Vertiv Holdings, Llc · NYSE:VRT
Vertiv — Q3 2026 Earnings Presentation
22 slides from Vertiv's earnings presentation, Oct 28, 2026
Slide 1: Third Quarter 2026 Results
Third Quarter 2026 Results October 28, 2026
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This presentation, and other statements that Vertiv may make in connection therewith, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Vertiv’s future financial
Slide 3: Third quarter 2026 key messages
Third quarter 2026 key messages Third quarter net sales up ~61% vs third quarter 2025 driven by continued strength in the Americas (up 75%), APAC (up 50%) and EMEA showing strong sales growth (up 23%). Organic net sales up ~55%(1) vs prior year (~6% M&A). Third quarter adjusted operating margin of 2
Slide 4: Business dynamics
Business dynamics Market environment Manufacturing and supply chain • Remarkably strong pipeline momentum: pipeline continues • Sequential and year-over-year revenue growth reflects strategic growth across all regions, increasing visibility to 2027 and beyond capacity expansion, utilization improvem
Slide 5: Vertiv Targets Up to 30% More Cumulative AI Token Output in First 12 Months
Vertiv Targets Up to 30% More Cumulative AI Token Output in First 12 Months Using NVIDIA DSX, Polar Deploys Approach at Norway Site 1 DESIGN DEPLOY LIVE CONFIGURE & VALIDATE IN THE TWIN FROM THE FACTORY IN THE FIELD Up to 10x faster 2 Up to half the time 3 Polar Data Centers with pre-engineered refe
Slide 6: Third quarter 2026 financial results
Third quarter 2026 financial results $Millions; deltas to midpoint of guidance range Adj. Diluted EPS Net Net Sales Sales Adj. Operating Profit Adj. Operating Margin Adj. Free Cash Flow Up ~$0.97 Up ~$1,637M Up ~$491M Up ~290 bps Up ~$216M Up ~78% vs. prior year Up ~61% vs. prior year Up ~83% vs. pr
Slide 7: Third quarter 2026 financial results
Third quarter 2026 financial results $Millions Net sales Up 75% Up 50% Up 23% Americas Organic +66% Organic +48% Organic +19% 2 ,9 89 • Organic sales growth reflecting capacity expansion and disciplined backlog execution across entire portfolio 779 • Higher adjusted operating margin resulting from o
Slide 8: Fourth quarter 2026 financial guidance
Fourth quarter 2026 financial guidance $Millions; deltas to midpoint of guidance range Adj. Diluted EPS Net Sales Adj. Operating Profit Adj. Operating Margin Up ~$0.89 Up ~$1,533M Up ~$470M Up ~260 bps Up ~65% vs. prior year Up ~53% vs. prior year Up ~70% vs. prior year 25.8% $2.25 4,413 1,138 23.2%
Slide 9: Full year 2026 financial guidance
Full year 2026 financial guidance $Millions; deltas to midpoint of guidance range Adj. Diluted EPS Net Sales Adj. Operating Profit Adj. Operating Margin Adj. Free Cash Flow Up ~$2.95 Up ~$4,420M Up ~$1,425M Up ~360 bps Up ~$813M Up ~70% vs. prior year Up ~43% vs. prior year Up ~68% vs. prior year Up
Slide 10: Looking ahead to 2027
Looking ahead to 2027 Data center demand is accelerating with global, multi-year, GW-scale buildouts – global AI-driven compute requirements are compounding. We are monitoring pacing factors such as power, permitting, moratoriums and skilled labor. With a robust backlog and strong pipeline visibilit
Slide 11: Key takeaways
Key takeaways CUSTOMER SPOTLIGHT STRONG Q3 PERFORMANCE: Exceeded guidance on Net Sales • Adjusted diluted EPS • Vertiv enables BCEI and EdgeConneX Adjusted operating margin • Adjusted operating profit large campus deployments at speed with complete portfolio of solutions INVESTING FOR GROWTH: • Long
Slide 12: Non-GAAP financial reconciliations
Non-GAAP financial reconciliations © 2026 Vertiv. All Rights Reserved. 12
Slide 13: Non-GAAP financial measures – third quarter results
Non-GAAP financial measures – third quarter results Reconciliation of segment operating profit (loss) to operating profit (loss) and adjusted Reconciliation from operating profit (loss) margin to adjusted operating profit (loss) margin operating profit (loss) ($M | 3rd QUARTER) 3Q26 3Q25 ($M | 3rd
Slide 14: Non-GAAP financial measures – third quarter results (cont.)
