Vertiv Holdings Co (VRT) Q2 FY2026 Financial Statements: Net sales $3.27B, Net income $497.80M
More for Vertiv: Company index · 10-K and 10-Q summary · 8-K filings and events
PeriodQ2 FY2026
Published
Vertiv, which makes power and cooling equipment for data centers, reported net sales of $3.27 billion for Q2 FY2026, the quarter ended June 30, 2026, up 24.1% from a year earlier, with part of the gain coming from businesses it acquired. Operating profit was $637.9 million, up 44.2%, and net income was $497.8 million, up 53.5%, or $1.27 per diluted share against $0.83 a year earlier. Net income grew faster than operating profit partly because Vertiv's effective tax rate was lower than a year before.
| Metric | Amount | vs. year ago |
|---|---|---|
| Net sales | $3,274,300,000 | up 24.1% |
| Net income | $497,800,000 | up 53.5% |
| Diluted EPS | $1.27 | up 53.0% |
| Operating profit | $637,900,000 | up 44.2% |
Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.
About this file
| Ticker | VRT |
|---|---|
| CIK | 0001674101 |
| Company | Vertiv Holdings Co |
| Business type | industrial |
| Schema template | standard industrial/technology manufacturer (net sales split into products and services, cost of sales, gross profit, operating profit, net income, per-share amounts; cash, short-term investments, debt, assets, liabilities, equity; operating cash flow, capital expenditures, free cash flow) |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions); share counts in actual shares; per-share amounts in actual dollars per share |
VRT annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 10-K | 10-K | 10-K |
| Income statement | |||
| Net sales products | 8,390,600,000 | 6,393,500,000 | 5,406,100,000 |
| Net sales services | 1,839,300,000 | 1,618,300,000 | 1,457,100,000 |
| Net sales | 10,229,900,000 | 8,011,800,000 | 6,863,200,000 |
| Cost of sales products | 5,447,200,000 | 4,099,400,000 | 3,575,700,000 |
| Cost of sales services | 1,067,500,000 | 978,200,000 | 887,000,000 |
| Cost of sales | 6,514,700,000 | 5,077,600,000 | 4,462,700,000 |
| Selling general and administrative expenses | 1,617,800,000 | 1,374,000,000 | 1,312,300,000 |
| Amortization of intangibles | 200,400,000 | 184,200,000 | 181,300,000 |
| Restructuring costs | 54,500,000 | 5,300,000 | 28,600,000 |
| Operating profit | 1,829,700,000 | 1,367,400,000 | 872,200,000 |
| Interest expense net | 86,100,000 | 150,400,000 | 180,100,000 |
| Loss on extinguishment of debt | 1,700,000 | 2,400,000 | 500,000 |
| Change in fair value of warrant liabilities | 0 | 449,200,000 | 157,900,000 |
| Income before income taxes | 1,741,900,000 | 765,400,000 | 533,700,000 |
| Income tax expense | 409,100,000 | 269,600,000 | 73,500,000 |
| Net income | 1,332,800,000 | 495,800,000 | 460,200,000 |
| Basic EPS | 3.49 | 1.32 | 1.21 |
| Diluted EPS | 3.41 | 1.28 | 1.19 |
| Basic weighted average shares | 381,712,181 | 376,418,933 | 380,144,059 |
| Diluted weighted average shares | 390,652,824 | 386,325,058 | 386,226,267 |
| Gross profit | 3,715,200,000 | 2,934,200,000 | 2,400,500,000 |
| Balance sheet | |||
| Cash and cash equivalents | 1,728,400,000 | 1,227,600,000 | |
| Short term investments | 99,500,000 | 0 | |
| Accounts receivable net | 3,109,000,000 | 2,362,700,000 | |
| Inventories | 1,456,500,000 | 1,244,400,000 | |
| Total current assets | 6,819,500,000 | 5,101,800,000 | |
| Property plant and equipment net | 921,800,000 | 625,100,000 | |
| Goodwill | 2,033,700,000 | 1,321,100,000 | |
