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.
VRT YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
VRT Revenue by Segment
With YoY comparisons, source: SEC Filings
VRT Revenue by Geography
With YoY comparisons, source: SEC Filings
“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
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 | — |