Vertiv forecasts 50% adjusted EPS growth for 2026, backed by a $15 billion backlog and strong AI infrastructure demand.
Vertiv Holdings (NYSE:VRT) updated its full-year adjusted EPS guidance to $6.30-$6.40, reflecting 50% to 52% growth, driven by a $15 billion backlog and surging AI-related orders. The company’s Q1 2026 adjusted EPS of $1.17 beat consensus by 15.68%, with net income up 137.14% year-over-year.
Organic orders in Q4 2025 rose 252% YoY, with a book-to-bill ratio of ~2.9x. Adjusted operating margins expanded 430 basis points to 20.8%. Free cash flow reached $652.8M in Q1, a 146.81% increase, with full-year guidance set at $2.10B-$2.30B.
Vertiv’s growth outpaces peers, with Eaton’s earnings down 9% and Generac’s revenue up just 12%. The stock, now at $290.36, trades below the $376.15 analyst target after an 8% pullback in the past month.