| Other intangible assets net | 1,894,800,000 | 1,487,100,000 | |
| Total assets | 12,212,400,000 | 9,132,500,000 | |
| Current portion of long term debt | 20,900,000 | 21,000,000 | |
| Accounts payable | 1,756,400,000 | 1,316,400,000 | |
| Deferred revenue | 1,814,700,000 | 1,063,300,000 | |
| Total current liabilities | 4,407,000,000 | 3,097,000,000 | |
| Long term debt net | 2,892,100,000 | 2,907,200,000 | |
| Total liabilities | 8,271,100,000 | 6,698,200,000 | |
| Total equity | 3,941,300,000 | 2,434,300,000 | |
| Total debt | 2,913,000,000 | 2,928,200,000 | |
| Common shares outstanding | 382,553,680 | 380,703,974 | |
| Cash flow | |||
| Depreciation | 97,100,000 | 81,600,000 | 74,300,000 |
| Amortization | 211,500,000 | 195,400,000 | 196,700,000 |
| Operating cash flow | 2,113,800,000 | 1,319,300,000 | 900,500,000 |
| Capital expenditures | -220,000,000 | -167,000,000 | -127,900,000 |
| Investments in capitalized software | -6,400,000 | -17,100,000 | -6,700,000 |
| Acquisitions of businesses net of cash acquired | -1,184,800,000 | -17,600,000 | -28,800,000 |
| Investing cash flow | -1,500,800,000 | -201,700,000 | -139,100,000 |
| Dividends paid | -66,600,000 | -42,200,000 | -9,500,000 |
| Repurchase of common stock | 0 | -599,900,000 | 0 |
| Financing cash flow | -72,300,000 | -652,100,000 | -247,500,000 |
| Free cash flow | 1,893,800,000 | 1,152,300,000 | 772,600,000 |
| Adjusted free cash flow company definition | 1,887,400,000 | 1,135,200,000 | 765,900,000 |
VRT quarterly income statement, balance sheet and cash flow
| Q2 2026 | Q2 2025 | |
|---|---|---|
| Fiscal quarter | 2 | 2 |
| Period start | 2026-04-01 | 2025-04-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | three months | three months |
| Source accession | 10-Q | 10-Q |
| Source accession cash flow | 0001628280-26-050323 | 0001628280-26-050323 |
| Income statement | ||
| Net sales products | 2,646,700,000 | 2,166,000,000 |
| Net sales services | 627,600,000 | 472,100,000 |
| Net sales | 3,274,300,000 | 2,638,100,000 |
| Cost of sales products | 1,667,800,000 | 1,470,300,000 |
| Cost of sales services | 371,600,000 | 271,200,000 |
| Cost of sales | 2,039,400,000 | 1,741,500,000 |
| Selling general and administrative expenses | 494,400,000 | 395,600,000 |
| Amortization of intangibles | 73,700,000 | 46,900,000 |
| Restructuring costs | -3,900,000 | 1,900,000 |
| Operating profit | 637,900,000 | 442,400,000 |
| Interest expense net | 17,400,000 | 21,300,000 |
| Loss on extinguishment of debt | 0 | 0 |
| Other non operating expense | 500,000 | 0 |
| Income before income taxes | 620,000,000 | 421,100,000 |
| Income tax expense | 122,200,000 | 96,900,000 |
| Net income | 497,800,000 | 324,200,000 |
| Basic EPS | 1.29 | 0.85 |
| Diluted EPS | 1.27 | 0.83 |
| Basic weighted average shares | 384,555,346 | 381,482,996 |
| Diluted weighted average shares | 392,746,991 | 389,846,827 |
| Gross profit | 1,234,900,000 | 896,600,000 |
| Balance sheet | ||
| Cash and cash equivalents | 2,810,600,000 | |
| Short term investments | 300,000,000 | |
| Accounts receivable net | 3,750,300,000 | |
| Inventories | 2,522,700,000 | |
| Total current assets | 9,984,900,000 | |
| Property plant and equipment net | 1,184,200,000 | |
| Goodwill | 2,283,300,000 | |
| Other intangible assets net | 1,800,800,000 | |
| Total assets | 15,900,900,000 | |
| Current portion of long term debt | 0 | |
| Accounts payable | 2,473,100,000 | |
| Deferred revenue | 3,633,700,000 | |
| Total current liabilities | 7,243,000,000 | |
| Long term debt net | 2,939,800,000 | |
