Vertiv (NYSE: VRT) reported third-quarter 2026 net sales of $4.3 billion on its earnings call on October 28, 2026. Demand for artificial intelligence infrastructure is driving adoption of the company's power and thermal management systems. Organic orders more than doubled from a year earlier, said chief executive officer Giordano Albertazzi, though Vertiv does not disclose order figures. Factory-built modular infrastructure can cut data center deployment time by up to half, he said. It lets operators bring AI computing online and earn revenue sooner. Vertiv is expanding manufacturing capacity worldwide and pursuing targeted acquisitions while keeping its balance sheet disciplined. "We are delivering very strong results today, while investing aggressively for tomorrow," said executive chairman David Cote.

Vertiv, which sells power and cooling equipment for data centres, ended September with net cash of $355 million, against net debt of $1.27 billion a year earlier. It is the first quarter end since March 2020 in which its cash exceeded its debt. Cash and short-term investments rose to $3.71 billion from $1.94 billion, while debt edged up to $3.36 billion from $3.21 billion. Operations generated $3.67 billion of cash over twelve months, up from $1.53 billion. Third-quarter revenue grew 61.2% to $4.31 billion. On October 27, Vertiv completed a cash acquisition of UtilityInnovation Group for about $1.45 billion upfront, and could pay up to $1.15 billion more if earnings targets are met. The upfront price alone would leave net debt near $1.1 billion. The fourth-quarter report, expected in February 2027, will show where the balance sheet stands.

Vertiv guides Fourth Quarter 2026 Revenue to $4.41 billion, up 2 percent from Third Quarter 2026. October 31, 2026 Vertiv posted Q3 2026 net sales of $4,313 million, adjusted operating margin of 25.2%, and adjusted diluted EPS of $2.21, while forecasting Q4 sales of $4,413 million. Vertiv filed the release with the SEC on October 28, 2026. Revenue of $4.31 billion came in above the $3.65 billion to $3.85 billion the company had guided for Third Quarter 2026. The midpoint of the new outlook, $4.41 billion, is 2 percent above what it just reported. Guidance against results. | / | Guided for Third Quarter 2026 | Reported for Third Quarter 2026 | Guided for Fourth Quarter 2026 | | Revenue | $3.65 billion to $3.85 billion | $4.31 billion | $4.41 billion | | Gross margin (non-GAAP) | 24.0% to 25.0% | 25.2% | 25.3% to 26.3% | | Earnings per share (non-GAAP) | $1.77 to $1.83 | $2.21 | $2.22 to $2.28 | In the company's words. Vertiv reported third quarter net sales of $4,313 million, an increase of $1,637 million, or 61%, compared to third quarter 2025, reflecting 55% organic sales growth and approximately 6% contribution from acquisitions. Adjusted operating margin was 25.2%, up 290 basis points compared to third quarter 2025, driven by operational leverage on higher sales and by manufacturing productivity, partially offset by mix impacts and continued growth investments. The figures come from Vertiv's earnings releases: this quarter and the quarter before. Guidance figures are the company's own ranges as printed.