Key Takeaways for Vertiv Holdings Co Stock as of July 2026
- Mixed Quarter, Wide Beats: Q2 revenue of $3.274B missed Street’s $3.383B estimate by (3.22%), even as EBITDA ($780.5M vs. $756.7M), EBIT ($738.4M vs. $722.7M) and adjusted EPS ($1.52 vs. $1.43) beat by 3.15%, 2.17% and 6.42%.
- Guidance Raised: Full-year adjusted EPS guidance climbed to $6.70, up 60% YoY.
- Cash Flow Surge: Adjusted free cash flow hit $925M in Q2, up 234% YoY, pushing free cash flow conversion above 150% and net leverage to negative 0.1x.
- Timing Not Demand: CEO Gio Albertazzi called the Q2 revenue gap a matter of “timing elements” tied to complex multiphase project execution, not a change in customer demand.
VRT stock missed on revenue but beat on every profit line and still raised full-year guidance. See the model behind that gap on TIKR for free →
Vertiv’s Q2 Revenue Miss Masks a Guidance Raise Across the Board
Vertiv Holdings Co (VRT) posted Q2 2026 revenue of $3.274 billion, up 24% from $2.638 billion in the same period last year but $109 million light of the $3.383 billion Street estimate, a 3.22% miss driven by multiphase project execution and temporary supply chain dynamics rather than weaker demand.
Every profitability line told a different story. Adjusted EBITDA of $780.5 million beat the $756.7 million estimate by 3.15%, adjusted EBIT of $738.4 million beat by 2.17% and climbed 51% year over year, and adjusted diluted EPS of $1.52 topped the $1.43 estimate by 6.42% while rising 60% from a year ago. Adjusted operating margin expanded 410 basis points year over year to 22.6%, a print that came in 140 basis points above guidance even as the revenue line missed.
Management framed the gap between the softer top line and the stronger profit print as exactly that, a matter of timing. CEO Gio Albertazzi opened the Q2 earnings call with a direct read on the quarter: “A strong quarter, EPS, margin, profit and cash convincingly strong, continuing on a trajectory of strong sales growth even with some timing elements. Pleased with what we see in July and full confidence in H2 execution and backlog. As a result, we have raised our full year outlook.” He pointed to multiphase execution and supply chain congestion inside large deployments like SmartRun and OneCore as the source of the delay, and said the affected revenue is expected to land in the second half rather than disappear.
Cash generation backed that framing up. Adjusted free cash flow hit $925 million, up 234% year over year, with conversion exceeding 150% of adjusted operating profit, and net leverage flipped to negative 0.1 times as Vertiv closed the quarter in a net cash position.
Management used that strength to raise full-year 2026 guidance across every metric. Net sales guidance climbed to $14 billion at the midpoint, a $250 million increase implying 37% growth. Adjusted diluted EPS guidance rose to $6.70, up $0.35 from the prior outlook and 60% above 2025. Adjusted operating profit guidance moved to $3.325 billion, up $125 million from the prior guide, and adjusted free cash flow guidance held at $2.5 billion. Third-quarter guidance calls for $3.75 billion in revenue, up 40% year over year, and $1.80 in adjusted EPS, up 45%, figures that assume the delayed Q2 revenue converts in the second half rather than vanishing.
Vertiv’s Q2 margins expanded 410 basis points even as revenue missed. Dig into the segment-level numbers behind that on TIKR for free →
TIKR Values VRT Stock at $528, Pricing In a Strong H2 Backlog Conversion
TIKR’s mid-case model values Vertiv Holdings Co at $528 by December 2030, implying 132% total return from the current price of $228, or 21% annualized over 4.4 years.
A 21% annualized return puts VRT stock well above what investors typically demand from an industrial supplier, reflecting the model’s confidence that Vertiv’s growth trajectory holds through the back half of the decade.
That target is reachable because the quarter’s real driver was margin and cash conversion, not the top line. EBIT margin expanded 400 basis points year over year to 22.6% and adjusted free cash flow more than tripled to $925 million, funding the capacity expansion behind Vertiv’s raised guide, and with backlog already covering the second-half acceleration management has guided to, the model treats the Q2 revenue timing shift as noise rather than a change in underlying earnings power.
TIKR’s model points to $528 for VRT stock, a 132% return by 2030. Explore the full assumptions on TIKR for free →
Should You Invest in Vertiv Holdings Co?
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Pull up Vertiv Holdings Co stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
