Fiscal year ends DecLast earnings: Apr 22, 2026Est. next earnings: Jul 22, 2026
Latest Score
9.0/ 10
±0.0vs prior
4-Period Change
±0.0
vs Q1 '25
Challenge RatePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
6%
All quarters
9.0out of 10Positive
Sentiment · FY2026 Q1
Q4 '24Q1 '26
Top Analysts & Firms
Most Active Analysts
Analyst
Firm
Questions
ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Base8Base 8GAAP revenue YoY +30.1% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion. Organic growth 23% and reported growth 30% both land in the same >=15% band (base 8). M&A contributed 4% and FX 3%, neither shifts the band.+EPS+1EPS +1GAAP EPS YoY 135.71% vs revenue YoY 30.13%, spread +105.58 percentage points -> +1. Operating income cross-check: operating income YoY 52.02%, operating income spread +21.89 percentage points — both outside +5 percentage points in same direction, confirms +1. Override flag tracks cross-check performed.+Guidance+2Guidance +2Full-year adjusted diluted EPS guidance raised from $6.02 midpoint to $6.35 midpoint (+$0.33). Pct change: ($6.35 - $6.02) / $6.02 = +5.48% -> raise >=3% -> +2. AOP also raised from $3.04B to $3.2B (+5.26%).=Final9Hard cap9Hard cap 9Calculated total was 11; capped at 9. See the Hard caps section on the About page for the full rules.
How this score was built
Base8Base 8GAAP revenue YoY +30.1% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion. Organic growth 23% and reported growth 30% both land in the same >=15% band (base 8). M&A contributed 4% and FX 3%, neither shifts the band.+
Macro Signals
→Trade & Tariffs↑CAPEX↑AI & Tech
Vertiv delivered Q1 net sales of $2.65B, up 30% (23% organic), with adjusted EPS of $1.17, up 83% year-over-year and $0.19 above guidance, driven by the Americas data center infrastructure build-out. Full-year adjusted EPS guidance was raised by $0.33 to a $6.35 midpoint representing 51% growth, and AOP was raised from $3.04B to $3.2B. Adjusted free cash flow reached $653M in the quarter, and strategic capacity expansion investments advanced. EMEA organic revenue declined as tariff headwinds and price-cost management remained ongoing dynamics.
Key Themes7
positive📊 company
Americas Data Center Revenue Surge
Americas delivered 44% organic growth and 53% reported growth, driven by broad-based momentum across nearly all product lines with net sales of $1.81 billion.
Revenue GrowthDemand
positive📊 company
Adjusted Operating Margin Expansion
Adjusted operating margin expanded 430 basis points year-over-year to 20.8%, driven by operational leverage on higher volumes, productivity gains, and favorable price cost execution.
EPS +1GAAP EPS YoY 135.71% vs revenue YoY 30.13%, spread +105.58 percentage points -> +1. Operating income cross-check: operating income YoY 52.02%, operating income spread +21.89 percentage points — both outside +5 percentage points in same direction, confirms +1. Override flag tracks cross-check performed.
+
Guidance+2Guidance +2Full-year adjusted diluted EPS guidance raised from $6.02 midpoint to $6.35 midpoint (+$0.33). Pct change: ($6.35 - $6.02) / $6.02 = +5.48% -> raise >=3% -> +2. AOP also raised from $3.04B to $3.2B (+5.26%).
=
Final9
Hard cap9Hard cap 9Calculated total was 11; capped at 9. See the Hard caps section on the About page for the full rules.
Adjusted diluted EPS guidance raised by $0.33 to a midpoint of $6.35, up 51% from 2025, with adjusted operating profit raised to $3.2 billion, $160 million higher than prior guidance.
Guidance ReliabilityRevenue Growth
negative📊 company
EMEA Organic Revenue Decline
EMEA net sales were $321 million, down 29% organically, reflecting softer orders from Q2 and Q3 of 2025, with margins stepping down due to operating deleverage.
DemandGeographic Expansion
positive🏢 sector
AI Data Center Infrastructure Build-Out
Management characterizes the AI infrastructure build-out as still in its early stage, with customer urgency increasing, deployment scale growing larger, and technical complexity creating opportunities.
Cloud & AICapex Investment
positive📊 company
Strategic Capacity Expansion Investments
CAPEX sustainably higher year-over-year in Q1, with significant investments in manufacturing capacity expansion across multiple sites globally, particularly across the Americas.
Capex InvestmentSupply Chain
mixed🌍 macro
Tariff Headwinds And Price-Cost Management
Tariff headwinds from Section 122 and 232 are being actively mitigated through countermeasures, with the company expecting to be price/cost positive for the year inclusive of tariff impact.
What technology avenues does it open to Vertiv? And I'm sort of thinking controls, best controls, sort of UPS transition as part of direct current architecture
I wanted to ask about the transition to 800-volt architecture. There's a lot of moving parts, but just wondering what does this mean for Vertiv content?
labor-related services. We don't think about operating leverage, right? It's man hours or people hours, but there's kind of other more sophisticated services
can you talk a little bit about how it's shifting the conversations? Who you're having conversations? With who's making the decisions among your customers
The tariffs, I think you said to materially offset it, you thought that would be at the end of first quarter. Is that kind of slipped out to second quarter