| Total liabilities | 11,143,300,000 | |
| Total equity | 4,757,600,000 | |
| Total debt | 2,939,800,000 | |
| Common shares outstanding | 384,936,985 | |
| Cash flow | ||
| Depreciation | 39,400,000 | 23,500,000 |
| Amortization | 76,400,000 | 49,800,000 |
| Operating cash flow | 1,099,800,000 | 322,900,000 |
| Capital expenditures | -173,300,000 | -45,000,000 |
| Investments in capitalized software | -1,200,000 | -900,000 |
| Acquisitions of businesses net of cash acquired | -277,700,000 | 0 |
| Investing cash flow | -404,000,000 | -144,000,000 |
| Dividends paid | -23,900,000 | -14,200,000 |
| Financing cash flow | -14,900,000 | -8,000,000 |
| Free cash flow | 926,500,000 | 277,900,000 |
| Adjusted free cash flow company definition | 925,300,000 | 277,000,000 |
VRT year-to-date income statement and cash flow
| Six months ended June 30, 2026 | |
|---|---|
| Period start | 2026-01-01 |
| Period end | 2026-06-30 |
| Period type | six months |
| Source accession | 10-Q |
| Income statement | |
| Net sales products | 4,782,500,000 |
| Net sales services | 1,141,300,000 |
| Net sales | 5,923,800,000 |
| Cost of sales products | 3,016,200,000 |
| Cost of sales services | 673,000,000 |
| Cost of sales | 3,689,200,000 |
| Selling general and administrative expenses | 951,100,000 |
| Amortization of intangibles | 151,300,000 |
| Restructuring costs | -8,800,000 |
| Operating profit | 1,078,000,000 |
| Interest expense net | 13,000,000 |
| Loss on extinguishment of debt | 6,200,000 |
| Other non operating expense | 500,000 |
| Income before income taxes | 1,058,300,000 |
| Income tax expense | 170,400,000 |
| Net income | 887,900,000 |
| Basic EPS | 2.31 |
| Diluted EPS | 2.26 |
| Basic weighted average shares | 383,742,935 |
| Diluted weighted average shares | 392,511,287 |
| Gross profit | 2,234,600,000 |
| Cash flow | |
| Depreciation | 66,900,000 |
| Amortization | 156,600,000 |
| Operating cash flow | 1,866,600,000 |
| Capital expenditures | -285,900,000 |
| Investments in capitalized software | -2,600,000 |
| Acquisitions of businesses net of cash acquired | -278,100,000 |
| Investing cash flow | -780,700,000 |
| Dividends paid | -47,800,000 |
| Financing cash flow | -3,000,000 |
| Free cash flow | 1,580,700,000 |
| Adjusted free cash flow company definition | 1,578,100,000 |
VRT trailing twelve month income statement and cash flow
| Trailing twelve months ended June 30, 2026 | |
|---|---|
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | trailing twelve months |
| Source accession | 10-Q |
| Source accessions | 10-K, 10-Q |
| Income statement | |
| Net sales | 11,479,600,000 |
| Cost of sales | 7,112,900,000 |
| Gross profit | 4,366,700,000 |
| Operating profit | 2,174,600,000 |
| Income before income taxes | 2,113,700,000 |
| Income tax expense | 381,700,000 |
| Net income | 1,732,000,000 |
| Cash flow | |
| Operating cash flow | 3,354,200,000 |
| Capital expenditures | -424,400,000 |
| Investments in capitalized software | -5,800,000 |
| Free cash flow | 2,929,800,000 |
| Adjusted free cash flow company definition | 2,924,000,000 |
- Derivation. FY2025 (10-K) plus six months ended June 30, 2026 less six months ended June 30, 2025 (10-Q)
Adjustments
| Splits applied | none |
|---|---|
| ADR ratio | n/a |
| FX | none; Vertiv reports in U.S. dollars |
Prior year to date
| Six months ended June 30, 2025 | |
|---|---|
| Period start | 2025-01-01 |
| Period end | 2025-06-30 |
| Period type | six months |
| Source accession | 10-Q |
| Income statement | |
