```markdown [Third Quarter 2025 Highlights](index=1&type=section&id=Third%20Quarter%202025%20Highlights) [Summary of Key Financial and Operational Achievements](index=1&type=section&id=Summary%20of%20Key%20Financial%20and%20Operational%20Achievements) Vertiv reported strong third-quarter 2025 results, with significant growth in net sales, operating profit, and orders, driven by increased market demand, particularly in AI-driven infrastructure Key Financial and Operational Achievements | Metric | Q3 2025 Value | Change YoY (%) | Change QoQ (%) | | :-------------------------- | :------------ | :--------- | :--------- | | Net Sales | $2,676 million | +29% | - | | Organic Orders | - | +60% | +20% | | TTM Organic Orders | - | +21% | - | | Book-to-bill ratio | ~1.4x | - | - | | Backlog | $9.5 billion | - | - | | Operating Profit | $517 million | +39% | - | | Adjusted Operating Profit | $596 million | +43% | - | | Adjusted Operating Margin | 22.3% | +220 bps | +380 bps | | Diluted EPS | $1.02 | +122% | - | | Adjusted Diluted EPS | $1.24 | +63% | - | - Strong sales growth was driven by **43% growth in Americas** and **20% growth in APAC**[2](index=2&type=chunk) - The company is investing more decisively in expanding manufacturing and services capacity and amplifying ER&D capabilities to meet strong industry demand, especially in AI-driven infrastructure[4](index=4&type=chunk) - Accelerated a restructuring program in EMEA to optimize and focus operations, anticipating improved market conditions in H2 2026[4](index=4&type=chunk) [Financial Performance Overview](index=9&type=section&id=Financial%20Performance%20Overview) [Consolidated Statements of Earnings (Loss)](index=9&type=section&id=Consolidated%20Statements%20of%20Earnings%20(Loss)) Vertiv reported substantial increases in net sales and profitability for both the third quarter and the nine months ended September 30, 2025, compared to the prior year periods, driven by growth in both product and service sales Consolidated Statements of Earnings (Loss) - Key Metrics | Metric | Q3 2025 ($M) | Q3 2024 ($M) | 9M 2025 ($M) | 9M 2024 ($M) | | :-------------------------- | :----------- | :----------- | :----------- | :----------- | | Net Sales - Products | 2,214.4 | 1,653.7 | 6,030.1 | 4,479.2 | | Net Sales - Services | 461.4 | 419.8 | 1,319.8 | 1,186.2 | | **Total Net Sales** | **2,675.8** | **2,073.5** | **7,349.9** | **5,665.4** | | Cost of Sales - Products | 1,398.4 | 1,066.3 | 3,980.8 | 2,875.6 | | Cost of Sales - Services | 266.7 | 250.8 | 775.3 | 725.8 | | **Total Cost of Sales** | **1,665.1** | **1,317.1** | **4,756.1** | **3,601.4** | | Operating Profit (Loss) | 516.7 | 371.6 | 1,249.8 | 910.2 | | Net Income (Loss) | 398.5 | 176.6 | 887.2 | 348.8 | | Basic EPS | 1.04 | 0.47 | 2.33 | 0.93 | | Diluted EPS | 1.02 | 0.46 | 2.27 | 0.90 | - Operating profit increased by **39% in Q3 2025** and **37% for the nine months ended September 30, 2025**, compared to the prior year periods[24](index=24&type=chunk) - Net income more than doubled in Q3 2025, rising from **$176.6 million to $398.5 million**, and significantly increased for the nine-month period[24](index=24&type=chunk) [Consolidated Balance Sheets](index=10&type=section&id=Consolidated%20Balance%20Sheets) Vertiv's balance sheet shows growth in total assets, primarily driven by increases in cash, short-term investments, accounts receivable, and inventories, while maintaining a stable debt structure Consolidated Balance Sheets - Key Metrics | Metric | Sep 30, 2025 ($M) | Dec 31, 2024 ($M) | | :-------------------------- | :---------------- | :---------------- | | Cash and cash equivalents | 1,396.0 | 1,227.6 | | Short-term investments | 544.6 | — | | Accounts receivable, net | 2,810.7 | 2,362.7 | | Inventories | 1,437.1 | 1,244.4 | | **Total current assets** | **6,549.2** | **5,101.8** | | **Total assets** | **10,816.3** | **9,132.5** | | Accounts payable | 1,718.9 | 1,316.4 | | Deferred revenue | 1,131.9 | 1,063.3 | | **Total current liabilities** | **3,576.8** | **3,097.0** | | Long-term debt, net | 2,897.6 | 