Vertiv Holdings Co filed its third-quarter 2026 earnings release on October 28, 2026, reporting net sales of $4,313 million for the quarter ended September 30, 2026, along with updated guidance for the fourth quarter and full year 2026.

Key Highlights

  • Net sales of $4,313 million for Q3 2026, up 61% compared to Q3 2025, including 55% organic sales growth and approximately 6% contribution from acquisitions.
  • Adjusted operating margin of 25.2%, up 290 basis points from Q3 2025, driven by operational leverage on higher sales and manufacturing productivity.
  • Diluted EPS grew 91% to $1.95 and adjusted diluted EPS grew 78% to $2.21 compared to Q3 2025.
  • Operating cash flow of $794 million and adjusted free cash flow of $652 million, up 64% and 50%, respectively, from Q3 2025.
  • Full year 2026 net sales guidance midpoint set at $14,650 million, with an organic net sales growth range of 37% to 39%.
  • Full year 2026 adjusted diluted EPS guidance range of $7.10 to $7.20, representing growth of 69% to 71% versus full year 2025.
  • Liquidity increased to $6.2 billion in Q3 2026, with the company reporting a net cash position.

Vertiv Reports Broad-Based Regional Growth and Updated Full Year 2026 Outlook

According to the filing, Vertiv Holdings Co (NYSE:VRT) reported third-quarter 2026 net sales of $4,313 million, an increase of $1,637 million, or 61%, compared to Q3 2025. The company disclosed that growth was broad-based across all regions: the Americas grew 75% (66% organic), APAC grew 50% (48% organic), and EMEA grew 23% (19% organic). Vertiv describes itself as a global provider of critical digital infrastructure, offering a portfolio of power, cooling, and IT infrastructure solutions and services across data centers, communication networks, and commercial and industrial facilities, operating in more than 130 countries.

Third-quarter operating profit of $984 million increased $467 million from Q3 2025, while adjusted operating profit of $1,087 million increased $491 million, up 90% and 83%, respectively, the filing disclosed. Adjusted operating margin of 25.2% was up 290 basis points year over year, which the company attributed to operational leverage on higher sales and manufacturing productivity, partially offset by mix impacts and continued growth investments. Adjusted free cash flow of $652 million was driven by higher adjusted operating profit, partially offset by increased working capital and higher capital expenditures, according to the filing.

For full year 2026, the filing presents a net sales guidance range of $14,450 million to $14,850 million and an adjusted diluted EPS guidance range of $7.10 to $7.20. For Q4 2026 specifically, the company disclosed expected net sales of $4,313 million to $4,513 million and adjusted diluted EPS of $2.22 to $2.28, representing adjusted diluted EPS growth of 63% to 67% compared to Q4 2025. Capital expenditures for full year 2026 are anticipated at approximately 4.0% of revenue, according to the filing. The filing notes that forward-looking non-GAAP guidance measures cannot be reconciled to comparable GAAP measures without unreasonable effort due to variability and uncertainty in forecasting.

What Was Disclosed

Vertiv's Q3 2026 earnings release covered quarterly results for the period ended September 30, 2026, including net sales, operating profit, earnings per share, cash flow figures, liquidity, and updated guidance ranges for Q4 2026 and full year 2026.