| Net sales products | 3,815,700,000 |
| Net sales services | 858,400,000 |
| Net sales | 4,674,100,000 |
| Cost of sales products | 2,582,400,000 |
| Cost of sales services | 508,600,000 |
| Cost of sales | 3,091,000,000 |
| Selling general and administrative expenses | 741,900,000 |
| Amortization of intangibles | 92,900,000 |
| Restructuring costs | 3,000,000 |
| Operating profit | 733,100,000 |
| Interest expense net | 46,600,000 |
| Loss on extinguishment of debt | 0 |
| Other non operating expense | 0 |
| Income before income taxes | 686,500,000 |
| Income tax expense | 197,800,000 |
| Net income | 488,700,000 |
| Basic EPS | 1.28 |
| Diluted EPS | 1.25 |
| Basic weighted average shares | 381,166,015 |
| Diluted weighted average shares | 389,977,516 |
| Gross profit | 1,583,100,000 |
| Cash flow | |
| Depreciation | 46,400,000 |
| Amortization | 98,500,000 |
| Operating cash flow | 626,200,000 |
| Capital expenditures | -81,500,000 |
| Investments in capitalized software | -3,200,000 |
| Acquisitions of businesses net of cash acquired | 0 |
| Investing cash flow | -182,800,000 |
| Dividends paid | -28,400,000 |
| Financing cash flow | -32,900,000 |
| Free cash flow | 544,700,000 |
| Adjusted free cash flow company definition | 541,500,000 |
Notes
- Template: standard industrial manufacturer. Vertiv sells power management, thermal management and integrated infrastructure products, plus related services, mainly for data centers and communication networks, and its income statement splits net sales and cost of sales between products and services; both splits are kept here alongside the totals.
- Annual figures for FY2025, FY2024 and FY2023 come from the consolidated statements in the FY2025 10-K (accession 0001674101-26-000008). That filing prints balance sheets only at December 31, 2025 and December 31, 2024, so FY2023 carries an income statement and cash flow statement but no balance sheet.
- Quarterly income statement figures for the three months ended June 30, 2026 and June 30, 2025, the six-month figures, and the June 30, 2026 balance sheet come from the Q2 2026 10-Q (accession 0001628280-26-050609). The year-ago quarter has no balance sheet because the 10-Q compares June 30, 2026 with December 31, 2025, which appears here as the FY2025 balance sheet.
- The Q2 2026 10-Q's cash flow statement presents only six-month periods. The three-month cash flow figures for Q2 2026 and Q2 2025 are taken from the condensed consolidated statements of cash flows in the Q2 2026 earnings release (Exhibit 99.1 to the Form 8-K, accession 0001628280-26-050323, filed July 29, 2026); its six-month columns match the 10-Q exactly.
- Gross profit is not a line on Vertiv's statements; it is computed here as net sales less cost of sales.
- Total debt is the current portion of long-term debt plus long-term debt, net, both as carried on the balance sheet (net of unamortized discount and issuance costs). It excludes lease liabilities.
- Free cash flow is operating cash flow less capital expenditures. Vertiv's own non-GAAP 'adjusted free cash flow' also deducts investments in capitalized software; that measure is shown separately as adjusted_free_cash_flow_company_definition, computed from the cash flow statement lines, and it equals the amounts the company prints in its earnings releases ($925.3 million and $277.0 million for the second quarters of 2026 and 2025, $1,578.1 million and $541.5 million for the six-month periods, and $1,887.4 million and $1,135.2 million for FY2025 and FY2024).
