Vertiv raised its 2026 outlook on October 28 after reporting third-quarter sales of $4.313 billion, up 61% from a year earlier, according to its earnings release.
The power and cooling infrastructure supplier said organic sales increased 55%, with acquisitions contributing approximately six percentage points to reported growth. The results cover the quarter ended September 30.
Sales rose 75% in the Americas, 50% in Asia-Pacific and 23% in Europe, the Middle East and Africa. Chief Executive Giordano Albertazzi said organic orders more than doubled year over year.
Operating profit increased 90% to $984 million. Diluted earnings reached $1.95 per share, compared with adjusted earnings of $2.21. Adjusted figures are supplemental, non-GAAP measures.
Vertiv now projects full-year sales of $14.45 billion to $14.85 billion. The midpoint is $650 million above its previous forecast. It expects adjusted earnings of $7.10 to $7.20 per share.
The company attributed its higher outlook to demand visibility, capacity investment and execution. Those projections remain company expectations rather than assured results.
Sources: Vertiv earnings release, distributed by PR Newswire.