Analysts Rally Behind Vertiv After Q3 Beat on AI Data‑Center Demand

Overview

• Vertiv posted third‑quarter revenue of $2.67 billion and EPS of $1.24 with roughly 28% organic growth, lifted by strength in North America and APAC and weaker EMEA trends.
• Management cited approximately $3.75 billion in AI data‑center engagements that drove a surge in orders, with Evercore highlighting a 1.4x book‑to‑bill and a $9.5 billion backlog.
• Figures reported by other commentators differ, with Stephanie Link referencing record orders of $3.22 billion, a 1.2x book‑to‑bill, and an $8.5 billion backlog.
• The company guided for the December quarter to about $2.85 billion in revenue, EPS of $1.26, and roughly 20% organic growth, while flagging softer EBIT margin due to higher tariffs and pulled‑in capex increasing fixed costs.
• Shares reached an all‑time high of $202.45 on Oct. 30 and are up about 75% over the past year, with Vertiv valued near $76.1 billion at a trailing P/E of roughly 49.9.