2,907.2 | | **Total liabilities** | **7,307.6** | **6,698.2** | | **Total equity** | **3,508.7** | **2,434.3** | - Total assets increased by **$1,683.8 million** from December 31, 2024, to September 30, 2025[26](index=26&type=chunk) - Total equity increased by **$1,074.4 million**, reflecting improved profitability and retained earnings[26](index=26&type=chunk) [Consolidated Statements of Cash Flows](index=11&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Vertiv generated strong cash flow from operating activities in Q3 and YTD 2025, which was partially offset by significant investing activities, including capital expenditures and business acquisitions Consolidated Statements of Cash Flows - Key Activities | Cash Flow Activity | Q3 2025 ($M) | Q3 2024 ($M) | 9M 2025 ($M) | 9M 2024 ($M) | | :---------------------------------- | :----------- | :----------- | :----------- | :----------- | | Net cash from operating activities | 508.7 | 375.1 | 1,134.9 | 894.1 | | Net cash from investing activities | (709.9) | (39.2) | (892.7) | (120.7) | | Net cash from financing activities | (11.4) | (13.7) | (44.3) | (640.4) | | Increase (decrease) in cash | (211.8) | 329.7 | 212.0 | 128.8 | | Ending cash, cash equivalents and restricted cash | 1,444.2 | 917.4 | 1,444.2 | 917.4 | - Investing activities in Q3 2025 included **$45.2 million in capital expenditures**, **$1.5 million in capitalized software**, **$441.5 million in short-term investments**, and **$221.7 million for business acquisitions**[27](index=27&type=chunk) - Changes in operating working capital negatively impacted cash flow by **$45.5 million in Q3 2025**, primarily due to increases in accounts receivable and inventories, partially offset by increases in accounts payable[27](index=27&type=chunk) [Liquidity and Adjusted Free Cash Flow](index=2&type=section&id=Liquidity%20and%20Adjusted%20Free%20Cash%20Flow) [Liquidity and Adjusted Free Cash Flow Performance](index=2&type=section&id=Liquidity%20and%20Adjusted%20Free%20Cash%20Flow%20Performance) Vertiv demonstrated strong liquidity and adjusted free cash flow growth in Q3 2025, driven by higher operating profit and lower interest costs, with its credit rating upgraded reflecting robust financial health Liquidity and Adjusted Free Cash Flow | Metric | Q3 2025 Value | Change from Q3 2024 (%) | | :-------------------------------- | :------------ | :---------------------- | | Net cash generated by operating activities | $509 million | +36% | | Adjusted free cash flow | $462 million | +38% | | Liquidity (end of Q3 2025) | $2.7 billion | - | | Net leverage (end of Q3 2025) | ~0.5x | - | - Moody's Investors Service upgraded Vertiv's credit rating to **Ba1 from Ba2**, citing strong market position and consistent operational achievements[7](index=7&type=chunk) - Adjusted free cash flow growth was partially offset by increased taxes from higher profitability and capital investments[6](index=6&type=chunk) [Segment Performance Analysis](index=13&type=section&id=Segment%20Performance%20Analysis) [Regional Segment Results](index=13&type=section&id=Regional%20Segment%20Results) The Americas and APAC regions showed strong growth in net sales and adjusted operating profit for both Q3 and YTD 2025, while EMEA's net sales remained flat in Q3 with a decline in adjusted operating profit Regional Net Sales and Adjusted Operating Profit (Q3 2025 vs Q3 2024) | Region | Net Sales Q3 2025 ($M) | Net Sales Q3 2024 ($M) | Change (%) | Organic Change (%) | Adj. Op. Profit Q3 2025 ($M) | Adj. Op. Profit Q3 2024 ($M) | Change (%) | | :----- | :--------------------- | :--------------------- | :--- | :--------- | :--------------------------- | :--------------------------- | :--- | | AMER | 1,712.4 | 1,198.6 | 42.9% | 43.0% | 501.8 | 303.4 | 65.4% | | APAC | 519.8 | 432.4 | 20.2% | 21.3% | 68.5 | 44.1 | 55.3% | | EMEA | 443.6 | 442.5 | 0.2% | (4.0)% | 83.5 | 114.4 | (27.0)% | | Total | 2,675.8 | 2,073.5 | 29.0% | 28.4% | 595.6 | 416.9 | 42.9% | Regional Net Sales and Adjusted Operating Profit (9M 2025 vs 9M 2024) | Region | Net Sales 9M 