Vertiv
Builds and services power and cooling infrastructure for data centers and communication networks.
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Profile
Sells critical power, cooling, racks, modular systems, monitoring software, and lifecycle services for data centers, communication networks, and industrial sites. Regional manufacturing and a global service network support customized deployments, while demand depends heavily on data-center construction and technology spending.
Designs, manufactures, installs, and services critical power and thermal systems for data centers, communication networks, and industrial sites. The portfolio spans AC and DC power management, UPS systems, switchgear, busbar, rack distribution, air and liquid cooling, heat rejection, modular solutions, racks, monitoring software, and energy storage.
Pairs this hardware breadth with project engineering, commissioning, remote monitoring, maintenance, spares, and specialized fluid management across the Americas, Asia-Pacific, and Europe, the Middle East, and Africa. Regional manufacturing and engineering centers support local configuration, while a global field-service network maintains installed systems.
Serves hyperscale, colocation, neocloud, and enterprise data centers, including high-density AI deployments, alongside telecom and industrial customers. Results depend on customer capital spending, project timing, supply-chain availability, tariffs, and data-center construction and energy-permitting rules.
Company facts
Categories
Key statistics
Year to date +46.3% · Average volume (30d) 5.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 7, 2026 | GLJ Research | Upgrade | Hold | Buy | $381 | |
| Jul 31, 2026 | Bernstein | Reiterate | Outperform | $416 | $368 | |
| Jul 30, 2026 | UBS | Reiterate | Buy | $201 | $370 | |
| Jul 30, 2026 | Robert W. Baird | Target | $370 | $320 | ||
| Jul 30, 2026 | RBC Capital | Reiterate | Outperform | $418 | $337 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $1.43 | $1.52 | +6.3% | $3.38B | $3.27B | −3.1% | +2.00% |
| Apr 22, 2026Q1 FY26 | $1.00 | $1.17 | +17.0% | $2.64B | $2.65B | +0.4% | +5.44% |
| Feb 11, 2026Q4 FY25 | $1.29 | $1.36 | +5.4% | $2.88B | $2.88B | +0.1% | −4.83% |
| Oct 22, 2025Q3 FY25 | $0.98 | $1.24 | +26.0% | $2.58B | $2.68B | +3.8% | +6.77% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $2.04B | $2.64B | $2.68B | $2.88B | $2.65B | $3.27B | |
| Gross profit | $635.8M | $848.5M | $1.01B | $1.06B | $999.7M | $1.23B | |
| Operating income | $289.5M | $452.9M | $516.7M | $600.5M | $440.1M | $637.9M | |
| Net income | $164.5M | $324.2M | $398.5M | $445.6M | $390.1M | $497.8M | |
| Diluted EPS | $0.42 | $0.83 | $1.02 | $1.14 | $0.99 | $1.27 | |
| Gross margin | 31.2% | 32.2% | 37.8% | 36.9% | 37.7% | 37.7% | |
| Operating margin | 14.2% | 17.2% | 19.3% | 20.9% | 16.6% | 19.5% |
Fiscal years (4-quarter sums)FY21 $5.00B · FY22 $5.69B · FY23 $6.86B · FY24 $8.01B · FY25 $10.23B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $3.11B · Total debt $3.26B · Total assets $15.90B · Shareholders' equity $4.76B
Dividends
Raised for 5 straight years — most recently to $0.0625 from $0.0375 in Nov 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 25 | $0.0625 | |
| Mar 17, 2026 | Mar 17 | Mar 26 | $0.0625 | |
| Nov 25, 2025 | Nov 25 | Dec 18 | $0.0625 | raised from $0.0375 |
| Sep 15, 2025 | Sep 15 | Sep 25 | $0.0375 | |
| Jun 16, 2025 | Jun 16 | Jun 26 | $0.0375 | |
| Mar 18, 2025 | Mar 18 | Mar 27 | $0.0375 | |
| Dec 3, 2024 | Dec 3 | Dec 19 | $0.0375 | raised from $0.025 |
| Sep 17, 2024 | Sep 17 | Sep 26 | $0.025 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 384.99M · Float 378.63M · 98.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 35.92M | 9.33% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 25.09M | 6.52% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 17.91M | 4.65% | 13F | Aug 13, 2026 |
| State Street Corp | 16.53M | 4.29% | 13F | Aug 7, 2026 |
| JPMorgan Chase & Co | 10.06M | 2.61% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 6, 2026 | Edward L. Monser | director | −77,294 | $245.49 |
| Feb 26, 2026 | David M. Cote | director, officer: Executive Chairman | −40,000 | $255.29 |
| Feb 26, 2026 | Jan Van Dokkum | director | −38,647 | $254.87 |
| Feb 27, 2026 | Roger Fradin | director | −101,666 | $252.13 |
| Feb 26, 2026 | Roger Fradin | director | −101,667 | $253.42 |
Peers
- Eaton
Power-train rival from MV switchgear to UPS to busway, with expanding thermal ambitions.
- Johnson Controls
Named in Vertiv's 10-K; #2 in ABI Research thermal ranking with full liquid-cooling portfolio.
- nVent Electric
SCHROFF and Hoffman brands overlap on racks, PDUs, and rack-level liquid cooling.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Vertiv | $259.11 | +0.86% | $98.97B | 58.2 | 32.8 | 8.6 | +24.1% |
| Eaton | $403.75 | +0.23% | $156.40B | 41.0 | 26.9 | 5.2 | +21.4% |
| Johnson Controls | $139.59 | +0.01% | $84.56B | 24.3 | 24.2 | 3.4 | +9.3% |
| nVent Electric | $148.53 | +0.01% | $24.01B | 40.7 | 25.6 | 5.0 | +52.8% |
| Median | 40.7 | 25.6 | 5.0 | +21.4% |