Q2 25 EPS
$0.95
Q2 25 Revenue
$2.64B
vs S&P Since Q2 25
+108.2%
BEATING MARKET
VRT +121.8% vs S&P +13.6%
Market Reaction
Did VRT Beat Earnings? Q2 2025 Results
Vertiv delivered a standout second quarter as the data center infrastructure giant posted adjusted diluted EPS of $0.95, up 42% year-over-year, on revenue of $2.64 billion that jumped 35% from the same period in 2024, results that sent shares climbin… Read more Vertiv delivered a standout second quarter as the data center infrastructure giant posted adjusted diluted EPS of $0.95, up 42% year-over-year, on revenue of $2.64 billion that jumped 35% from the same period in 2024, results that sent shares climbing after the report. The primary engine behind the growth was relentless demand for AI-enabled infrastructure, with the Americas segment alone surging 42.9% to $1.60 billion. Orders momentum reinforced the bullish trajectory, with organic orders rising approximately 15% year-over-year and backlog swelling to $8.50 billion. The quarter wasn't without friction, adjusted operating margin contracted 110 basis points to 18.5%, as tariff-related costs and operational strain from faster-than-expected growth weighed on profitability, headwinds management characterized as temporary. Despite trimming its margin outlook slightly to approximately 20.0% for the full year, Vertiv raised its 2025 adjusted diluted EPS guidance to $3.80 and lifted its net sales target to a range of $9.93 billion to $10.07 billion, implying 24% organic growth.
Key Takeaways
- • Robust data center demand driven by AI-related activity
- • 35% net sales growth year-over-year
- • Organic order growth of ~15% year-over-year
- • Backlog of $8.5 billion with book-to-bill ratio of ~1.2x
- • Americas segment led growth with 43.2% organic sales increase
- • Products revenue grew 39.6% while Services & Spares grew 19.2%
VRT YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
VRT Revenue by Segment
With YoY comparisons, source: SEC Filings
VRT Revenue by Geography
With YoY comparisons, source: SEC Filings
“Vertiv's second quarter performance demonstrates the strength of our market position and our ability to execute at scale. Our 35% sales growth and robust orders momentum reflect both strong market demand and our expanded capabilities to serve our customers' increasingly complex infrastructure needs. We are strategically investing in capacity expansion and accelerating our innovation pipeline to capitalize on unprecedented data center growth, particularly in AI-enabled infrastructure. The announced agreement to acquire Great Lakes Data Racks & Cabinets further strengthens our position in the fast-growing data center market. As we progress on our strong growth trajectory, we are vigorously addressing some temporary margin challenges which we anticipate will be materially addressed by the end of 2025. Given our strong performance, backlog and positive outlook, we are raising our full-year adjusted diluted EPS, net sales, adjusted operating profit and adjusted free cash flow forecast, positioning Vertiv for even stronger performance in the quarters ahead.”
— Giordano Albertazzi, Q2 2025 Earnings Press Release
VRT Earnings Trends
VRT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
VRT EPS Trend
Earnings per share: estimate vs actual
VRT Revenue Trend
Quarterly revenue: estimate vs actual
VRT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.17 | — | $2.65B | +0.02% |
| Q4 25 BEAT FY | $1.30 | $1.36 | +4.62% | $2.88B | — |
| FY Full Year | $4.13 | $4.20 | +1.66% | $10.23B | -0.04% |
| Q3 25 BEAT | $0.99 | $1.24 | +25.01% | $2.68B | +3.19% |
| Q2 25 | — | $0.95 | — | $2.64B | — |
| Q1 25 | — | $0.64 | — | $2.04B | — |