Vertiv 8-K
PositiveEarningsGuidance raised
Strong demand and expanding pipelines drive raised FY2026 guidance despite timing shifts from supply-chain congestion and phased project execution.
Filed 2026-07-29 06:01 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results with raised FY2026 guidance. Revenue rose 24% on 18% organic growth, acquisitions and favorable currency; minor timing shifts reflected temporary supply-chain congestion and phased project execution. Vertiv cited strong demand and expanding pipelines for raising its full-year outlook.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $3.27B | $2.64B | +24% |
| Operating income | $638M | $442M | +44% |
| Adjusted operating profit, non-GAAP | $738M | $489M | +51% |
| Net income | $498M | $324M | +54% |
| Diluted EPS | $1.27 | $0.83 | +53% |
| Adjusted diluted EPS, non-GAAP | $1.52 | $0.95 | +60% |
| Operating cash flow | $1.10B | $323M | +241% |
| Adjusted free cash flow, non-GAAP | $925M | $277M | +234% |
- Adjusted operating margin was 22.6%, up 410 bp Y/Y, driven by execution, productivity and favorable price-cost, including tariff impacts and countermeasures.
- Adjusted free cash flow reflected higher profit, working-capital efficiency and lower cash interest, partly offset by higher cash taxes and growth-related capital spending. Vertiv ended the quarter with $5.6B of liquidity and a net cash position.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Net sales (GAAP); organic net sales growth (non-GAAP) | Q3 2026 | $3.65B-$3.85B; 34%-36% | — | — |
| Adjusted operating profit (non-GAAP) | Q3 2026 | $898M-$938M | — | — |
| Adjusted operating margin (non-GAAP) | Q3 2026 | 24.0%-25.0% | — | — |
| Adjusted diluted EPS (non-GAAP); growth | Q3 2026 | $1.77-$1.83; 43%-48% | — | — |
| Net sales (GAAP); organic net sales growth (non-GAAP) | FY2026 | $13.8B-$14.2B; 30%-32% | — | Raised |
| Adjusted operating profit (non-GAAP) | FY2026 | $3.285B-$3.365B | — | Raised |
| Adjusted operating margin (non-GAAP) | FY2026 | 23.3%-24.3% | — | Raised |
| Diluted EPS (GAAP) | FY2026 | $5.82-$5.92 | — | Raised |
| Adjusted diluted EPS (non-GAAP); growth | FY2026 | $6.65-$6.75; 58%-61% | — | Raised |
| Adjusted free cash flow (non-GAAP) | FY2026 | $2.4B-$2.6B | — | Raised |
| Capital expenditures | FY2026 | ≈4.0% of revenue, at the high end of the range | — | — |
Investor Takeaways
- Q3 revenue against the $3.65B-$3.85B outlook will indicate whether supply-chain and phased-project timing shifts ease as deployments scale.
The summary is written by an AI model reading the filing.
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