2025 ($M) | Net Sales 9M 2024 ($M) | Change (%) | Organic Change (%) | Adj. Op. Profit 9M 2025 ($M) | Adj. Op. Profit 9M 2024 ($M) | Change (%) | | :----- | :--------------------- | :--------------------- | :--- | :--------- | :--------------------------- | :--------------------------- | :--- | | AMER | 4,500.0 | 3,244.7 | 38.7% | 39.0% | 1,146.1 | 776.3 | 47.6% | | APAC | 1,527.2 | 1,173.8 | 30.1% | 31.0% | 173.4 | 106.8 | 62.4% | | EMEA | 1,322.7 | 1,246.9 | 6.1% | 3.1% | 266.4 | 294.2 | (9.4)% | | Total | 7,349.9 | 5,665.4 | 29.7% | 29.4% | 1,421.6 | 1,047.3 | 35.7% | Adjusted Operating Margins by Region | Region | Q3 2025 (%) | Q3 2024 (%) | Change (%) | 9M 2025 (%) | 9M 2024 (%) | Change (%) | | :----- | :------ | :------ | :--- | :------ | :------ | :--- | | AMER | 29.3% | 25.3% | 4.0% | 25.5% | 23.9% | 1.6% | | APAC | 13.2% | 10.2% | 3.0% | 11.4% | 9.1% | 2.3% | | EMEA | 18.8% | 25.9% | (7.1)% | 20.1% | 23.6% | (3.5)% | | Vertiv | 22.3% | 20.1% | 2.2% | 19.3% | 18.5% | 0.8% | [Sales by Product and Service Offering](index=14&type=section&id=Sales%20by%20Product%20and%20Service%20Offering) Product sales significantly outpaced service and spares sales growth across all regions for both the third quarter and year-to-date 2025, with the Americas leading in product sales growth Sales by Product and Service Offering (Q3 2025 vs Q3 2024) | Region | Category | Q3 2025 ($M) | Q3 2024 ($M) | Change (%) | | :------- | :--------- | :----------- | :----------- | :--- | | Americas | Products | 1,426.6 | 957.0 | 49.1% | | | Services & spares | 285.8 | 241.6 | 18.3% | | Asia Pacific | Products | 392.7 | 313.9 | 25.1% | | | Services & spares | 127.1 | 118.5 | 7.3% | | EMEA | Products | 348.3 | 344.7 | 1.0% | | | Services & spares | 95.3 | 97.8 | (2.6)% | | **Total** | **Products** | **2,167.6** | **1,615.6** | **34.2%** | | | **Services & spares** | **508.2** | **457.9** | **11.0%** | Sales by Product and Service Offering (9M 2025 vs 9M 2024) | Region | Category | 9M 2025 ($M) | 9M 2024 ($M) | Change (%) | | :------- | :--------- | :----------- | :----------- | :--- | | Americas | Products | 3,705.7 | 2,565.2 | 44.5% | | | Services & spares | 794.3 | 679.5 | 16.9% | | Asia Pacific | Products | 1,150.5 | 831.0 | 38.4% | | | Services & spares | 376.7 | 342.8 | 9.9% | | EMEA | Products | 1,041.4 | 974.1 | 6.9% | | | Services & spares | 281.3 | 272.8 | 3.1% | | **Total** | **Products** | **5,897.6** | **4,370.3** | **34.9%** | | | **Services & spares** | **1,452.3** | **1,295.1** | **12.1%** | [Organic Growth by Product and Service Offering](index=15&type=section&id=Organic%20Growth%20by%20Product%20and%20Service%20Offering) Organic growth, excluding foreign currency exchange rate impacts, mirrored overall sales trends, with products showing stronger growth than services, particularly in the Americas and Asia Pacific Organic Growth by Product and Service Offering (Q3 2025) | Region | Category | Organic Growth ($M) | Organic Change (%) | | :------- | :--------- | :------------------ | :--------- | | Americas | Products | 471.1 | 49.2% | | | Services & spares | 43.8 | 18.1% | | Asia Pacific | Products | 82.4 | 26.3% | | | Services & spares | 9.6 | 8.1% | | EMEA | Products | (10.4) | (3.0)% | | | Services & spares | (7.3) | (7.5)% | | **Total** | **Products** | **543.1** | **33.6%** | | | **Services & spares** | **46.1** | **10.1%** | Organic Growth by Product and Service Offering (9M 2025) | Region | Category | Organic Growth ($M) | Organic Change (%) | | :------- | :--------- | :------------------ | :--------- | | Americas | Products | 1,148.1 | 44.8% | | | Services & spares | 117.5 | 17.3% | | Asia Pacific | Products | 326.1 | 39.2% | | | Services & spares | 37.4 | 10.9% | | EMEA | Products | 37.4 | 3.8% | | | Services & spares | 1.8 | 0.7% | | **Total** | **Products** | **1,511.6** | **34.6%** | | | **Services & spares** | **156.7** | **12.1%** | [Segment Operating Profit (Loss)](index=16&type=section&id=Segment%20Operating%20Profit%20(Loss)) The Americas segment was the primary driver of operating profit growth, while