Filing Flows › Vertiv Holdings (VRT) › Q2 2026
Vertiv Holdings (VRT) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
Vertiv Holdings (VRT) reported revenue of $3.3B for the second quarter 2026 (Q2 2026), +24% from a year earlier and +24% from the quarter before. Operating margin was 19.5%, net earnings $498M (15.2% of revenue).
Vertiv Holdings, Q2 2026: revenue $3.3B (+24% year over year), operating margin 19.5%, net earnings $498M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.3B | +24% | +24% |
| Operating profit | $638M | +45% | +44% |
| Net earnings | $498M | +28% | +54% |
| Operating cash flow | $1.1B | +43% | +241% |
| Free cash flow | $925M | — | +234% |
What changed
Revenue was $3.3B in Q2 2026, up 24% year over year and up 24% from the previous quarter. Americas was the largest line at 63% of revenue. Americas added $0.47B year over year (up 29%), 74% of the total change.
Operating profit was $0.64B, a 19.5% margin (up 2.7 points year over year). Of the extra revenue versus Q2 2025, 31% reached operating profit, above the 17% margin then. Total costs grew 20% against revenue growth of 24%. The fastest-growing cost line was Other operating costs (+75%). Net earnings were $0.50B, up 54% year over year. The effective tax rate was 19.7%.
Operating cash flow was $1.1B (up 241% year over year), 221% of net earnings. Non-cash charges added back $0.12B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.47B. After capital expenditures ($0.17B) and investments in capitalized software ($1.2M), adjusted free cash flow as the company reports it was $0.93B.
Questions
What was Vertiv Holdings' revenue in the second quarter 2026?
Vertiv Holdings (VRT) reported revenue of $3.3B for the second quarter 2026 (Q2 2026), +24% from a year earlier and +24% from the quarter before.
Was Vertiv Holdings profitable in the second quarter 2026?
Operating profit was $638M (19.5% of revenue) and net earnings $498M.
Source: Vertiv Holdings 10-Q on SEC EDGAR.