Vertiv's sales grow 61 percent and it lifts its 2026 sales outlook

What happened

Vertiv reported on Wednesday 28 October that its third-quarter net sales were $4,313 million, 61 percent more than a year earlier, and raised its 2026 outlook. ^[1]

Organic growth, which leaves out acquisitions and currency, was 55 percent, and acquisitions added about 6 percent, the company said. Operating profit was $983.8 million, against $516.7 million a year earlier, and net income was $764.5 million, against $398.5 million. The quarterly report on Form 10-Q, filed the same day, carries the same net sales. ^{[1, 2]}

Why it matters

Vertiv makes power and cooling equipment for data centres, and its 10-Q says 'the continued adoption of AI and high-performance computing is driving increased demand for data center infrastructure.' Every region grew: the Americas by 75 percent to $2,988.8 million, Asia Pacific by 50 percent and Europe, the Middle East and Africa by 23 percent, the company reported. Deferred revenue on the balance sheet was $4,120.5 million on 30 September, against $1,814.7 million on 31 December 2025. ^{[1, 2]}

Orders, without a count

The release gives no orders figure, no backlog and no book-to-bill ratio, the orders booked over the sales shipped. On the call, chief executive Giordano Albertazzi said Vertiv does not disclose orders but that third-quarter organic orders were more than 100 percent higher than a year earlier. Executive chairman Dave Cote said Vertiv is 'not planning to share orders data going forward.' ^{[1, 4]}

The last stated figures came on Wednesday 11 February: a book-to-bill of about 2.9 for the fourth quarter of 2025 and a backlog of $15.0 billion. Data Center Frontier reported then that Vertiv would stop reporting quarterly orders and backlog, citing volatility, and keep annual disclosures in its filings. ^{[5, 6]}

Albertazzi said the pipeline in the Americas grew quarter to quarter 'the fastest we have seen ever' and that the pipeline in Europe, the Middle East and Africa 'has approximately doubled year on year.' He named 'power availability, permitting, general sentiment, and construction site skilled labor availability' as pacing items, 'but not slowing down growth.' ^[4]

The raised outlook

Vertiv now expects 2026 net sales of $14,450 million to $14,850 million and organic growth of 37 to 39 percent, the company said. On Wednesday 29 July it had guided to $13,800 million to $14,200 million and 30 to 32 percent; on Wednesday 11 February the range was $13,250 million to $13,750 million. For the fourth quarter it expects $4,313 million to $4,513 million. ^{[1, 3, 5, 8]}

After the quarter, Vertiv said on Tuesday 27 October it had completed its purchase of UtilityInnovation Group, a maker of microgrid controls and power systems, for about $1.45 billion in cash. Up to $1.15 billion more depends on earnings targets over 12 and 24 months, the company said. ^{[7, 2]}

What settles it next

The next records are the fourth-quarter results and the 2026 annual report on Form 10-K, where Data Center Frontier reported annual backlog disclosures continue. For 2027, Albertazzi said, 'we expect continued significant above market organic sales growth.' ^{[6, 4]}

Who it reaches

Vertiv (VRT) is direct: the results, the 10-Q and the raised outlook are its own, filed on Wednesday 28 October. ^{[1, 2]}