Filing Flows › Vertiv Holdings (VRT) › Q1 2026
Vertiv Holdings (VRT) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 22, 2026
Vertiv Holdings (VRT) reported revenue of $2.6B for the first quarter 2026 (Q1 2026), +30% from a year earlier and -8% from the quarter before. Operating margin was 16.6%, net earnings $390M (14.7% of revenue).
Vertiv Holdings, Q1 2026: revenue $2.6B (+30% year over year), operating margin 16.6%, net earnings $390M, operating cash flow $767M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | -8% | +30% |
| Operating profit | $440M | -24% | +51% |
| Net earnings | $390M | -12% | +137% |
| Operating cash flow | $767M | -24% | +153% |
| Free cash flow | $653M | — | +147% |
What changed
Revenue was $2.6B in Q1 2026, up 30% year over year and down 8% from the previous quarter. Americas was the largest line at 68% of revenue. Americas added $0.63B year over year (up 53%), 103% of the total change. Europe, Middle East, & Africa declined 20%.
Operating profit was $0.44B, a 16.6% margin (up 2.3 points year over year). Of the extra revenue versus Q1 2025, 24% reached operating profit, above the 14% margin then. Total costs grew 27% against revenue growth of 30%. The fastest-growing cost line was Other operating costs (+108%). Net earnings were $0.39B, up 137% year over year. The effective tax rate was 11.0%.
Operating cash flow was $0.77B (up 153% year over year), 197% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.25B. After capital expenditures ($0.11B) and investments in capitalized software ($1.4M), adjusted free cash flow as the company reports it was $0.65B.
Questions
What was Vertiv Holdings' revenue in the first quarter 2026?
Vertiv Holdings (VRT) reported revenue of $2.6B for the first quarter 2026 (Q1 2026), +30% from a year earlier and -8% from the quarter before.
Was Vertiv Holdings profitable in the first quarter 2026?
Operating profit was $440M (16.6% of revenue) and net earnings $390M.
Source: Vertiv Holdings 10-Q on SEC EDGAR.