Vertiv sales surpass $2.6B as AI-driven data center demand hits record pace

Vertiv Holdings (NYSE:VRT), a global leader in critical digital infrastructure, delivered a powerful set of first-quarter results that exceeded market expectations, driven by the accelerating demand for high-density AI computing.

The company’s performance highlights the critical role of thermal and power management in the build-out of "AI factories" as hyperscalers and enterprises race to deploy next-generation GPU clusters.

For the quarter ended March 31, 2026, net sales rose 30% year-over-year to $2,650 million.

The bottom-line performance was even more robust, with operating profit climbing 51% to $440 million.

Efficiency gains were evident in the company’s adjusted operating margin, which expanded by 430 basis points to 20.8%, reflecting strong operating leverage and a favorable mix of high-margin liquid cooling and modular solutions.

Strategic financial maneuvers also defined the quarter.

Following its inaugural investment-grade credit ratings from Moody’s and S&P, Vertiv completed a $2.1 billion senior unsecured notes issuance and established a new $2.5 billion revolving credit facility.

This $4.6 billion package was used to retire existing secured debt and significantly lower interest costs, ending the quarter with a lean net leverage ratio of approximately 0.2x.

Buoyed by a record backlog and sustained order momentum, Vertiv raised its full-year 2026 guidance.

The company now expects organic sales growth of 29% to 31% and raised its adjusted diluted EPS target to a range of $6.30 to $6.40.

The company also reported a staggering 147% increase in adjusted free cash flow, which reached $653 million for the quarter, providing ample dry powder for further capacity expansion and market share gains.