Vertiv Holdings Co Q3 FY2026 Earnings Call

· Earnings call transcript and AI-powered summary

Vertiv Q3 2026 Earnings Summary

Overview

Vertiv reported exceptionally strong Q3 2026 results, with broad-based growth across regions and customer types. Executive Chairman David Cote highlighted customer confidence in Vertiv's technology leadership, scale, and service capabilities. CEO Giordano Albertazzi emphasized that the performance stems from years of investment in capacity, technology, and operations, positioning the company at the start of a multi-decade digital/AI-driven data center expansion. The company is not planning to disclose orders data going forward.

Key Financial Highlights (Q3 2026 vs Q3 2025)

  • Net Sales: $4.3 billion, +61% YoY (organic +55%, +6% from acquisitions). All regions exceeded guidance: Americas +75% (+66% organic), APAC +50% (+48% organic), EMEA +23% (+19% organic).
  • Adjusted Operating Profit: Over $1.1 billion, +83% YoY. Adjusted operating margin 25.2%, +290 bps YoY (70 bps above guidance), driven by volume leverage and productivity.
  • Adjusted Diluted EPS: $2.21, +78% YoY (+$0.97), $0.41 above guidance midpoint, primarily from higher operating profit.
  • Adjusted Free Cash Flow: $652 million, +50% YoY, driven by higher operating profit (partially offset by working capital and CapEx).
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Operator: Good morning. My name is Warren and I will be your conference operator today. At this time, I would like to welcome everyone to Vertiv's Third Quarter 26 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. Please note that this call is being recorded. I would now like to turn the program over to your host for today's conference call, Lynne Maxeiner, Vice President of Investor Relations. Lynne Maxeiner: Great. Good morning, and welcome to Vertiv's third quarter 2026 Earnings Conference Call. During the course of this call, we will make forward looking statements regarding future events, including the future financial and operating performance of Vertiv. These statements are subject to material risks and uncertainties, that could cause actual results to differ materially from those in the forward looking statements. We undertake no obligation to update these statements as a result of new information or future events. Please refer to the cautionary language included in today's earnings release and the risks disclosed in our annual and quarterly reports and other filings made with the SEC. Additionally, non GAAP measures referenced today are defined and are in our earnings press release and in the investor slide deck found on our website at investors.vertiv.com. Finally, during the Q and A portion of the call, please be mindful of others in the queue and limit yourself to 1 question. With that, I will turn the call over to Execu
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