Vertiv Holdings (VRT) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Vertiv published the results on October 28, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Vertiv reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted diluted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• About 6 points of Vertiv's 61% sales growth came from acquisitions, including PurgeRite, a data center flushing and filtration services business bought in December 2025. Organic net sales grew 55%.
• Vertiv's adjusted EPS excludes amortization of intangibles and contingent consideration tied to acquisitions. Contingent consideration was a $34.1 million charge in Q3 2026.

Source: Vertiv Q3 2026 results, October 28, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Vertiv splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Vertiv's Americas revenue was $3.0 billion in Q3 2026, up 75% from $1.7 billion in Q3 2025, 69% of total revenue.
• Vertiv's Asia Pacific revenue was $779 million in Q3 2026, up 50% from $520 million in Q3 2025, 18% of total revenue.
• Vertiv's Europe, Middle East & Africa revenue was $545 million in Q3 2026, up 23% from $444 million in Q3 2025, 13% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Vertiv said:

“Expects fourth quarter 2026 net sales of $4,413 million and organic sales growth of 50%, each at the midpoint of guidance, compared to fourth quarter 2025.”

“Expects fourth quarter 2026 diluted EPS of $2.08 and adjusted diluted EPS of $2.25, each at the midpoint of guidance, an increase of 82% and 65%, respectively, compared to fourth quarter 2025.”

“Expects full year 2026 net sales of $14,650 million and organic sales growth of 38%, each at the midpoint of guidance, compared to full year 2025.”

“Expects full year 2026 diluted EPS of $6.29 and adjusted diluted EPS of $7.15, each at the midpoint of guidance, an increase of 84% and 70%, respectively, compared to full year 2025.”

Source: Vertiv Q3 2026 release, Oct 28, 2026.

This is the company's own guidance as of Oct 28, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the VRT forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Vertiv's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 28, 2026

Vertiv reports three regional segments. In Q3 2026 the Americas brought in $2,988.8 million of $4,312.8 million in net sales, Asia Pacific $779.3 million and Europe, Middle East & Africa $544.7 million. Net sales rose 61.2% from $2,675.8 million, made up of 55.0% organic growth and about 6% from acquisitions. (Vertiv Q3 2026 release, Oct 28, 2026)

Vertiv sells power and cooling equipment and services, mainly for data centers: AC and DC power management, switchgear and busbar, air and liquid cooled thermal management, integrated modular solutions, racks, UPS and monitoring software. Products were $3,593.8 million of quarterly sales, up 65.8%, and services and spares $719.0 million, up 41.5%. Organic services and spares growth was 18.1%, with most of the reported services gain coming from acquisitions. (Vertiv Q3 2026 release, Oct 28, 2026; Vertiv Form 10-Q, Q3 2026, Oct 28, 2026)

The Americas grew 74.5%, or 66.2% organically, which Vertiv's 10-Q attributes to higher sales volume from capacity expansion and large project execution. Asia Pacific grew 49.9% (48.3% organic) and EMEA 22.8% (19.3% organic), the latter on strengthening market demand and pipeline conversion. (Vertiv Q3 2026 release, Oct 28, 2026; Vertiv Form 10-Q, Q3 2026, Oct 28, 2026)

Vertiv said organic orders grew more than 100% from a year earlier. Its 10-K put the order backlog at $15.0 billion at the end of 2025, against $7.2 billion a year before, and deferred revenue on the balance sheet rose to $4,120.5 million at September 30, 2026 from $1,814.7 million at December 31, 2025. (Vertiv Q3 2026 release, Oct 28, 2026; Vertiv Form 10-K, 2025, Feb 13, 2026)

Vertiv's GAAP diluted EPS rose 91% to $1.95 and adjusted diluted EPS rose 78% to $2.21 in Q3 2026. The $0.26 gap is amortization of intangibles ($0.16), contingent consideration associated with acquisitions ($0.09) and merger and acquisition costs ($0.01). A year earlier the adjustments were amortization, $30.7 million of restructuring costs and term loan amendment expense. (Vertiv Q3 2026 release, Oct 28, 2026)

Operating profit rose to $983.8 million from $516.7 million, and adjusted operating margin widened 290 basis points to 25.2%, which Vertiv attributed to operational leverage on higher sales and manufacturing productivity, partly offset by mix and growth investments. Net interest expense fell to $6.4 million from $22.8 million. The effective tax rate was 23.2% against 19.0%. (Vertiv Q3 2026 release, Oct 28, 2026; Vertiv Form 10-Q, Q3 2026, Oct 28, 2026)

Vertiv's share count barely moved: diluted weighted average shares were 392,682,064 against 390,928,669 a year earlier. Vertiv did not report share repurchases in the quarter; it paid $24.0 million in dividends. (Vertiv Q3 2026 release, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Vertiv publishes guidance in its release and raised it for full year 2026. At the midpoint it expects Q4 2026 net sales of $4,413 million (range $4,313 million to $4,513 million), organic growth of 49% to 51%, GAAP diluted EPS of $2.08 and adjusted diluted EPS of $2.25 (range $2.22 to $2.28). (Vertiv Q3 2026 release, Oct 28, 2026)

For full year 2026 Vertiv guides net sales of $14,450 million to $14,850 million, organic growth of 37% to 39%, adjusted operating margin of 23.5% to 24.5%, adjusted diluted EPS of $7.10 to $7.20 and adjusted free cash flow of $2,600 million to $2,800 million. It raised full-year net sales guidance by $650 million and still expects capital expenditures of about 4.0% of revenue. (Vertiv Q3 2026 release, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover Vertiv, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Vertiv's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning VRT is on is VRT a buy or a sell?, what analysts expect next is on the VRT forecast, and what the company does is on the Vertiv Holdings (VRT) stock page.

Every number on this page can be traced to a document Vertiv published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.