EMEA experienced a decline, and corporate costs also increased, impacting overall profitability Segment Operating Profit (Loss) | Segment | Q3 2025 ($M) | Q3 2024 ($M) | 9M 2025 ($M) | 9M 2024 ($M) | | :-------------------------- | :----------- | :----------- | :----------- | :----------- | | Americas | 501.8 | 303.4 | 1,146.1 | 776.3 | | Asia Pacific | 68.5 | 44.1 | 173.4 | 106.8 | | Europe, Middle East & Africa | 83.5 | 114.4 | 266.4 | 294.2 | | Total reportable segments | 653.8 | 461.9 | 1,585.9 | 1,177.3 | | Corporate | (88.0) | (39.7) | (189.2) | (121.3) | | Amortization of intangibles | (48.2) | (45.3) | (141.1) | (137.1) | | **Operating profit (loss)** | **516.7** | **371.6** | **1,249.8** | **910.2** | - Corporate costs increased significantly from **$39.7 million in Q3 2024 to $88.0 million in Q3 2025**[38](index=38&type=chunk) [Outlook and Guidance](index=2&type=section&id=Outlook%20and%20Guidance) [Full Year and Fourth Quarter 2025 Guidance](index=2&type=section&id=Full%20Year%20and%20Fourth%20Quarter%202025%20Guidance) Vertiv is raising its full-year 2025 guidance across key financial metrics, reflecting sustained business momentum, strong backlog, and strategic investments to capitalize on market opportunities - Vertiv is strategically increasing ER&D investments and expanding production capacity to meet rising industry demand, with **2025 capital expenditures expected to be ~$250 million** and further expansion in 2026[8](index=8&type=chunk) Updated Full Year and Fourth Quarter 2025 Guidance (Midpoint) | Metric | Fourth Quarter 2025 Guidance | Full Year 2025 Guidance | | :-------------------------- | :--------------------------- | :---------------------- | | Net sales | $2,810M - $2,890M | $10,160M - $10,240M | | Organic net sales growth | 18% - 22% | 26% - 28% | | Adjusted operating profit | $620M - $660M | $2,040M - $2,080M | | Adjusted operating margin | 22.1% - 22.7% | 20.0% - 20.5% | | Adjusted diluted EPS | $1.23 - $1.29 | $4.07 - $4.13 | | Adjusted free cash flow | $470M - $530M | $1,470M - $1,530M | - The company increased its adjusted diluted EPS guidance from **$3.80 to $4.10**, adjusted operating profit from **$1,990 million to $2,060 million**, and adjusted free cash flow from **$1,400 million to $1,500 million** (all figures at midpoint of guidance)[9](index=9&type=chunk) [Company Information](index=4&type=section&id=Company%20Information) [About Vertiv Holdings Co](index=4&type=section&id=About%20Vertiv%20Holdings%20Co) Vertiv Holdings Co is a global leader in critical digital infrastructure, providing hardware, software, analytics, and services to ensure continuous, optimal, and scalable operation of vital applications - Vertiv offers a portfolio of power, cooling, and IT infrastructure solutions and services, extending from the cloud to the edge of the network[14](index=14&type=chunk) - Headquartered in Westerville, Ohio, USA, Vertiv operates in **over 130 countries**[14](index=14&type=chunk) [Earnings Conference Call Details](index=4&type=section&id=Earnings%20Conference%20Call%20Details) Vertiv's management team will host a conference call to discuss the Q3 2025 results, with a webcast and slide presentation available on the company's investor relations website - The conference call was scheduled for Wednesday, October 22, at **11 a.m. Eastern Time**[13](index=13&type=chunk) - A webcast of the live call and a slide presentation are available on investors.vertiv.com, with a replay available for **30 days**[13](index=13&type=chunk) [Non-GAAP Financial Information](index=4&type=section&id=Non-GAAP%20Financial%20Information) [Explanation of Non-GAAP Measures](index=4&type=section&id=Explanation%20of%20Non-GAAP%20Measures) Vertiv utilizes several non-GAAP financial measures to provide investors with supplemental information for evaluating ongoing operations and comparing financial results - Management believes these non-GAAP measures offer useful supplemental information for evaluating the Company's ongoing operations and comparing with past and future