Vertiv Shares Surge 24% After AI-Driven Earnings Beat
Vertiv Holdings Co shares rose 24.2% after reporting a 61% increase in net sales driven by high demand for AI liquid cooling systems.
Shares of Vertiv Holdings Co rose 24.2% to $242.94 following a third-quarter earnings report that exceeded Wall Street expectations. The company reported net sales of $4.31 billion, representing a 61% year-over-year increase, and adjusted earnings of $2.21 per share. This growth was fueled by a surge in organic orders of more than 100%, as AI computing clusters create high thermal loads that require specialized power systems and liquid cooling.
In response to the demand, Vertiv raised its full-year 2026 outlook, guiding net sales to $14.65 billion and adjusted earnings to $7.15 per share. The company also increased its organic revenue growth target for 2025–2030 to between 20% and 22% annually.
To expand its capabilities, Vertiv acquired microgrid specialist UtilityInnovation Group for up to $2.6 billion. Additionally, the company established technical collaborations with NVIDIA to develop validated reference designs for power architectures.
