Vertiv Holdings Co

Q2 FY26Electrical Equipment

Vertiv Holdings Co Q2 FY26 Results — Earnings Call Analysis

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹314

Market cap₹1.2L Cr

P/E81.4

Published29 May 2026

What the Q2 FY26 call signalled

4 of 4 strong

RevenueRank 1

MarginRank 1

CapexYes

Order bookYes

Not discussed on this call: fundraise.

The short version

- Vertiv expects strong sales growth in 2026, with net sales guidance at $13.75 billion (34% growth vs prior year). - Full-year 2026 adjusted diluted EPS guidance raised to $6.35, representing 51% growth versus 2025.

From Vertiv Holdings Co's Q2 FY26 earnings-call transcript · updated 29 May 2026.

Revenue & Sales Performance

Rank 1

Vertiv expects strong sales growth in 2026, with net sales guidance at $13.75 billion (34% growth vs prior year).
Organic growth rates projected at high 30% in Americas, mid-20% in APAC, and flat in EMEA for the full year.
Americas showed exceptional 44% organic growth in Q1, with APAC up 12%; EMEA down 29% organically but expected to recover in H2.
Pipeline momentum remains robust globally, supporting another year of strong orders and organic growth acceleration in H2 2026.
Capacity expansions, especially hitting in the second half, are key levers for expected growth acceleration.
Strategic acquisitions and enhanced capabilities (e.g., thermal management, infrastructure solutions) further position the company for growth.
EMEA growth expected to re-accelerate in the back half of 2026, supported by strong order pipeline and customer demand.
Overall guidance highlights confidence in sustained demand, broad-based growth, and operational execution.

Profitability & Margins

Full-year 2026 adjusted diluted EPS guidance raised to $6.35, representing 51% growth versus 2025.
Adjusted operating profit guidance increased to $3.2 billion, up 53% from 2025, with a $160 million raise from prior guide.
Adjusted operating margin expected at 23.3% midpoint, expanding by 290 basis points from 2025.
Q2 2026 adjusted diluted EPS projected at $1.40 midpoint, 47% higher than Q2 2025.
Q2 adjusted operating profit guidance at $710 million midpoint, representing 45% growth year-over-year.
Strong operating leverage and robust organic sales growth underpin profit growth.
Incremental margin guidance between 30%-35% year-over-year, with a slight sequential headwind in Q2 due to capacity expansion.
Raised confidence in upbeat trajectory driven by capacity additions, market demand, and operational discipline.

See what Vertiv Holdings Co said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

Vertiv is significantly investing in capacity expansion across manufacturing and services globally, with a strong focus on the Americas.
CapEx in Q1 is sustainably higher than the same quarter last year, emphasizing growth commitment.
Capacity expansion includes power management, thermal management, infrastructure solutions, and IT systems across all technologies.
Investments also target bolstering operational resiliency and supply chain strength.
Strategic capital deployment priorities include R&D and capacity investments.
M&A remains a key capital deployment area, focusing on technology acquisitions with an active, well-structured M&A pipeline.
Investment in engineering capabilities, including engineering labs and customer witness test capacities, to enhance technology portfolio and growth.
Multi-sourcing strategies and supplier diversification continue to mitigate supplier risk and inflationary pressures.
Continued focus on supply chain resilience and navigating tariff environments through proactive cost management.

Fundraising & Capital Structure

No specific new fundraising plans through debt or equity were disclosed.
The company emphasized having a very strong balance sheet with net leverage at 0.2x, indicating low leverage and significant financial flexibility.
Capital deployment priorities focus on R&D, capacity expansion, M&A, stock buyback, and dividends.
M&A remains an active area with a dynamic pipeline, and the company prefers to keep "dry powder" available for acquisitions.
No mention of planned new debt or equity issuance; the posture suggests prudent use of capital without immediate fundraising needs.

See what Vertiv Holdings Co said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Yes

The pipeline is strong and dynamic, showing broad-based growth across technologies and regions (Page 10).
The backlog is slightly more elongated than before, giving better visibility into 2027, with many projects having 12 to 18-month delivery windows (Page 10).
Orders in Q4 2025 and Q1 2026 were strong, contributing to a healthy backlog (Pages 6, 8).
Growth in orders is expected to accelerate in the second half of 2026, especially in EMEA and APAC, supported by added capacity (Page 6).
Customer advance payments and deferred income bookings are a component of backlog growth, but cash from these can come from orders in differing quarters (Page 12).
The company maintains prudence in forecasting order book and down payments to manage working capital effectively (Page 12).

How does Vertiv Holdings Co rank vs peers in Electrical Equipment?

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Frequently Asked Questions

What were Vertiv Holdings Co Q2 FY26 results?

What is Vertiv Holdings Co share price analysis?

Vertiv Holdings Co currently shows a strong growth signal based on ranking data. The stock trades at a P/E of 81.4 with a market cap of $120,679. Investors should review the full earnings analysis for detailed insights.

Is Vertiv Holdings Co planning capital expenditure?

- Vertiv is significantly investing in capacity expansion across manufacturing and services globally, with a strong focus on the Americas.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.