Earnings Call
Apr 22, 2026
Q1 FY2026
EPS Estimate
1.00
EPS Actual
1.17
Post-Earnings Close
$305.14
Earnings Reaction
-2.3%
Vertiv opened 2026 with one of its strongest quarters on record, delivering adjusted diluted EPS of $1.17, $0.19 above guidance and up 83% year-over-year, on net sales of $2.65 billion, representing 30% reported growth and 23% organic growth. Adjusted operating margin of 20.8% expanded 430 basis points year-over-year and came in 180 basis points above the company's own guidance, driven by operational leverage on higher volumes, productivity gains, and favorable price-cost execution. Adjusted free cash flow of $653 million surged 147% from the prior-year period, leaving net leverage at a remarkably lean 0.2x. The beat was broad and clean, with no obvious one-time tailwinds distorting the picture.
Report generated on Apr 22, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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