Vertiv 8-K
PositiveEarningsGuidance raised
Accelerating data-center demand drives organic orders up >100% Y/Y and a $650M increase in FY2026 sales guidance
Filed 2026-10-28 06:02 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results with Q4 guidance and raised FY2026 guidance. Vertiv reported 61% net sales growth, driven by 55% organic growth and approximately 6% from acquisitions, as demand for data-center infrastructure accelerated. Organic orders grew more than 100% Y/Y; Vertiv raised FY2026 net sales guidance by $650M and increased other associated financial metrics.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Net sales | $4.31B, +61% Y/Y | $10.2B, +39.3% Y/Y |
| Operating profit | $984M, +90% Y/Y | $2.06B, +65.0% Y/Y |
| Adjusted operating profit, non-GAAP | $1.09B, +83% Y/Y | $2.38B, +67.2% Y/Y |
| Operating margin | 22.8%, vs 19.3% | 20.1%, vs 17% |
| Adjusted operating margin, non-GAAP | 25.2%, vs 22.3% | 23.2%, vs 19.3% |
| Net income | $765M, +92% Y/Y | $1.65B, +86.3% Y/Y |
| Diluted EPS | $1.95, +91% Y/Y | $4.21, +85.5% Y/Y |
| Adjusted diluted EPS, non-GAAP | $2.21, +78% Y/Y | $4.91, +73.5% Y/Y |
| Operating cash flow | $794M, +64% Y/Y | $2.66B, +140% Y/Y |
| Adjusted free cash flow, non-GAAP | $652M, +50% Y/Y | $2.23B, +128% Y/Y |
- Growth was broad-based: Americas sales rose 75% (66% organic), Asia Pacific 50% (48% organic), and Europe, Middle East and Africa 23% (19% organic). Product sales grew 65.8% overall, faster than services and spares at 41.5%.
- Adjusted operating margin expanded on operating leverage from higher sales and manufacturing productivity, partly offset by mix and continued growth investments.
- Liquidity was $6.2B, and Vertiv reported a net cash position. FY2026 capital expenditures remain anticipated at approximately 4.0% of revenue to support capacity and growth.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Net sales; organic net sales growth, non-GAAP | Q4 2026 | $4,313M-$4,513M; 49%-51% Y/Y | — | — |
| Diluted EPS, GAAP | Q4 2026 | $2.08; +82% Y/Y | — | — |
| Adjusted diluted EPS; adjusted diluted EPS growth, non-GAAP | Q4 2026 | $2.22-$2.28; 63%-67% Y/Y | — | — |
| Adjusted operating profit, non-GAAP | Q4 2026 | $1,118M-$1,158M | — | — |
| Adjusted operating margin, non-GAAP | Q4 2026 | 25.3%-26.3% | — | — |
| Net sales; organic net sales growth, non-GAAP | FY2026 | $14,450M-$14,850M; 37%-39% Y/Y | Midpoint $14.0B | Raised |
| Diluted EPS, GAAP | FY2026 | $6.29; +84% Y/Y | — | Raised |
| Adjusted diluted EPS; adjusted diluted EPS growth, non-GAAP | FY2026 | $7.10-$7.20; 69%-71% Y/Y | — | Raised |
| Adjusted operating profit, non-GAAP | FY2026 | $3,475M-$3,555M | — | Raised |
| Adjusted operating margin, non-GAAP | FY2026 | 23.5%-24.5% | — | Raised |
| Adjusted free cash flow, non-GAAP | FY2026 | $2,600M-$2,800M | — | Raised |
| Capital expenditures as a percentage of revenue | FY2026 | ≈4.0% | — | Reaffirmed |
Investor Takeaways
- Watch whether Q4 sales and diluted EPS reach the guided ranges as Vertiv continues investing in capacity to serve data-center demand.
- Organic orders growth above 100% Y/Y is a key demand signal; subsequent order and sales growth will test whether that momentum continues.
The summary is written by an AI model reading the filing.
Model 005 · prompt v111 · 2026-10-28 14:40:47Z