Vertiv Holdings Co - Class A
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −3.31%.
Did VRT Beat Earnings? Q4 2025 Results
Vertiv closed out fiscal 2025 with a quarter that told two distinct stories: a modest earnings beat paired with record-breaking order momentum that lit up Wall Street. The data center infrastructure giant posted Q4 adjusted EPS of $1.36, ahead of the $1.30 consensus by 4.62%, while revenue of $2.88 billion came in essentially in line — a hair below estimates at -0.14% but still represented 22.7% growth year-over-year. The real headline, though, was the demand signal underneath the results: organic orders surged 252% year-over-year in Q4, the strongest order quarter in company history, pushing backlog to $15.00 billion — up 109% — with a staggering book-to-bill ratio of roughly 2.9x that reflects <a href="https://247wallst.com/investing/2026/02/15/3-cataylsts-behind-vertivs-20-weekly-jump-252-order-growth-fuels-2026-guidance-boom/">accelerating AI infrastructure demand</a>. The Americas led the way, with segment revenue climbing 50.2%. Management translated that pipeline confidence into bold 2026 guidance, targeting net sales of $13.25 billion to $13.75 billion and adjusted EPS of $5.97 to $6.07, representing growth of 42% to 45% versus 2025.
- Organic orders growth of 252% year-over-year driven by Americas and hyperscale/colocation data centers
- Organic sales growth of 19% in Q4 2025
- Americas region organic sales growth of 46.2%
- Adjusted operating margin expansion of 170 basis points to 23.2% driven by operational leverage, productivity and favorable price-cost
- Working capital efficiency including project-related advanced payments
- Trailing twelve-month organic orders grew approximately 81%
- Book-to-bill ratio of approximately 2.9x
“Our fourth quarter performance demonstrates Vertiv's leadership position in an increasingly complex and demanding data center market. Significant growth in orders, sales, margins and cash reflects our ability to scale while maintaining a sharp focus on operational execution. What differentiates Vertiv is our ability to anticipate and shape the industry direction. Deep collaborations with semiconductor industry leaders, combined with our decades-long industry expertise and technology-rich portfolio, enable us to optimize customer outcomes by anticipating needs before they become apparent. We architect systems that deliver superior outcomes today and position our customers well to meet tomorrow's challenges. As we look to 2026, we expect this momentum to continue. Our record backlog provides clear visibility into what we expect to be another year of significant growth.”
Vertiv CEO, on the earnings call
Forward Guidance & Outlook
Vertiv issued full-year 2026 guidance calling for net sales of $13,250M to $13,750M with organic sales growth of 27% to 29%. Adjusted operating profit is expected at $2,980M to $3,100M with adjusted operating margin of 22.0% to 23.0%. Full-year 2026 adjusted diluted EPS is guided at $5.97 to $6.07, representing growth of 42% to 45% versus 2025. Adjusted free cash flow is expected at $2,100M to $2,300M. For Q1 2026, the company expects net sales of $2,500M to $2,700M, adjusted operating profit of $475M to $515M, and adjusted diluted EPS of $0.95 to $1.01. The data center market continues to show robust momentum with strong pipeline growth. Vertiv is strategically increasing ER&D investments and expanding production capacity to capitalize on these opportunities.
VRT YoY Financials
VRT Revenue by Segment
VRT Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.