Q2 26 EPS
$1.52
Q2 26 Revenue
$3.27B
vs S&P Since Q2 26
-4.4%
TRAILING MARKET
VRT +1.6% vs S&P +6.0%
Market Reaction
Did VRT Beat Earnings? Q2 2026 Results
Vertiv Holdings Co delivered a standout second quarter for 2026, posting earnings per share of $1.52 on revenue of $3.27 billion, a 24.1% year-over-year increase that extended the company's EPS beat streak to five consecutive quarters. The primary en… Read more Vertiv Holdings Co delivered a standout second quarter for 2026, posting earnings per share of $1.52 on revenue of $3.27 billion, a 24.1% year-over-year increase that extended the company's EPS beat streak to five consecutive quarters. The primary engine behind the quarter was an 18% organic sales surge, amplified by a 5% contribution from acquisitions and favorable currency translation, as hyperscale data center operators continued scaling complex, multi-phased deployments that drove exceptional demand for Vertiv's power and thermal management solutions. The Americas segment led all regions with $2.07 billion in sales, up 29.2%, while adjusted operating margin expanded 410 basis points to 22.6%, reflecting strong productivity and favorable price-cost dynamics. GAAP net income nearly doubled to $497.80 million, and operating cash flow surged to $1.10 billion. Those bullish on the stock heading into the print found their thesis validated, as management raised full-year 2026 guidance to net sales of $13.80 billion to $14.20 billion and adjusted diluted EPS of $6.65 to $6.75.
Key Takeaways
- • 18% organic sales growth with 5% contribution from acquisitions
- • Adjusted operating margin expansion of 410 basis points to 22.6%
- • Operational execution and continued strong productivity
- • Favorable price-cost dynamics inclusive of tariff impacts and countermeasures
- • Working capital efficiency driving strong cash flow generation
- • Lower cash interest following term loan repayment in March 2026
- • Americas segment adjusted operating margin of 27.6%, up 360 basis points
VRT Forward Guidance & Outlook
Vertiv raised full year 2026 guidance across all key metrics. The company now expects full year net sales of $13,800M to $14,200M with organic sales growth of 30-32%. Adjusted operating profit is expected at $3,285M to $3,365M with adjusted operating margin of 23.3-24.3%. Adjusted diluted EPS is guided at $6.65 to $6.75, representing 58-61% growth. Adjusted free cash flow is expected at $2,400M to $2,600M. For Q3 2026, net sales are guided at $3,650M to $3,850M with 34-36% organic growth, adjusted operating profit of $898M to $938M, and adjusted diluted EPS of $1.77 to $1.83. Capital expenditures for full year 2026 are expected at approximately 4.0% of revenue. Management cited strong demand fundamentals, growing pipelines, and continual capacity expansions as drivers of confidence.
VRT YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
VRT Revenue by Segment
With YoY comparisons, source: SEC Filings
VRT Revenue by Geography
With YoY comparisons, source: SEC Filings
“This quarter reflects the compounding effect of years of deliberate investment in technology, capacity, and customer partnerships. Demand for AI and general compute continues to intensify and with each technology advancement, deployments grow more complex and more infrastructure-intensive. Our understanding of how power and thermal infrastructure responds at scale allows us to move at the speed our customers require. Growth at this pace demands both vision and operational precision — and Vertiv delivers on each, with the innovation to lead and the execution to scale efficiently. Our pipelines continue to strengthen as the market expands globally, giving us confidence to raise guidance and conviction in sustained, strong performance — this year and beyond.”
— Giordano Albertazzi, Q2 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
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | $1.52 | — | $3.27B | — |
| Q1 26 BEAT | $1.01 | $1.17 | +15.68% | $2.65B | +0.02% |
| Q4 25 BEAT FY | $1.30 | $1.36 | +4.89% | $2.88B | -0.30% |
| 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 BEAT | $0.83 | $0.95 | +13.90% | $2.64B | +11.93% |
| Q1 25 BEAT | $0.62 | $0.64 | +3.93% | $2.04B | +5.11% |