OpenNashEarnings

Industrials · NYSE: VRT

Vertiv earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 10 Feb 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Vertiv reported third quarter net sales of $4,313 million, up 61%, with diluted EPS of $1.95 (up 91%) and adjusted diluted EPS of $2.21 (up 78%).

Vertiv's third-quarter net sales rose 61% to $4,313 million, with 55% organic growth and about 6% from acquisitions. Sales grew in every region. Adjusted operating margin reached 25.2%, up 290 basis points, and adjusted diluted EPS rose 78% to $2.21. Management said organic orders grew more than 100% year over year. Operating cash flow was $794 million and adjusted free cash flow was $652 million.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗

Quarters

KPI history

Revenue$4.3B+61.2% y/yQ3 2026
Q4 2024: $2.3B (worked out from the annual figure)Q4 ’24$2.3BQ1 2025: $2.0BQ1 ’25$2.0BQ2 2025: $2.6BQ2 ’25$2.6BQ3 2025: $2.7BQ3 ’25$2.7BQ4 2025: $2.9B (worked out from the annual figure)Q4 ’25$2.9BQ1 2026: $2.6BQ1 ’26$2.6BQ2 2026: $3.3BQ2 ’26$3.3BQ3 2026: $4.3BQ3 ’26$4.3B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$2.3B *
Q1 2025$2.0B
Q2 2025$2.6B
Q3 2025$2.7B
Q4 2025$2.9B *
Q1 2026$2.6B
Q2 2026$3.3B
Q3 2026$4.3B
Diluted EPS (GAAP)$1.95+91.2% y/yQ3 2026
Q1 2025: $0.42Q1 ’25$0.42Q2 2025: $0.83Q2 ’25$0.83Q3 2025: $1.02Q3 ’25$1.02Q1 2026: $0.99Q1 ’26$0.99Q2 2026: $1.27Q2 ’26$1.27Q3 2026: $1.95Q3 ’26$1.95
Data
Q1 2025$0.42
Q2 2025$0.83
Q3 2025$1.02
Q1 2026$0.99
Q2 2026$1.27
Q3 2026$1.95

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin22.8%+3.5 pts y/yQ3 2026
Q4 2024: 19.5%Q4 ’2419.5%Q1 2025: 14.3%Q1 ’2514.3%Q2 2025: 16.8%Q2 ’2516.8%Q3 2025: 19.3%Q3 ’2519.3%Q4 2025: 20.1%Q4 ’2520.1%Q1 2026: 16.6%Q1 ’2616.6%Q2 2026: 19.5%Q2 ’2619.5%Q3 2026: 22.8%Q3 ’2622.8%
Data
Q4 202419.5%
Q1 202514.3%
Q2 202516.8%
Q3 202519.3%
Q4 202520.1%
Q1 202616.6%
Q2 202619.5%
Q3 202622.8%
Free cash flow$654.9M+49.7% y/yQ3 2026
Q4 2024: $364.5MQ4 ’24$364.5MQ1 2025: $266.8MQ1 ’25$266.8MQ2 2025: $277.9MQ2 ’25$277.9MQ3 2025: $437.5MQ3 ’25$437.5MQ4 2025: $911.6MQ4 ’25$911.6MQ1 2026: $654.2MQ1 ’26$654.2MQ2 2026: $926.5MQ2 ’26$926.5MQ3 2026: $654.9MQ3 ’26$654.9M
Data
Q4 2024$364.5M
Q1 2025$266.8M
Q2 2025$277.9M
Q3 2025$437.5M
Q4 2025$911.6M
Q1 2026$654.2M
Q2 2026$926.5M
Q3 2026$654.9M

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$2.3Bd$2.0B$2.6B$2.7B$2.9Bd$2.6B$3.3B$4.3B
Operating income$457.2Md$290.7M$442.4M$516.7M$579.9Md$440.1M$637.9M$983.8M
Operating margin19.5%14.3%16.8%19.3%20.1%16.6%19.5%22.8%
Net income$147.0Md$164.5M$324.2M$398.5M$445.6Md$390.1M$497.8M$764.5M
Diluted EPS—$0.42$0.83$1.02—$0.99$1.27$1.95
Operating cash flow$425.2Md$303.3M$322.9Md$482.7Md$1.0Bd$766.8M$1.1Bd$794.0Md
Capital expenditure$60.7Md$36.5M$45.0M$45.2M$93.3Md$112.6M$173.3Md$139.1Md
Free cash flow$364.5M$266.8M$277.9M$437.5M$911.6M$654.2M$926.5M$654.9M

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings