Companies · VRT
Vertiv
AI-generated · informational only · not investment advice · verify before relying.
Latest analysis
Updated Oct 28, 2026
Vertiv Q3 2026: Revenue surges 61% YoY to $4.3B as AI-driven data center demand triggers accelerating capex and balance sheet transformation.
Vertiv delivered Q3 2026 net sales of $4,312.8 million, up 61.2% from $2,675.8 million in Q3 2025, with Americas growing 74.5% and operating margin holding at 29.4% — confirming that AI infrastructure demand is translating directly into revenue at scale. The company completed a full balance sheet refinancing in March 2026, replacing its secured term loan with $2.1 billion in unsecured senior notes spanning maturities out to 2066 and a new $2.5 billion unsecured revolving facility, extending duration and removing secured debt constraints. A single new risk factor was added this quarter — restrictive covenants in the new credit structure — signaling the financing complexity that accompanies rapid inorganic expansion.
Tone: bullishRevenue
$10.2B
VRT 10-K · FY 2025
Employees
34,000
Revenue FY2024
$8B
Founded
2000
Profile
VRT 10-K Item 1 · Feb 13, 2026Vertiv designs, manufactures, installs, and services critical digital infrastructure — power management, thermal management, and related software and services — primarily for data centers, communication networks, and commercial and industrial environments. The company operates across more than 40 countries through three reportable geographic segments: Americas, Asia Pacific, and EMEA. Vertiv positions itself as the provider of the most complete portfolio of critical digital infrastructure, with particular emphasis on AI and high-density compute applications.
Read filing description ↓ Collapse description ↑
Vertiv is a global leader in critical digital infrastructure for applications in data centers, communication networks, and commercial and industrial environments. As businesses, industries, and communities become more connected, we pioneer and deliver end-to-end power and cooling technologies to help our customers stay resilient, optimized, and future-ready. With our industry-leading innovative technologies and global services network, we are fueling the revolution of the digital world — keeping technology ecosystems running efficiently and without interruption. We believe that Vertiv is supercharging data's potential; accelerating the pace of technology, raising the bar for accelerated compute and redefining the limits of densification. Our broad range of offerings includes AC and DC power management, thermal management, low/medium voltage switchgear, busbar, air cooled and liquid cooled thermal management products, integrated modular solutions, racks, single phase UPS, rack power distribution, rack thermal systems, configurable integrated solutions, energy storage solutions, hardware, software for managing IT equipment and services. These comprehensive offerings are integral to the reliable operation of technologies used to support applications that include AI, e-commerce, online banking, file sharing, video on-demand, energy storage, wireless communications, Internet of Things and online gaming. Through our global services network, we provide lifecycle management services, predictive analytics and professional services for deploying, maintaining and optimizing these products and their related systems. We manage our business across three reportable segments based on our main geographic regions — the Americas, Asia Pacific and Europe, Middle East & Africa.
Primary products
- AC and DC power management
- Thermal management
- Low/medium voltage switchgear
- Busbar
- Air cooled thermal management products
- Liquid cooled thermal management products
Business segments
End markets
Geographies
Named customers
Large customers, such as larger communication network, cloud/hyperscale, neocloud, and colocation data center providers, comprise a material portion of our customer base and generally have greater purchasing power than smaller customers.
Named competitors
“We believe we differentiate ourselves through: (i) application expertise and customer collaboration to envision and build future-ready infrastructure; (ii) most complete portfolio and continual innovation; (iii) proven superior reliability and quality; (iv) truly global presence and ability to scale for our customers' operating flexibility and resilience; and (v) our industry-leading global service network to safeguard uptime and support.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Net sales increased from $8,011.8 million in 2024 to $10,229.9 million in 2025, driven by continued strong demand particularly for AI and high-density compute infrastructure across all three geographic segments.
The rest of VRT is for subscribers
Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.