Vertiv Beats Q3, Lifts 2026 Sales Outlook to $14.85B
VRT sits 56% above its 52-week low of $147.82.
Summary
Vertiv beat on both lines for Q3: revenue of $4.31 bln against a $3.76 bln consensus and adjusted EPS of $2.21 versus $1.83 expected. Sales grew 61% year over year, with 55% organic and roughly 6% from acquisitions, and adjusted operating margin expanded 290 bps to 25.2% on manufacturing productivity and operating leverage. The bigger news is guidance: management raised full-year 2026 net sales to $14.45 bln-$14.85 bln and set Q4 revenue of $4.31 bln-$4.51 bln with adjusted diluted EPS of $2.22-$2.28. This follows the completed acquisitions of UtilityInnovation Group for about $1.45 bln and King Environmental Services, both closed in the past two days, which feed the inorganic piece of the growth. At 24x forward earnings versus 44x three months ago, the stock is cheaper into a raised outlook, and the $330 median price target sits well above the $208.56 close on October 27.
At the time of this announcement, VRT was trading at $230.90 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $80.3B. The 52-week trading range was $147.82 to $379.94. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.