Vertiv stock jumps 13% as orders double

Vertiv's quarter arrives as the company positions itself squarely in the middle of what its CEO Giordano Albertazzi calls "the largest infrastructure buildout," one he says is accelerating. The maker of power and cooling hardware for data centers and enterprise networks is benefiting from spending by the likes of Google and Microsoft, and it counts Alphabet, Microsoft, Nvidia, and Amazon among its customers, per S&P Global Market Intelligence. That customer roster ties Vertiv's fortunes directly to the capital spending plans of the largest cloud and chip companies.

The order doubling year over year is the detail that appears to have driven the stock move, since it suggests demand is not just strong but growing at a faster clip. The company paired that demand signal with strong third quarter results and a raised full-year outlook, lifting its 2026 net sales guidance to $14.45 billion to $14.85 billion from $13.8 billion to $14.2 billion. The raised profit outlook, with adjusted diluted earnings per share of $7.10-$7.20 for the year and growth of 69%-71%, puts the midpoint above the $6.73 per share Wall Street analysts had penciled in.

The third quarter itself came in well ahead of expectations, with net sales of $4.31 billion versus the $3.76 billion consensus and adjusted diluted earnings per share of $2.21, up 78% year over year and above the $1.82 estimate. Together, the results and the raised guidance suggest Vertiv sees the build-out continuing rather than plateauing, though how long that spending pace persists likely depends on the capex plans of its largest customers.