Vertiv: Partnership With Nvidia And Intel Drives Opportunistic Growth - Wait For Pullback

Much of VRT's bottom-line improvements are attributed to the increasingly rich gross margins of 34.5% (+2 points YoY) in the latest quarter, as supply chain issues moderate, further aided by the higher ASPs. The same expansion has been observed in its adj operating margins of 15.1% (+3.6 points Yo'Y), thanks to the improved operating scale/ productivity and relatively stable SG&A expenses of $314M (+1.7% YoY). As a result of these developments, it is unsurprising that VRT has also raised their FY2024 guidan ...