Vertiv Q2 profit beats estimates on AI demand, lifts 2026 outlook
Vertiv Q2 profit beats estimates on AI demand, lifts 2026 outlook
Overview
U.S. digital infrastructure firm's Q2 revenue rose 24% but missed analyst expectations
Adjusted EPS for Q2 grew 60% and beat analyst expectations
Company raised full-year 2026 guidance on strong demand and capacity expansion
Outlook
Vertiv sees Q3 net sales of $3.65 bln to $3.85 bln
Company expects full-year net sales of $13.8 bln to $14.2 bln
Vertiv expects full-year adjusted diluted EPS of $6.65 to $6.75
Result Drivers
STRONG DEMAND ENVIRONMENT - Co said robust demand for AI and general compute infrastructure drove sales growth
OPERATIONAL EXECUTION - Higher margins attributed to operational execution, productivity, and favorable price-cost dynamics, including tariff management
CAPACITY EXPANSION AND INVESTMENT - Co cited years of investment in technology, capacity, and customer partnerships as supporting growth
Company press release: ID:nPn5mY430a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $3.27 bln | $3.38 bln (22 Analysts) |
Q2 Adjusted EPS | Beat | $1.52 | $1.42 (23 Analysts) |
Q2 EPS |
| $1.27 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 28 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Vertiv Holdings Co is $376.00, about 39.5% above its July 28 closing price of $269.56
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 38 three months ago
Reuters Recommended Reads
July 27 - Canada's Celestica Q2 results beat estimates on strong data center, cloud demand
July 29 - Legrand raises 2026 sales growth guidance on data centre demand
July 27 - Applied Digital beats quarterly revenue estimates on surging AI infrastructure demand
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)