- Cash outflows (capital expenditures, capitalized software, acquisitions, dividends, share repurchases) are stored as negative numbers, as the cash flow statements print them. A dash on the statements is recorded as zero.
- The trailing twelve months ended June 30, 2026 are derived as FY2025 (10-K) plus the six months ended June 30, 2026 less the six months ended June 30, 2025 (10-Q). Per-share figures are not derived for that period.
- The 10-Q captions the interest line 'Interest expense (income), net' and the 10-K 'Interest expense, net'; both are recorded as interest_expense_net. The 10-Q adds an 'Other non-operating expense (income)' line that the 10-K does not print. FY2024 and FY2023 results include non-operating charges for the change in fair value of warrant liabilities ($449.2 million and $157.9 million); the 10-K prints no such charge for FY2025.
- The 10-Q states that certain prior-period amounts were reclassified to conform with the current presentation; 2025 interim figures here are as the Q2 2026 10-Q presents them.
- Weighted-average share counts and shares outstanding are in actual shares, as printed. Common shares outstanding are taken from the balance-sheet equity caption: 384,936,985 at June 30, 2026, 382,553,680 at December 31, 2025 and 380,703,974 at December 31, 2024.
- No stock split, currency translation or ADR adjustment applies: Vertiv is a U.S. domestic filer reporting in U.S. dollars, and its filings report no share split in these periods.
Uncertainties
- Three-month cash flow figures for Q2 2026 and Q2 2025 rest on the earnings release rather than the 10-Q, which presents six-month cash flows only.
Company details
| Name | Vertiv Holdings Co |
|---|---|
| Ticker | VRT |
| CIK | 0001674101 |
| Exchange | NYSE |
| State | Ohio |
| Incorporation | Delaware |
| SIC | 3679 |
| Office | Manufacturing |
| Industry | Electronic Components, NEC |
Fiscal period
| Fiscal year | 2026 |
|---|---|
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 10-Q |
| Accession | 0001628280-26-050609 |
| Fiscal year end | 1231 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Source |
|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-12-31 | 2026-02-13 | 0001674101-26-000008 | reported |
| quarterly | yes | 10-Q | 2026 | Q2 | FY26Q2 | 2026-06-30 | 2026-07-29 | 0001628280-26-050609 | facts |
FAQ · Vertiv financial statements
How much revenue did Vertiv make in Q2 FY2026?
Vertiv reported net sales of $3.27 billion for Q2 FY2026, the quarter ended June 30, 2026. That is up 24.1% from $2.64 billion in the same quarter a year earlier, and part of the increase came from businesses Vertiv acquired.
What was Vertiv's net income in Q2 FY2026?
Vertiv earned net income of $497.8 million in Q2 FY2026, the quarter ended June 30, 2026, up 53.5% from $324.2 million a year earlier.
What were Vertiv's earnings per share in Q2 FY2026?
Vertiv reported diluted earnings per share of $1.27 for Q2 FY2026, the quarter ended June 30, 2026, compared with $0.83 in the same quarter a year earlier.
How much operating profit did Vertiv make in Q2 FY2026?
Vertiv's operating profit was $637.9 million in Q2 FY2026, the quarter ended June 30, 2026, up 44.2% from $442.4 million a year earlier.
Where can I get Vertiv Holdings Co (VRT) financial data in machine-readable form?
Ticker Scout publishes Vertiv Holdings Co's financial statements as JSON at https://tickerscout.ai/vrt/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/vrt/narrative.md and https://tickerscout.ai/vrt/events.md. Vertiv Holdings Co's SEC CIK is 0001674101. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Vertiv Holdings Co (VRT) next file with the SEC?
Vertiv Holdings Co (VRT) is due to file its next Form 10-Q with the SEC. The projected date, October 21, 2026, has passed, which means the filing is due or overdue rather than already reported here. That date is a projection rather than a company-announced date: it is derived from Vertiv Holdings Co's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001628280-26-050609.
How this page was built
This page was built from three of Vertiv Holdings Co's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names one such gap.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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