Vertiv raises 2026 outlook as data-center equipment orders more than double

On October 28, Vertiv, a supplier of power and cooling equipment for data centers, reported third-quarter 2026 net sales of $4,313 million, up 61% from a year earlier. It also raised its full-year 2026 outlook across all key metrics.^[1][2]

Organic orders more than doubled from a year earlier; this measure strips out acquisitions and exchange-rate changes to compare underlying business growth. Adjusted earnings per share were $2.21, above the analyst consensus of $1.82.^[1][3]

As data centers add AI computing equipment, they also need power systems to keep it running and cooling systems to remove the heat. Vertiv sells both, so customers' construction spending feeds directly into equipment demand. Orders growing faster than sales provide a stronger signal of future revenue, with actual revenue still depending on deliveries going ahead as planned.^[4][1]

The growth is already reaching profit: third-quarter operating profit rose 90% from a year earlier, faster than the 61% sales increase, showing that Vertiv increased its operating margin as it expanded sales. That strengthens the earnings case for data-center equipment suppliers, although other vendors' gains still depend on winning orders, controlling costs and delivering equipment.^[1]

Impact