Vertiv Stock Soars 13% After Orders More Than Double And Every 2026 Target Rises
The data-center equipment maker's shares climbed 13.47% in Wednesday trading after third-quarter sales jumped 61%.
Vertiv, which makes the power and cooling equipment that keeps data centers running, saw its shares climb 13.47% to $236.66 in Wednesday trading, as of 9:46 a.m. ET, after third-quarter sales rose 61% and organic orders more than doubled. The company also raised its full-year outlook on the day it reported results.
Orders double, outlook rises
Adjusted earnings came to $2.21 a share on revenue of $4.31 billion, according to the company's results. Organic orders rose more than 100%.
Vertiv's new 2026 revenue range is $14.45 billion to $14.85 billion, replacing a prior range of $13.8 billion to $14.2 billion. Its adjusted operating margin for the quarter was 25.2%, the company said in its filing.
The move added about $11 billion in market value, and the stock was on pace for its biggest one-day gain since Feb. 11, when it rose 24.5%. It was also on pace for a third straight daily gain.
A rebound from a slump
Vertiv sells AC and DC power management, thermal management, switchgear, racks, uninterruptible power supplies and software, plus maintenance and spare parts. Its main customers are cloud, colocation and enterprise data center operators, along with communication network and industrial users.
The shares were up about 29% year to date at Tuesday's close, ahead of the S&P 500's gain of about 13%. Before this session, though, the stock had fallen 18% over the previous month and sat 45% below its highest close of the past year, set on May 14.
In the prior quarter, Vertiv reported revenue of $3.3 billion, up 24.1% from a year earlier.
Vertiv's market value stood at $91.1 billion in Wednesday morning trading after the jump.
Sources
- Vertiv stock surges as orders double amid AI build-out: 'Evolving faster than ever' — Yahoo Finance
- Nvidia Partner Vertiv Soars After AI Data Center Play's Blowout Earnings, Strong Guidance | Investor's Business Daily — investors.com
- Vertiv Stock Jumps 14% as Earnings Show Another Way to Play the AI Boom — Barron's
- Vertiv CEO Says ‘Largest Infrastructure Buildout’ Is Accelerating As Q3 Earnings Beat Estimates, Outlook Raised — Yahoo Finance
- Vertiv Holdings Co. (VRT) Q3 Earnings and Revenues Surpass Estimates — Yahoo Finance
- The company's filing (Vertiv Holdings) — SEC filing
- Vertiv Holdings — Form 10-Q for the quarter ended 2026-06-30 (quarterly results) — SEC EDGAR
