| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 3.3K | 23.6% | 24.1% |
| Total Income | 3.3K | 23.6% | 24.1% |
| Expenditure | 2.6K | 19.3% | 20.1% |
| PBT | 620.00 | 41.5% | 47.2% |
| Net Profit | 497.80 | 27.6% | 53.5% |
| OPM | 19.48% | 2.87pp | 2.71pp |
| NPM | 15.20% | 0.48pp | 2.91pp |
| EPS | 1.29 | 26.5% | 51.8% |
Vertiv Reports Strong Second Quarter 2026 with Diluted EPS Growth of 53% and Raises Full Year Guidance
29 Jul 2026 · 29 Jul, 3:41 pm
Summary
Vertiv Holdings Co announced strong financial results for the second quarter of 2026, with net sales reaching $3,274 million, a 24% increase year-over-year. The company saw significant growth in profitability, with operating profit up 44% and adjusted operating profit up 51%, leading to a 53% increase in diluted EPS to $1.27. Management expressed confidence in the company's strategic positioning and execution, leading them to raise full-year 2026 guidance across key metrics, including net sales and adjusted diluted EPS.
Key Highlights
- 1
Vertiv reported second quarter net sales of $3,274 million, an increase of 24% compared to second quarter 2025.
- 2
Operating profit increased 44% to $638 million and adjusted operating profit increased 51% to $738 million from second quarter 2025.
- 3
Diluted EPS grew 53% to $1.27 and adjusted diluted EPS grew 60% to $1.52 compared to second quarter 2025.
- 4
Adjusted operating margin was 22.6%, up 410 basis points compared to second quarter 2025.
- 5
Operating cash flow of $1,100 million and adjusted free cash flow of $925 million, an increase of 241% and 234%, respectively, compared to prior year second quarter.
- 6
The company raised its full year 2026 guidance across all key metrics, expecting net sales of $14,000 million and organic sales growth of 31% at the midpoint.
- 7
Full year 2026 adjusted diluted EPS is expected to be $6.65 to $6.75, a midpoint increase of 60% compared to full year 2025.
Management Comments
Giordano Albertazzi
This quarter reflects the compounding effect of years of deliberate investment in technology, capacity, and customer partnerships. Demand for AI and general compute continues to intensify and with each technology advancement, deployments grow more complex and more infrastructure-intensive. Our understanding of how power and thermal infrastructure responds at scale allows us to move at the speed our customers require. Growth at this pace demands both vision and operational precision — and Vertiv delivers on each, with the innovation to lead and the execution to scale efficiently. Our pipelines continue to strengthen as the market expands globally, giving us confidence to raise guidance and conviction in sustained, strong performance — this year and beyond.
Dave Cote
Vertiv continues to demonstrate what happens when a company is positioned at the center of a structural, long-duration shift in technology infrastructure and executes with rigor. We are moving at the speed of technology and transforming how customers build and scale critical infrastructure. We see a demand environment that continues to grow, and we continue to invest ahead of it — planting seeds now that we expect to compound for years to come.
Informational and educational content only. Not investment advice.