Vertiv Reports 29% Revenue Growth to $2.68 Billion in Q3
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12h ago
0mins
Source: NASDAQ.COM
- Significant Revenue Growth: Vertiv's revenue surged 29% year-over-year to $2.68 billion in Q3, reflecting strong demand and the company's ability to expand in the data center market.
- Strong Order Visibility: The company ended Q3 with a book-to-bill ratio of 1.4 and a 60% year-over-year increase in orders, alongside a $9.5 billion backlog that provides robust revenue visibility for the future.
- Market Expansion Strategy: Vertiv is building a new factory in Johor, Malaysia, expected to be fully operational by Q1 2026, which will shorten lead times for hyperscalers developing AI-ready infrastructure, enhancing its competitive edge.
- Acquisition Enhances Capabilities: The company's $1 billion acquisition of fluid management specialist PurgeRite strengthens its thermal management portfolio, ensuring performance and uptime for data center systems with high-density AI racks.
Analyst Views on VRT
Wall Street analysts forecast VRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VRT is 200.50 USD with a low forecast of 180.00 USD and a high forecast of 230.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 160.780
Low
180.00
Averages
200.50
High
230.00
Current: 160.780
Low
180.00
Averages
200.50
High
230.00
About VRT
Vertiv Holdings Co. is a global provider of critical digital infrastructure. It provides mission-critical digital infrastructure technologies and lifecycle services primarily for data centers, communication networks, and commercial and industrial environments. Its offerings include alternate current (AC) and direct current (DC) power management products, switchgear and busbar products, thermal management products, integrated rack systems, modular solutions, management systems for monitoring and controlling digital infrastructure, and services. Its business segments include Americas, Asia Pacific, and Europe, Middle East & Africa. The Americas segment includes products which include AC and DC power management, thermal management, low/medium voltage switchgear, busbar, integrated modular solutions, racks, single phase UPS, rack power distribution, rack thermal systems, configurable integrated solutions, energy storage solutions, hardware, and software for managing I.T. equipment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
