Vertiv Holdings Co Q3 2026 Earnings Recap

Vertiv shares rose 16.5% after the company reported 61% year-over-year sales growth, expanded adjusted operating margin, and raised full-year guidance across key metrics. Q3 organic orders more than doubled year over year, while management cited supply, permitting, and labor availability as pacing items—not current constraints on growth.

Key Takeaways

• Net sales increased 61% year over year to a quarter total not specified in the transcript; organic sales grew approximately 55%, with acquisitions contributing another 6%.
• Adjusted operating margin reached 25.2%, up 290 basis points year over year; adjusted operating profit rose 83% to more than $1 billion.
• Adjusted diluted EPS was $2.21, up 78%; adjusted free cash flow rose 50% to $652 million.
• Full-year sales guidance was raised to $14.7 billion, with adjusted diluted EPS at $7.15 and adjusted operating profit above $3.5 billion. Adjusted free cash flow guidance increased to $2.7 billion.
• Q3 organic orders were up more than 100% year over year. Management flagged power availability, permitting, and skilled construction labor as pacing items, and said it would no longer share orders data going forward.