Vertiv reported second quarter 2026 revenue of $3.27 billion, up 24% year-over-year, which slightly missed estimates. However, adjusted EPS surged 60% to $1.52, beating expectations, prompting the company to raise its full-year guidance across all key metrics.
Key Highlights
- Adjusted operating margin expanded by 410 basis points year-over-year to 22.6%, driven by strong operational execution and favorable price-cost dynamics.
- The company raised its full-year 2026 guidance, now expecting net sales of $14.0 billion (at midpoint) and adjusted EPS between $6.65 and $6.75, representing 60% growth at the midpoint.
- Adjusted free cash flow increased 234% from the prior year to $925 million, allowing the company to achieve a net cash position on its balance sheet.
- Strong demand in the Americas region led growth with sales increasing 29.2% to $2.07 billion.