September rose 61% from a year earlier to US$4.31 billion, well above analyst forecasts of US$3.75 billion, according to Investing.com. In its results statement, Vertiv said organic sales grew 55%, with acquisitions adding about 6%, and that organic orders grew by more than 100% year on year.

Earnings well ahead of forecasts

Adjusted diluted earnings came in at US$2.21 per share, up 78%, against a consensus estimate of US$1.82 cited by Investing.com. Diluted earnings per share rose 91% to US$1.95.

Operating profit climbed 90% to US$984 million, while adjusted operating profit increased 83% to US$1.087 billion. The adjusted operating margin widened by 290 basis points to 25.2%, the company said. Operating cash flow rose 64% to US$794 million and adjusted free cash flow grew 50% to US$652 million.

By region, sales in the Americas rose 75% (66% organic), Asia Pacific 50% (48% organic), and Europe, Middle East and Africa 23% (19% organic).

Chief Executive Officer Giordano Albertazzi said in the statement: “We are in the middle of the largest infrastructure buildout and it’s accelerating.”

Full-year outlook raised

Vertiv now expects 2026 net sales of US$14.45 billion to US$14.85 billion, with organic growth of 37% to 39%. The company said it had raised its full-year sales guidance by US$650 million. It sees adjusted diluted earnings of US$7.10 to US$7.20 per share and adjusted free cash flow of US$2.6 billion to US$2.8 billion.

Investing.com said the midpoints of the new range, US$7.15 per share and US$14.65 billion in revenue, compare with previous consensus expectations of US$6.73 and US$13.99 billion respectively.

For the fourth quarter, Vertiv guided net sales of US$4.31 billion to US$4.51 billion, representing organic growth of 49% to 51%, and adjusted diluted earnings of US$2.22 to US$2.28 per share. Investing.com said the quarterly outlook also exceeded analyst estimates.

What’s next for Vertiv

Vertiv scheduled a conference call with analysts for 11 a.m. ET on Wednesday to discuss the results. The wider market is awaiting the US Federal Reserve’s interest rate decision, due at 2 p.m. ET on Wednesday, with Microsoft and Alphabet set to report earnings after the closing bell, Reuters reported.

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