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Vertiv

VRT Q1 2026 Earnings

Reported Apr 22, 2026 at 6:00 AM ET · SEC Source

Q1 26 EPS

$1.17

Q1 26 Revenue

$2.65B

BEAT +0.02%

Est. $2.65B

vs S&P Since Q1 26

+1.6%

BEATING MARKET

VRT +2.9% vs S&P +1.3%

Market Reaction

Did VRT Beat Earnings? Q1 2026 Results

Vertiv Holdings Co delivered a standout first quarter of 2026, posting adjusted diluted EPS of $1.17, beating the $1.01 consensus by 15.68%, while revenue of $2.65 billion edged just ahead of expectations and rose 30.1% year-over-year. The primary en… Read more Vertiv Holdings Co delivered a standout first quarter of 2026, posting adjusted diluted EPS of $1.17, beating the $1.01 consensus by 15.68%, while revenue of $2.65 billion edged just ahead of expectations and rose 30.1% year-over-year. The primary engine behind the beat was explosive Americas demand, where 44% organic sales growth reflected an accelerating wave of data center investment, helping lift adjusted operating margin by 430 basis points to 20.8% and push adjusted operating profit up 64% to $550.90 million. Cash generation was equally striking, with operating cash flow surging 153% to $766.80 million, aided in part by a $651.20 million increase in deferred revenue. The company, which joined the S&P 500 in March, also secured investment-grade ratings and restructured its debt stack during the quarter. Management responded to the momentum by raising full-year guidance, now targeting net sales of $13.50 billion to $14.00 billion with organic growth of 29% to 31% and adjusted EPS of $6.30 to $6.40.

Key Takeaways

  • • Strong data center demand, particularly in the Americas with 44% organic sales growth
  • • 23% organic sales growth plus 4% contribution from acquisitions and 3% favorable currency
  • • Operational leverage on higher volume and positive price-cost inclusive of tariff mitigation
  • • Adjusted operating margin expansion of 430 basis points year-over-year to 20.8%
  • • Working capital efficiency driving strong cash generation, including $651.2M increase in deferred revenue
  • • Lower net interest expense following debt restructuring

VRT Forward Guidance & Outlook

Vertiv raised its full-year 2026 guidance, expecting net sales of $13,500M–$14,000M with organic sales growth of 29%–31%. Full-year adjusted diluted EPS is expected at $6.30–$6.40, representing 50%–52% growth at the midpoint. Adjusted free cash flow is projected at $2,100M–$2,300M. For Q2 2026, the company guides net sales of $3,250M–$3,450M with organic growth of 20%–24%, adjusted operating profit of $690M–$730M, and adjusted diluted EPS of $1.37–$1.43. The data center market continues to demonstrate robust momentum supported by strong underlying demand fundamentals, and Vertiv is further accelerating capacity expansion and strategic investments to capture market share.

24/7 Wall St

VRT YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

VRT Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26
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VRT Revenue by Geography

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We're seeing data center infrastructure requirements evolve significantly, with customers prioritizing optimized design, deployment speed, and operational efficiency - reshaping their approach to deployment. This quarter's financial performance reflects our ability to meet customers at this critical moment with unique capabilities. Our investments in technology and capacity, combined with strategic acquisitions, are translating into market share gains as customers demand faster deployment, greater reliability, and comprehensive services. As infrastructure density increases and deployment timelines compress, we're positioned to be the partner customers need to bring their most ambitious projects to life, at scale.”

— Giordano Albertazzi, Q1 2026 Earnings Press Release

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