Vertiv soars 15% after blowout Q3 earnings and raised full-year guidance

What happened

Vertiv Holdings reported a blowout third quarter Wednesday morning: adjusted earnings of $2.21 per share, up 78% year over year, on net sales of $4.313 billion, up 61% — both far above FactSet consensus of $1.82 EPS and $3.75 billion in revenue. Adjusted operating profit rose 83% to $1.087 billion (18% above expectations) and net income rose 79% to $868 million. The company also raised its full-year guidance, lifting 2026 adjusted EPS guidance to $7.10–$7.20 and projecting full-year sales growth of 38% to $14.65 billion, up from $14.2 billion previously. Shares jumped about 15% in Wednesday morning trading to around $240. CEO Giordano Albertazzi said: 'We are in the middle of the largest infrastructure build out and it's accelerating.'

Who’s affected

• VRT (Vertiv): +15% Wednesday morning to ~$240 after the beat and guidance raise
• NVDA (Nvidia): Vertiv is an Nvidia AI-infrastructure partner; a strong print supports the data-center buildout thesis
• MOD (Modine), NVT (nVent): fellow data-center infrastructure names that have ridden the same AI trade
• MSFT, GOOGL: report after the close Wednesday; Vertiv's demand strength is a positive read-through for hyperscaler capex

Sources

investors.com