Vertiv raises 2026 outlook after Q3 sales jump 61% and top its own forecast

Vertiv's third-quarter net sales rose 61% from a year earlier to $4,313m, according to the results release it issued on PR Newswire at 5:55 AM ET (10:55 CET) on 28 October 2026. About 6 points of that growth came from acquisitions; organic growth (non-GAAP) was 55%. Sales cleared the top of the $3,650m to $3,850m range Vertiv forecast in July, and adjusted diluted EPS (non-GAAP) of $2.21 beat the top of its $1.77 to $1.83 guidance. The $2.21 is also above the $1.82 consensus from six estimates on Nasdaq.com, Polstob's comparison; the site lists $1.52 for the June quarter, matching Vertiv's adjusted figure. Investing.com cited a revenue consensus of $3.75bn.

Vertiv raised every figure in its full-year guidance table, from the ranges it set on 29 July. Organic sales growth (non-GAAP) is now put at 37% to 39%, up from 30% to 32%, adjusted operating profit (non-GAAP) at $3,475m to $3,555m, up from $3,285m to $3,365m, and adjusted free cash flow (non-GAAP) at $2,600m to $2,800m, up from $2,400m to $2,600m. For the fourth quarter, Vertiv guides to net sales of $4,313m to $4,513m and adjusted diluted EPS (non-GAAP) of $2.22 to $2.28.

Albertazzi also said organic orders more than doubled from a year earlier. Against the third quarter of 2025, GAAP diluted EPS rose 91% to $1.95 and operating profit 90% to $984m; the GAAP numbers include a $34.1m charge for a change in the fair value of contingent consideration. The adjusted operating margin (non-GAAP) widened by 290 basis points to 25.2%. Americas sales grew 75% (66% organic), Asia-Pacific 50% (48% organic) and EMEA 23% (19% organic). Over the first nine months of 2026, though, EMEA organic sales were down 3.3%. Adjusted free cash flow (non-GAAP) rose 50% to $652m, and inventories used $766.9m of cash in the quarter.

Vertiv shares were up 15.57% at $241.03 in pre-market trading as of 7:52 AM ET (12:52 CET) on 28 October, according to Nasdaq.com, after closing up 4.39% at $208.56 on 27 October. Investing.com linked the pre-market jump to the earnings beat and the higher full-year guidance. Pre-market prices were still moving.