| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.6K | 30.1% |
| Total Income | 2.6K | 30.1% |
| Expenditure | 2.2K | 26.6% |
| PBT | 438.30 | 65.2% |
| Net Profit | 390.10 | 137.1% |
| OPM | 16.61% | 2.33pp |
| NPM | 14.72% | 6.64pp |
| EPS | 1.02 | 137.2% |
Vertiv Reports Strong Q1 2026: Net Sales $2.65B, Up 30% YoY
22 Apr 2026 · 22 Apr, 3:30 pm
Summary
Vertiv Holdings Co reported a strong first quarter for 2026, with net sales reaching $2,650 million, a 30% increase compared to the first quarter of 2025. The company's operating profit and adjusted operating profit also saw significant increases. Vertiv is raising its full-year guidance, expecting net sales of $13,500 million to $14,000 million and adjusted diluted EPS of $6.30 to $6.40. The company's strong performance and market leadership have led to its addition to the S&P 500 in March.
Key Highlights
- 1
Vertiv's net sales for the first quarter of 2026 reached $2,650 million, a 30% increase compared to the first quarter of 2025.
- 2
The company's operating profit increased by 51% and adjusted operating profit increased by 64% compared to the first quarter of 2025.
- 3
Adjusted operating margin for the first quarter was 20.8%, representing a 430 basis point increase compared to the first quarter of 2025.
- 4
Operating cash flow for the first quarter was $767 million, and adjusted free cash flow was $653 million, representing increases of 153% and 147%, respectively, compared to the prior year.
- 5
The company expects net sales of $13,500 million to $14,000 million for full year 2026, with organic sales growth of 29% to 31% compared to 2025.
- 6
Vertiv anticipates full year 2026 diluted EPS of $5.60 to $5.70 and adjusted diluted EPS of $6.30 to $6.40, an increase of 66% and 51%, respectively, at the midpoint compared to full year 2025.
- 7
The company's net leverage stood at approximately 0.2x at the end of the first quarter of 2026.
Management Comments
Giordano Albertazzi
"We're seeing data center infrastructure requirements evolve significantly, with customers prioritizing optimized design, deployment speed, and operational efficiency - reshaping their approach to deployment. This quarter's financial performance reflects our ability to meet customers at this critical moment with unique capabilities. Our investments in technology and capacity, combined with strategic acquisitions, are translating into market share gains as customers demand faster deployment, greater reliability, and comprehensive services. As infrastructure density increases and deployment timelines compress, we're positioned to be the partner customers need to bring their most ambitious projects to life, at scale."
Dave Cote
"This quarter demonstrates that Vertiv has built the kind of competitive position that compounds over time. When customers face their toughest infrastructure challenges, they're choosing us - not only because of our technology, but because we can deliver at scale. Our addition to the S&P 500 in March reflects strong financial performance and market leadership in critical digital infrastructure. The strategic momentum gives me confidence in our long-term trajectory."
Informational and educational content only. Not investment advice.