Vertiv Raises 2026 Forecast After Orders More Than Double

Vertiv reported a 61% increase in third-quarter sales, more than doubled organic orders and raised its 2026 forecast, sending its shares sharply higher on October 28 as demand for data-center infrastructure strengthened. The company posted net sales of $4.31 billion for the quarter, up from a year earlier, and adjusted earnings of $2.21 per share, a 78% increase. Organic orders grew more than 100% year over year. Vertiv’s adjusted operating profit rose 83% to about $1.09 billion, while its adjusted operating margin expanded to 25.2%. Vertiv lifted its full-year 2026 net-sales guidance by $650 million at the midpoint, to a range of $14.45 billion to $14.85 billion. It forecast adjusted earnings of $7.10 to $7.20 per share and adjusted free cash flow of $2.6 billion to $2.8 billion. For the fourth quarter, the company projected sales of $4.31 billion to $4.51 billion, organic sales growth of 49% to 51%, and adjusted earnings of $2.22 to $2.28 per share. The share-price move varied during trading. Vertiv shares were reported up 12.68% to $235 in early trading on October 28; another account later recorded a 14.49% gain to $238.77. Those figures describe different points in the...