periods[15](index=15&type=chunk)[28](index=28&type=chunk) - **Adjusted operating profit (loss):** Operating profit (loss) adjusted to exclude amortization of intangibles and restructuring costs - **Adjusted operating margin:** Adjusted operating profit (loss) divided by net sales - **Organic net sales growth:** Change in net sales adjusted to exclude impacts of foreign currency exchange rates - **Adjusted free cash flow:** Net cash provided by (used for) operating activities adjusted to exclude capital expenditures and investments in capitalized software - **Adjusted diluted EPS:** Diluted earnings per share adjusted to exclude amortization of intangibles, restructuring costs, net non-recurring tax adjustments, term loan amendment expense, and change in warranty liability - Reconciliation of certain forward-looking GAAP to non-GAAP measures for guidance is not available without unreasonable effort due to high variability and uncertainty[16](index=16&type=chunk) [Reconciliation of GAAP and Non-GAAP Financial Measures (Q3 2025 & Q3 2024)](index=16&type=section&id=Reconciliation%20of%20GAAP%20and%20Non-GAAP%20Financial%20Measures%20(Q3%202025%20%26%20Q3%202024)) Detailed reconciliations are provided for key non-GAAP metrics, illustrating the adjustments made from GAAP figures for both the three and nine months ended September 30, 2025 and 2024 Reconciliation of Net Cash from Operating Activities to Adjusted Free Cash Flow | Metric | Q3 2025 ($M) | Q3 2024 ($M) | 9M 2025 ($M) | 9M 2024 ($M) | | :--------------------------------------- | :----------- | :----------- | :----------- | :----------- | | Net cash provided by (used for) operating activities | 508.7 | 375.1 | 1,134.9 | 894.1 | | Capital expenditures | (45.2) | (36.4) | (126.7) | (106.3) | | Investments in capitalized software | (1.5) | (2.8) | (4.7) | (14.4) | | **Adjusted free cash flow** | **462.0** | **335.9** | **1,003.5** | **773.4** | Reconciliation from Operating Profit (Loss) to Adjusted Operating Profit (Loss) | Metric | Q3 2025 ($M) | Q3 2024 ($M) | 9M 2025 ($M) | 9M 2024 ($M) | | :-------------------------- | :----------- | :----------- | :----------- | :----------- | | Operating profit (loss) | 516.7 | 371.6 | 1,249.8 | 910.2 | | Amortization of intangibles | 48.2 | 45.3 | 141.1 | 137.1 | | Restructuring costs | 30.7 | — | 30.7 | — | | **Adjusted operating profit (loss)** | **595.6** | **416.9** | **1,421.6** | **1,047.3** | Reconciliation of Diluted EPS to Adjusted Diluted EPS (Q3 2025) | Metric | GAAP Diluted EPS ($) | Adjustments ($) | Non-GAAP Adjusted Diluted EPS ($) | | :-------------------------- | :--------------- | :---------- | :---------------------------- | | Q3 2025 | $1.02 | Amortization of intangibles: $0.12, Restructuring costs: $0.08, Term loan amendment expense: $0.02 | $1.24 | [Reconciliation of 2025 Adjusted Guidance](index=18&type=section&id=Reconciliation%20of%202025%20Adjusted%20Guidance) The report provides a reconciliation of GAAP Diluted EPS to Adjusted Diluted EPS for the fourth quarter and full year 2025 guidance, detailing the specific adjustments made Reconciliation of Diluted EPS to Adjusted Diluted EPS (Q4 2025 Guidance) | Metric | GAAP Diluted EPS ($) | Adjustments ($) | Non-GAAP Adjusted Diluted EPS ($) | | :-------------------------- | :--------------- | :---------- | :---------------------------- | | Q4 2025 | $1.14 | Amortization of intangibles: $0.12 | $1.26 | Reconciliation of Diluted EPS to Adjusted Diluted EPS (Full Year 2025 Guidance) | Metric | GAAP Diluted EPS ($) | Adjustments ($) | Non-GAAP Adjusted Diluted EPS ($) | | :-------------------------- | :--------------- | :---------- | :---------------------------- | | Full Year 2025 | $3.41 | Amortization of intangibles: $0.49, Restructuring costs: $0.08, Non-recurring tax adjustment: $0.10, Term loan amendment expense: $0.02 | $4.10 | - Guidance reflects tariff rates active on October 20, 2025, and does not account for proposed tariffs that may become effective later[49](index=49&type=chunk) [Cautionary Note Concerning Forward-Looking