Vertiv reported first quarter net sales of $2.65 billion, an increase of 30% year-over-year, driven by strong data center demand. The company reported diluted EPS of $0.99, slightly missing consensus estimates of $1.01, but raised its full-year guidance on both revenue and earnings.

Key Highlights

  • The Americas region was the primary growth driver, with organic sales expanding 44% year-over-year.
  • Adjusted operating margin reached 20.8%, an increase of 430 basis points from the first quarter of 2025, driven by higher volume and positive price-cost dynamics.
  • Full-year 2026 guidance was raised, with net sales now expected to be between $13.5 billion and $14.0 billion and adjusted diluted EPS between $6.30 and $6.40.
  • Adjusted free cash flow increased 147% to $653 million, driven by higher profit and working capital efficiency.