Shares of Vertiv Holdings rose 6% in premarket trading Wednesday after the data-center infrastructure company posted strong third-quarter earnings and hiked its full-year guidance.
Adjusted earnings of $1.24 a share handily beat the 98 cents analysts were expecting, according to FactSet, while net sales rose 29% to $2.68 billion and surpassed the estimate of $2.58 billion.
The company raised its full-year guidance, citing its “strong backlog and pipelines.” Vertiv now expects adjusted earnings in the range of $4.07 to $4.13 a share, up from a prior range of $3.75 to $3.85. The company also boosted its outlook for adjusted operating profit and free cash flow.
Executive Chairman Dave Cote said the company had taken steps to build and leverage its “durable foundation” to unlock value in a “fast-growing, [artificial-intelligence]-driven market.”
Vertiv said the quarter’s higher sales were driven largely by growth in the Americas. Orders accelerated roughly 60% year over year and 20% sequentially.
CEO Giordana Albertazzi added that the company was intensifying restructuring efforts across Europe, the Middle East, and Africa in a bid to capitalize on “improving market conditions” expected in the second half of 2026.