Non-GAAP financial measures – third quarter results (cont.) Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) Interest Other non- Operating profit expense (income), operating expense Income tax ($M, except EPS | 3rd QUARTER 2026) (l
Slide 15: Non-GAAP financial measures – fourth quarter 2026 guidance
Non-GAAP financial measures – fourth quarter 2026 guidance Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) At midpoint of guidance range Interest Operating profit expense (income), Income tax expense ($M, except EPS | 4th QUARTER
Slide 16: Non-GAAP financial measures – FY 2026 guidance
Non-GAAP financial measures – FY 2026 guidance Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) At midpoint of guidance range Interest Loss on Operating expense (income), extinguishment of Other non-operating Income tax expense Net
Slide 17: Non-GAAP financial measures: Q1 2025 – Q3 2026 results
Non-GAAP financial measures: Q1 2025 – Q3 2026 results Net Sales(1) ($M) 1Q25 2Q25 3Q25 4Q25 FY25 1Q26 2Q26 3Q26 Americas $1,185.3 $1,602.3 $1,712.4 $1,886.3 $6,386.3 $1,814.4 $2,070.8 $2,988.8 Asia Pacific 447.2 560.2 519.8 492.0 2,019.2 513.7 719.9 779.3 EMEA 403.5 475.6 443.6 501.7 1,824.4 321.4
Slide 18: Non-GAAP financial measures: Q1 2025 – Q3 2026 results
Non-GAAP financial measures: Q1 2025 – Q3 2026 results Reconciliation from operating profit (loss) margin to adjusted operating profit (loss) margin ($M) 1Q25 2Q25 3Q25 4Q25 FY25 1Q26 2Q26 3Q26 Net sales $2,036.0 $2,638.1 $2,675.8 $2,880.0 $10,229.9 $2,649.5 $3,274.3 $4,312.8 Operating profit 290.7
Slide 19: Non-GAAP financial measures: Q1 2025 – Q3 2026 results
Non-GAAP financial measures: Q1 2025 – Q3 2026 results Reconciliation of segment operating profit (loss) to operating profit (loss) and adjusted operating profit (loss) ($M) 1Q25 2Q25 3Q25 4Q25 FY25 1Q26 2Q26 3Q26 Americas $259.7 $384.6 $501.8 $568.2 $1,714.3 $490.2 $571.4 $877.3 Asia Pacific 45.7 5
Slide 20: Non-GAAP financial measures – organic net sales growth reconciliation
Non-GAAP financial measures – organic net sales growth reconciliation Reconciliation of change in net sales to organic change in net sales Net Sales Δ FX Δ Acquisition Δ(1) Organic growth Organic Δ %(2) ($M | 3rd QUARTER 2026) Americas: $1,276.4 ($3.2) ($139.3) $1,133.9 66.2% Asia Pacific: 259.5 (8.
Slide 21: Guidance assumptions
Guidance assumptions $Millions unless otherwise specified Tax Assumptions Avg 1H26 2H26 2025 Avg Rate Assumption CNY / USD 7.15 6.84 6.69 USD / EUR 1.14 1.15 1.12 USD / GBP 1.33 1.33 1.33 INR / USD 87.69 93.86 94.85 1-mo SOFR 3.7% Our Adjusted ETR for 3Q26 was 23% in line with prior guidance. FX tra
Slide 22: Vertiv
09 VERTIV.