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Vertiv Holdings Co. (VRT) on Wednesday announced strong results for the third quarter (Q3) and raised the outlook for 2025, with a surge in orders and revenue reflecting strong demand for its critical digital infrastructure solutions.
The company cited momentum across global markets, driven especially by AI-related growth and customer investment in advanced data center capabilities.
Vertiv reported $2.68 billion in net sales for Q3, representing a 29% increase year-on-year (YoY). Organic orders climbed approximately 60% YoY. These gains pushed the company's backlog to $9.5 billion, supported by a strong book-to-bill ratio of 1.4x. Adjusted earnings per share (EPS) for the quarter were $1.24.
Both revenue and adjusted EPS exceeded the analysts’ consensus estimate of $2.58 billion and $0.99, respectively, according to Fiscal AI data.
Vertiv Holdings’ stock traded over 8% higher in Wednesday’s premarket. On Stocktwits, retail sentiment around the stock jumped to ‘extremely bullish’ from ‘neutral’ territory the previous day. Message volume improved to ‘high’ from ‘normal’ levels in 24 hours.
Vertiv raised its full-year guidance following the strong Q3 performance. Adjusted EPS is now expected to fall between $4.07 and $4.13, while net sales is forecast between $10.160 billion and $10.240 billion.
The company sees adjusted operating profit between $2.04 billion and $2.08 billion. It also raised its adjusted free cash flow projection to a midpoint of $1.5 billion, up from the previous estimate of $1.4 billion.
For the fourth quarter, Vertiv anticipates sales between $2.81 billion and $2.89 billion, along with an adjusted EPS in the range of $1.23 to $1.29. This is in comparison to the analysts’ consensus estimate of a revenue of $2.8 billion and an EPS of $1.24, according to Fiscal AI data.
Vertiv stock has gained over 55% in the last 12 months.
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