First-quarter revenue rose 30% to $2.65bn and adjusted earnings jumped 83%, as demand for AI data-centre power, cooling and rack systems strengthened.
The company now expects 2026 adjusted EPS of $6.35, up from a prior midpoint of $6.02, and revenue of $13.75bn, implying 34% annual growth.
Vertiv, an Nvidia partner, has surged about 270% over the past year as AI data centres boost spending on electricity, thermal management and faster deployment infrastructure.
With Vertiv's stock soaring, could a breakthrough in energy-efficient chips suddenly cool this red-hot market?
The AI revolution requires massive power. Is our aging electrical grid the single biggest threat to its future growth?
As data centers consume more power than cities, who will win the coming battle for electricity and water?