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Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.35B | +25.8% | $0.38 | -36.7% | 19.8% | 6.3% | $362M |
| FY2025 Q1 | $2.04B | +24.2% | $0.42 | +2792.3% | 14.2% | 8.1% | $265M |
| FY2025 Q2 | $2.64B | +35.1% | $0.83 | +80.4% | 17.2% | 12.3% | $277M |
| FY2025 Q3 | $2.68B | +29.0% | $1.02 | +121.7% | 19.3% | 14.9% | $462M |
| FY2025 Q4 | $2.88B | +22.7% | $1.14 | +200.0% | 20.9% | 15.5% | $884M |
| FY2026 Q1 | $2.65B | +30.1% | $0.99 | +135.7% | 16.6% | 14.7% | $653M |
| FY2026 Q2 | $3.27B | +24.1% | $1.27 | +53.0% | 19.5% | 15.2% | $925M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jeff Sprague | Vertical Research Partners | 11 (18%) |
| Scott Davis | Melius Research | 7 (0%) |
| Steve Tusa | JPMorgan |
| 7 (14%) |
| Nigel Coe | Wolfe Research | 7 (0%) |
| Amit Daryanani | Evercore ISI | 7 (14%) |
| Andy Kaplowitz | Citigroup | 7 (0%) |
| Andrew Obin | Bank of America | 7 (0%) |
| Mark Delaney | Goldman Sachs | 6 (0%) |
| Chris Snyder | Morgan Stanley | 6 (0%) |
| Amit Mehrotra | UBS | 6 (17%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Vertical Research Partners | 1 | 11 (18%) |
| JPMorgan | 2 | 9 (22%) |
| Evercore ISI | 1 | 7 (14%) |
| Wolfe Research | 1 | 7 (0%) |
| Citigroup | 1 | 7 (0%) |
| Melius Research | 1 | 7 (0%) |
| Bank of America | 1 | 7 (0%) |
| UBS | 1 | 6 (17%) |
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.
Demand | Cloud & AI | Competitive Dynamics | Innovation & R&D | Margin | Capex Investment | Trade Tariffs | Capital Allocation | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 1 | 2 | 1 | 1 | 1 | ||
| 2025Q1 | 4 | 4 | 1 | 1 | 5 | 2 | ||
| 2025Q2 | 4 | 6 | 2 | 4 | 4 | 1 | 1 | |
| 2025Q3 | 4 | 2 | 4 | 2 | 4 | 2 | 1 | |
| 2025Q4 | 7 | 2 | 4 | 4 | 1 | 4 | 1 | |
| 2026Q1 | 6 | 3 | 1 | 3 | 5 | 3 | 1 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 4 | 4 | 4 | 4 | 7 | 6 |
| Cloud & AI | 1 | 4 | 6 | 2 | 2 | 3 |
| Competitive Dynamics | 2 | 1 | 2 | 4 | 4 | 1 |
| Innovation & R&D | 1 | 4 | 2 | 4 | 3 | |
| Margin | 4 | 4 | 1 | 5 | ||
| Capex Investment | 1 | 2 | 4 | 3 | ||
| Trade Tariffs | 1 | 5 | 1 | 1 | 1 | |
| Capital Allocation | 1 | 2 | 1 | 1 | 3 |
What VRT and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We are excited about our collaboration with [ C Power Energy ].”
Vertiv is collaborating with C Power Energy to turn data centers' on-site energy assets into grid resources, accelerating speed to power.
“Remember the partnership we have with [ Caterpillar ], with Oklo.”
Vertiv cited its partnership with Oklo as part of its 'bring your own power' data center strategy, positioning Oklo's nuclear power in Vertiv's behind-the-meter ecosystem.
“Remember the partnership we have with [ Caterpillar ], with Oklo.”
Vertiv cited its partnership with Caterpillar as part of its 'bring your own power' data center strategy, indicating Caterpillar power gensets are integrated into Vertiv's behind-the-meter offering.
“designed to support the most demanding AI workloads with NVIDIA's latest generation”
Vertiv was selected to deliver the full data center solution for an EMEA AI project built on NVIDIA's latest-generation platform, a positive demand read-through for NVIDIA's newest chips in Europe.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
VRT Vertiv Holdings Co | 9 | +30.1% | |
| BE Bloom Energy Corporation | 10 | +130.4% | |
| HUBB Hubbell Incorporated | 8 | +11.1% |