nVent Electric reported second-quarter 2026 adjusted earnings of $1.45 per share, up 68.6% year over year and beating estimates by 25%. Revenues climbed 52.8% to $1.47 billion, exceeding consensus by 17%. The strong performance was driven by exceptional demand from AI data centres and infrastructure markets. Organic sales increased 47%, with new products contributing more than 30 percentage points to growth. Systems Protection generated sales of $1.07 billion, up 69.6% year over year with 62% organic growth. Electrical Connections posted sales of $399 million, up 20.5% with 18% organic growth. Backlog remained healthy at $2.5 billion. The company announced manufacturing expansion for liquid cooling and launched 14 new products during the quarter.

RBC Capital raises price target for nVent Electric (NYSE: NVT) amid strong growth and AI demand. August 3, 2026 | RBC Capital increased its price target for nVent Electric to $200.00, suggesting a potential 25.44% upside. nVent Electric reported record second-quarter sales of $1.47 billion, a 53% increas... | * Full name CK Hutchison Holdings Limited * Registration country Cayman Islands * Industry Holding Companies * М/S&P/F *** / *** / *** Try in 7-days Demo access. Free for company representative * Evaluate advanced analytical tools * Get full online access to the database * Try its powerful bond screener * Track bond prices from 400+ sources

nVent expands data center liquid cooling capacity. LONDON - nVent Electric plc (NYSE:NVT), a global leader in electrical connection and protection solutions, today announced the lease of additional manufacturing space at a second location in Blaine, Minnesota. The new 160,000 square-foot site will expand nVent's capacity to manufacture data center liquid cooling solutions, supporting the surging demand for liquid cooling technologies that enable artificial intelligence (AI) and high-performance computing. This marks nVent's third data center liquid cooling capacity expansion in three years, adding more than 400,000 square feet of new space overall. The new site is expected to begin production in the first half of 2027 and employ more than 200 people. "Expanding our data center capacity reflects the growing need for liquid cooling solutions and the strength of customer demand," said Sara Zawoyski, President, nVent Systems Protection. "With more than a decade of liquid cooling leadership, deep technical expertise, and a proven ability to manufacture at scale, nVent is well positioned to lead the AI-driven shift to liquid cooling and high-performance computing." nVent is a leader and innovator in liquid cooling with more than a decade of experience helping global cloud service providers and data center operators solve increasingly complex cooling challenges. The company has deployed more than two gigawatts of liquid cooling and collaborates closely with leading chip manufacturers and hyperscalers to develop solutions that are future-ready for the next generation of AI infrastructure.