Vertiv Holdings Co filed its Form 10-Q with the U.S. Securities and Exchange Commission on October 28, 2026, reporting financial results for the quarterly period ended September 30, 2026, and the nine months then ended.

Key Highlights

  • Quarterly net sales of $4,312.8 million compared with $2,675.8 million in the three months ended September 30, 2025, according to the filing.
  • Nine-month net sales reached $10,236.6 million versus $7,349.9 million for the same period a year earlier, the company disclosed.
  • Quarterly net income of $764.5 million was reported, up from $398.5 million in the prior-year quarter, with diluted earnings per share of $1.95.
  • Nine-month net income totaled $1,652.4 million, with diluted earnings per share of $4.21, compared with $887.2 million and $2.27 in the nine months ended September 30, 2025.
  • Cash and cash equivalents stood at $3,512.9 million as of September 30, 2026, up from $1,728.4 million at December 31, 2025.
  • Total assets grew to $18,174.5 million from $12,212.4 million at year-end 2025, reflecting increases in accounts receivable, inventories, and deferred revenue.
  • Operating cash flow for the nine months was $2,660.6 million, compared with $1,108.9 million in the prior-year period.

Vertiv's Q3 2026 Revenue and Earnings Growth Across Products and Services

Vertiv Holdings Co (NYSE:VRT), a Delaware-incorporated provider of critical infrastructure technologies headquartered in Westerville, Ohio, reported a significant increase in net sales for the three and nine months ended September 30, 2026. According to the filing, product net sales for the third quarter were $3,637.1 million, compared with $2,214.4 million a year earlier, while service net sales were $675.7 million versus $461.4 million. The company's revenue model spans both product sales and services, with services representing a recurring revenue component alongside hardware and solutions offerings.

The filing reported quarterly operating profit of $983.8 million, up from $516.7 million in the third quarter of 2025. Selling, general and administrative expenses rose to $556.9 million from $414.3 million, and amortization of intangibles was $65.3 million versus $48.2 million. Interest expense, net, declined to $6.4 million from $22.8 million in the prior-year quarter. The company also recorded other non-operating income of $17.4 million in the quarter, compared with none in the prior-year period. Income tax expense for the quarter was $230.3 million, resulting in net income of $764.5 million.

On the balance sheet, total equity increased to $5,502.0 million from $3,941.3 million at December 31, 2025, driven primarily by retained earnings rising to $2,608.5 million from $1,027.9 million. Inventories expanded to $3,288.4 million from $1,456.5 million, and deferred revenue climbed to $4,120.5 million from $1,814.7 million, both reflecting the scale of customer commitments. Capital expenditures for the nine months totaled $425.0 million, compared with $126.7 million in the prior-year period. The company also reported acquisition of businesses, net of cash acquired, of $278.1 million for the nine months ended September 30, 2026, with goodwill growing to $2,279.6 million from $2,033.7 million at year-end 2025.

What Was Disclosed

Vertiv Holdings Co's Form 10-Q for the quarter ended September 30, 2026 disclosed quarterly net sales of $4,312.8 million, net income of $764.5 million, diluted EPS of $1.95, total assets of $18,174.5 million, and operating cash flow of $2,660.6 million for the nine-month period, along with balance sheet and cash flow details.