Statements](index=4&type=section&id=Cautionary%20Note%20Concerning%20Forward-Looking%20Statements) [Risks and Uncertainties](index=4&type=section&id=Risks%20and%20Uncertainties) This section serves as a standard disclaimer, highlighting that statements regarding future performance, strategies, or expectations are forward-looking and subject to numerous assumptions, risks, and uncertainties - Forward-looking statements are not guarantees of performance and are subject to risks and uncertainties that change over time[18](index=18&type=chunk)[20](index=20&type=chunk) - Key risk factors include continued growth of customer markets, long sales cycles, failure to realize sales from backlog, supply chain management issues, competition, IT disruption, and global economic weakness[20](index=20&type=chunk) - Vertiv undertakes no obligation to update or revise any forward-looking statements, except as required by applicable securities laws[20](index=20&type=chunk) ```

Core Insights - Vertiv Holdings Co reported a strong financial performance for Q3 2025, with net sales reaching $2,676 million, a 29% increase year-over-year, driven by significant growth in the Americas and APAC regions [1][10] - The company experienced a substantial increase in organic orders, up approximately 60% year-over-year and 20% sequentially from Q2 2025, indicating robust market demand [1][10] - Vertiv's adjusted operating profit for Q3 2025 was $596 million, reflecting a 43% increase compared to the same quarter in 2024, with an adjusted operating margin of 22.3% [2][10] Financial Performance - Q3 2025 net sales were $2,676 million, up $602 million or 29% from Q3 2024, with the Americas growing by 43% and APAC by 20% [1][10] - Operating profit for Q3 2025 was $517 million, a 39% increase from the previous year, while adjusted operating profit rose to $596 million, a 43% increase [2][10] - Adjusted diluted EPS for Q3 2025 was $1.24, up 63% from Q3 2024 [10] Cash Flow and Liquidity - Net cash generated by operating activities in Q3 2025 was $509 million, with adjusted free cash flow increasing by 38% to $462 million [4][10] - Liquidity remained strong at $2.7 billion, with net leverage at approximately 0.5x at the end of Q3 2025 [5] Guidance and Future Outlook - Vertiv raised its full-year 2025 guidance, increasing adjusted diluted EPS from $3.80 to $4.10 and adjusted operating profit from $1,990 million to $2,060 million [7][10] - The company anticipates continued strong growth, with Q4 2025 net sales expected to be between $2,810 million and $2,890 million, reflecting organic net sales growth of 18% to 22% [7][10] Strategic Initiatives - Vertiv is investing in expanding manufacturing and services capacity to meet rising industry demand, particularly in AI-driven infrastructure [3][6] - The company is also enhancing its engineering, research, and development capabilities to stay ahead of industry trends [3][6]

Core Insights - Whales have adopted a bullish stance on Vertiv Holdings, with 58% of trades being bullish and 25% bearish [1] - The projected price targets for Vertiv Holdings range from $120.0 to $260.0 based on recent options activity [2] - The average open interest for options stands at 1,031.68, with total volume reaching 30,681.00 [3] Options Trading Activity - A total of 74 trades were detected, with 45 puts totaling $1,994,047 and 29 calls totaling $2,676,458 [1] - The largest observed options trades include bullish and bearish sentiments, with significant trade prices and varying strike prices [8] Market Position and Analyst Ratings - Vertiv Holdings has an average price target of $194.8 from five professional analysts, with individual targets ranging from $180 to $206 [11][12] - The company has a historical background dating back to 1946, focusing on air-cooling systems and expanding its data center portfolio through product development and acquisitions [9][10] Current Stock Performance - The current trading volume for Vertiv Holdings is 2,206,323, with a price decrease of 1.76%, reaching $172.64 [14]

