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Get filing alertsVertiv reports Q2 sales up 24% to $3.3B, EPS +53%, raises full-year guidance
Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read
Key Changes
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high
Q2 net sales rose 24% YoY to $3,274M (18% organic, 5% acquisitions, 1% FX); diluted EPS jumped 53% to $1.27, adjusted EPS up 60% to $1.52 on strong execution and favorable pricing.
Exhibit 99.1 view on EDGAR → -
high
Adjusted operating margin expanded 410 bps to 22.6% in Q2, driven by productivity gains and favorable price-cost dynamics including tariff countermeasures; operating profit up 44%.
Exhibit 99.1 view on EDGAR → -
high
Operating cash flow surged 241% to $1,100M and adjusted free cash flow rose 234% to $925M; company achieved net cash position with $5.6B liquidity at quarter-end.
Exhibit 99.1 view on EDGAR → -
high
Raised full-year 2026 guidance: net sales $13.8B–$14.2B (+31% organic at midpoint), adjusted EPS $6.65–$6.75 (+60% at midpoint), adjusted free cash flow $2.4B–$2.6B.
Exhibit 99.1 view on EDGAR → -
high
Q3 2026 guidance: net sales $3.65B–$3.85B (+34%–36% organic), adjusted operating margin 24.0%–25.0%, adjusted EPS $1.77–$1.83 (+43%–48%).
Exhibit 99.1 view on EDGAR →
Summary
Vertiv delivered a strong Q2 2026, with net sales climbing 24% year-over-year to $3.3 billion and diluted EPS rising 53% to $1.27. The company's adjusted operating margin expanded 410 basis points to 22.6%, reflecting operational execution, productivity improvements, and favorable pricing relative to costs, including successful tariff countermeasures.
Cash generation accelerated sharply, with operating cash flow more than tripling to $1.1 billion and the company achieving a net cash position with $5.6 billion of liquidity by quarter-end. Management raised full-year 2026 guidance across all key metrics, now expecting net sales of $13.8 billion to $14.2 billion (31% organic growth at midpoint) and adjusted diluted EPS of $6.65 to $6.75 (60% growth at midpoint).
The upward revision reflects strong demand trends, growing pipelines, and ongoing capacity expansions. For Q3, the company projects 34% to 36% organic sales growth and adjusted EPS of $1.77 to $1.83, indicating sustained momentum. The combination of robust top-line growth, margin expansion, and strengthened balance sheet positions Vertiv well for continued execution.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Second quarter operating profit of $638 million increased $196 million and adjusted operating profit of $738 million increased $249 million, up 44% and 51%, respectively, from second quarter 2025. Adjusted operating margin was 22.6%, up 410 basis points compared to second quarter 2025, driven by operational execution, continued strong productivity, and favorable price-cost, inclusive of tariff impacts and associated countermeasures.
Operating profit grew 44% to $638 million and adjusted operating profit rose 44% to $738 million in Q2 2026. Adjusted operating margin expanded 410 basis points to 22.6%, reflecting operational execution, productivity improvements, and favorable pricing relative to costs, including tariff impacts and countermeasures.
Added in current filing · view on EDGAR → · paraphrased
Expects full year 2026 net sales of $14,000 million and organic sales growth of 31%, each at the midpoint of guidance, compared to full year 2025. ... Expects full year 2026 diluted EPS of $5.82 to $5.92 and adjusted diluted EPS of $6.65 to $6.75, a midpoint increase of 72% and 60%, respectively, compared to full year 2025. ... Full Year 2026 Guidance ... Net sales $13,800M - $14,200M ... Organic net sales growth 30% - 32% ... Adjusted operating profit $3,285M - $3,365M ... Adjusted operating margin 23.3% - 24.3% ... Adjusted diluted EPS $6.65 - $6.75 ... Adjusted diluted EPS growth 58% - 61% ... Adjusted free cash flow $2,400M - $2,600M
Vertiv raised full-year 2026 guidance across all key metrics. Net sales are expected at $13.8B to $14.2B (midpoint $14.0B, +31% organic growth). Adjusted diluted EPS guidance is $6.65 to $6.75 (midpoint up 1.5% vs. FY2025). Adjusted operating margin is projected at 23.3% to 24.3%, and adjusted free cash flow at $2.4B to $2.6B. The company cited strong demand, growing pipelines, and ongoing capacity expansions.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 30, 2026 · How we verify