Vertiv Holdings Co Reports 29% Revenue Growth to $2.68 Billion in Latest Quarter

Vertiv Holdings Co reported significant financial growth in its latest quarterly results, with net sales reaching $2.68 billion for the three months ending September 30, 2025, a 29% increase from $2.07 billion in the same period last year. The company's net income also saw a substantial rise, climbing to $398.5 million compared to $176.6 million in the prior year, marking a 126% increase. This growth was driven by higher sales volumes across both product and service segments, with product sales alone increasing by $552 million.

In the nine months ending September 30, 2025, Vertiv's net sales totaled $7.35 billion, up 30% from $5.67 billion in the same period of 2024. The increase in sales was attributed to a combination of higher product sales and favorable foreign currency impacts. The company's gross profit for the nine-month period was $2.59 billion, representing a gross margin of 35.3%, slightly down from 36.4% in the previous year, primarily due to changes in the sales mix and tariff impacts.

Strategically, Vertiv completed the acquisition of Great Lakes Data Racks & Cabinets for approximately $200 million on August 20, 2025. This acquisition is expected to enhance Vertiv's capabilities in delivering integrated infrastructure solutions, particularly in response to the growing demands of artificial intelligence and high-density computing applications. The company has also expanded its manufacturing capacity significantly, doubling its production capabilities for switchgear and busbar products since late 2021.

Operationally, Vertiv's workforce has grown, with 382,338,313 shares of Class A common stock outstanding as of October 20, 2025. The company reported a notable increase in customer engagement metrics, particularly in the Americas, where net sales reached $1.71 billion, a 43% increase year-over-year. The Asia Pacific region also saw a 20% increase in sales, driven by growth in India, while the Europe, Middle East, and Africa segment experienced a modest 0.2% increase in sales.

Looking ahead, Vertiv anticipates continued growth driven by the increasing adoption of AI technologies and ongoing investments in capacity expansion. The company is focused on enhancing its supply chain resilience amid global economic uncertainties and is committed to leveraging its expanded product offerings to meet evolving customer demands. The outlook remains positive, with expectations for further revenue growth and operational improvements in the coming quarters.