Core Insights - Vertiv (VRT) is expected to report third-quarter 2025 results on October 22, with revenues projected between $2.51 billion and $2.59 billion, indicating a year-over-year growth of 24.6% [1][2] - The consensus estimate for earnings is $1 per share, reflecting a 31.6% year-over-year increase [2] Financial Performance - The Zacks Consensus Estimate for third-quarter 2025 revenues is $2.58 billion, with earnings expected at $1 per share, which has increased by a penny over the past 30 days [2] - Vertiv's earnings have consistently beaten the Zacks Consensus Estimate in the last four quarters, with an average earnings surprise of 10.65% [6] Growth Drivers - The anticipated growth in Q3 results is attributed to Vertiv's extensive product portfolio, including thermal systems, liquid cooling, UPS, and modular solutions, particularly benefiting from AI-driven order growth [8] - Recent acquisitions, such as Waylay NV and Great Lakes Data Racks & Cabinets, are expected to enhance Vertiv's capabilities in AI-driven monitoring and control technologies, contributing to top-line growth [10][12] Market Position - Vertiv shares have gained 53.2% year-to-date, outperforming the Zacks Computer & Technology sector's growth of 23.1% and the Zacks Computer IT Services industry's decline of 16.4% [13] - The stock is currently trading above its 50-day and 200-day moving averages, indicating a bullish trend [16] Valuation Concerns - Despite strong performance, Vertiv's stock is considered overvalued, with a Value Score of D and a 12-month price/book ratio of 21.26, significantly higher than the sector average of 11.29 [19] - The company faces challenges in the EMEA region, with flat sales expected for 2025 compared to 2024, alongside rising expenses related to engineering and R&D [23] Competitive Landscape - Vertiv is experiencing rapid growth in the liquid cooling market, crucial for AI and high-density computing, but faces intense competition in this area [25] - Concerns over tariff headwinds and stretched valuation are noted as potential risks for investors [25]

Core Insights - Vertiv Holdings Co, a leader in critical digital infrastructure, will participate in the Baird 2025 Global Industrial Conference on November 11, 2025, with CEO Giordano Albertazzi featured in a fireside chat [1][2] Company Overview - Vertiv integrates hardware, software, analytics, and ongoing services to support vital applications, ensuring they run continuously and optimally [2] - The company addresses challenges in data centers, communication networks, and commercial facilities with a comprehensive portfolio of power, cooling, and IT infrastructure solutions [2] - Vertiv operates in over 130 countries and is headquartered in Westerville, Ohio, USA [2]

Core Viewpoint - Verdive is positioned as a strong player in the data center buildout sector, with significant expected capital expenditure growth and organic growth potential [1][5]. Company Performance - Capital expenditure (Capex) is projected to grow by approximately 50% from 2025 to 2029 [1]. - The company has a backlog of $8.5 billion and a book-to-bill ratio of 1.2 times [1]. - Record orders reached $3.2 billion, reflecting a 25% year-over-year increase [2]. Growth and Margins - Verdive is expected to achieve organic growth of 15% to 20% [1][5]. - Operating margins are currently at a low point but are anticipated to improve, with a target of reaching 25% by 2028 [2]. Earnings Potential - The company is projected to have earnings power in the range of $7 to $10 [3]. Competitive Positioning - Compared to peers like Johnson Controls and Eaton, Verdive trades at a premium but is believed to offer faster growth and better operating leverage [4][5]. - The management team, led by David Cody, is considered best-in-class, contributing positively to the company's outlook [6][9]. Industry Context - The global demand for data centers is significant, with a current count of 11,400, and a need to increase to around 30,000 to meet future demand [11]. - The company is closely tied to the AI data center narrative, which is expected to remain strong [10][11].

