Vertiv Holdings Co Sponsored Canadian Depository Receipt Hedged (VRT) Q3 2026 Earnings Report

The call was strongly positive. Vertiv reported substantial year-over-year growth in revenue, orders, operating profit, margins, EPS, and free cash flow; raised full-year guidance across all key metrics; described broad regional demand and pipeline strength; and outlined continued technology, capacity, services, and acquisition investments. The company acknowledged supply-chain recovery work, capacity-ramp inefficiencies, elevated inventory, industry pacing constraints, inflation, and ongoing quality improvement needs, but management characterized execution and demand trends as strong and improving.

For Q4 2026, Vertiv projects adjusted diluted EPS of $2.25 at the midpoint, up 65% versus prior year; net sales of approximately $4.4 billion at the midpoint, up approximately 1.5 billion or 53%, with organic sales growth of approximately 50% and an additional 3% from acquisitions; Americas in the mid-50s, APAC in the mid fifties, and EMEA in the low twenties; adjusted operating profit of $1.1 billion at the midpoint, up approximately $470 million or 70%; and adjusted operating margin of 25.8% at the midpoint, up 260 basis points year over year. For full year 2026, it expects adjusted diluted EPS of $7.15 at the midpoint, up approximately $2.95 or 70% versus 2025 and $0.45 versus its prior guide; net sales of $14.7 billion at the midpoint, up approximately $4.4 billion or 43%, with approximately 38% organic sales growth, an additional 4% from acquisitions and 1% from favorable currency; Americas organic growth in the high 40s, APAC in the mid thirties, and EMEA in the low to mid single digits; adjusted operating profit of approximately $3.5 billion at the midpoint, up $1.4 billion or 68% and $190 million versus prior guidance; adjusted operating margin of 24% at the midpoint, approximately 360 basis points of expansion from 2025 and 20 basis points above prior guidance; and adjusted free cash flow of $2.7 billion at the midpoint, up $813 million or 43%. For 2027, Vertiv expects continued significant above market organic sales growth, continued margin expansion, significant adjusted free cash flow, and strong growth across all financial net metrics, with a 30% to 35% long-term incremental margin framework.