VRT
Hot start, hotter outlook
Vertiv didn’t just show up to earnings — it showed off. For Q1 2026, net sales hit $2.65 billion, up 30% from a year ago, while operating profit rose 51% and adjusted operating profit climbed 64%. That’s the kind of print that makes the market sit up a little straighter.
The margin machine kept humming
Adjusted operating margin came in at 20.8%, up 430 basis points from last year’s first quarter. In plain English: Vertiv isn’t just selling more stuff, it’s keeping more of each dollar it makes. And in hardware-heavy businesses, that’s not exactly a minor plot twist.
Cash is king, apparently
Operating cash flow surged to $767 million, and adjusted free cash flow jumped to $653 million. Those are big upgrades — 153% and 147%, respectively — which means the business is throwing off more real money, not just accounting confetti.
Why you should care
Management also raised full-year guidance, which is Wall Street’s favorite language after “beat and raise.” If Vertiv keeps pairing faster growth with fatter margins, the bull case gets a lot easier to tell. Big picture: this is the kind of quarter that can keep a stock in the market’s good graces even when the broader mood gets cranky.