Core Insights - The AI infrastructure sector is experiencing significant growth, driven by high demand for productivity and efficiency gains from AI technology [1] - Major players like Nvidia and Palantir have seen substantial stock price increases, with Nvidia up 62% and Palantir's stock doubling in the past six months [2] - Vertiv Holdings has outperformed these larger companies with a remarkable 152% stock price increase in the same timeframe, indicating strong market interest [3] Company Performance - Vertiv specializes in power management systems, thermal management systems, and data center solutions, which are in high demand due to the increasing complexity and power requirements of AI workloads [4] - The company has formed partnerships, such as with CoreWeave, to enhance its offerings and capitalize on the growing AI data center market [5] - Vertiv's revenue for the first half of 2025 rose by 30% year-over-year to $4.67 billion, with a projected organic sales growth of 24% for the year [7] Strategic Moves - Vertiv's acquisition of Great Lakes for $200 million aims to strengthen its position in the AI data center market, addressing the rapid increase in order demand [8] - The company's book-to-bill ratio of 1.2 in Q2 indicates strong order growth, with over $3 billion in orders received, prompting an optimistic full-year outlook [9] Market Trends - AI-driven power demand in data centers is expected to surge by 165% by 2030, creating a significant market opportunity for Vertiv's products [10] - Data center capacity could increase fourfold by 2030, leading to a potential shortfall in meeting AI-related demand, further boosting the need for Vertiv's solutions [11] Valuation Metrics - Despite a significant stock price increase, Vertiv is trading at 34 times forward earnings, which is lower than the average for the U.S. technology sector [14] - The company's price/earnings-to-growth (PEG) ratio stands at 0.91, indicating that the stock is undervalued relative to its earnings growth potential [15]

Core Insights - Vertiv Holdings Co (NYSE:VRT) is recognized for its critical role in the AI boom, particularly in providing power and cooling infrastructure for AI data centers [1][2] - The stock has shown significant growth, with an increase of almost 200% in 2024, although it has stabilized in 2025 [2] - Analysts believe the stock is fairly valued, trading at approximately 30–32 times forward earnings, which is considered reasonable [2] Company Performance - Vertiv has consistently outperformed earnings estimates, beating expectations 14 out of 17 times [2] - The company is part of Nvidia's partner network, collaborating on customized liquid cooling and power designs for high-performance GPUs [2] - Vertiv's stock is currently forming a technical inverse head-and-shoulders pattern, indicating potential for upward movement if it breaks through the resistance level of 157 [2] Industry Context - The growing focus on AI and the necessary infrastructure investments are benefiting both Vertiv and Comfort Systems, which provides HVAC and electrical systems [3] - Vertiv's power and thermal management systems are essential for data center operations, highlighting its importance in the AI infrastructure landscape [3]

Core Insights - Vertiv Holdings Co. experienced a stock surge of over 6%, closing at a new 52-week high of $179.43, driven by the appointment of a new Chief Financial Officer (CFO) [1][2] - The new CFO, Craig Chamberlin, is expected to shift the company's focus from managing rapid growth to optimizing it for profitability, indicating a strategic evolution within the company [2][8] Financial Performance - Vertiv reported a 35.1% year-over-year revenue increase in its second quarter of 2025, benefiting from the AI infrastructure buildout [3] - The adjusted operating margin declined to 18.5% from 19.6% in the prior year, highlighting challenges in profit margins due to supply chain transitions and operational inefficiencies [4] Leadership Changes - Craig Chamberlin, the new CFO, brings extensive operational expertise from Wabtec and General Electric, focusing on margin improvement and operational finance [5][6] - The leadership transition also includes Paul Ryan as the new president for the EMEA region, emphasizing a commitment to enhancing supply chain performance [11] Strategic Direction - The appointment of the new CFO is part of a broader strategy to dominate the AI infrastructure market, transitioning from growth capture to optimizing profitability [8][10] - Vertiv's collaboration with NVIDIA to deliver next-generation power architecture indicates a focus on long-term technology advantages [11] Market Outlook - The stock is currently trading above the average analyst price target of $149.84, reflecting investor confidence in the company's strategic moves [9] - Analysts have a Moderate Buy rating on Vertiv, with a 12-month stock price forecast of $157.90, indicating potential downside [8][9]

Core Insights - Vertiv Holdings Co. is a key player in digital infrastructure, providing essential products and services for data centers and communication networks, competing with industry giants like Schneider Electric and Eaton Corporation [1] Group 1: Company Overview - Vertiv is known for its innovative solutions that support the growing demand for data management and connectivity [1] - The company has a market capitalization of approximately $66.91 billion [4][5] Group 2: Stock Performance - The current stock price for Vertiv is $175.23, reflecting a decrease of 2.11% or $3.77 [4][5] - Over the past year, the stock has fluctuated between a low of $53.60 and a high of $184.44 [4][5] - The stock has a trading volume of 1,965,990 shares on the NYSE [4] Group 3: Analyst Ratings - Oppenheimer upgraded Vertiv to "Outperform" with a target price of $205, driven by strong demand for AI infrastructure [2][5] - The stock was previously priced at approximately $173.70 before the upgrade [2] Group 4: Strategic Initiatives - Vertiv's strategic acquisitions, such as Great Lakes and Waylay NV, are aimed at creating integrated hardware-software solutions to meet the increasing demand for AI infrastructure [3] - Partnerships with Dell and involvement in Nvidia's GB300 NVL72 project position Vertiv to capitalize on investments in AI infrastructure by hyperscalers and cloud service providers [3][5]