Filing Flows › Vertiv Holdings (VRT) › Q3 2026
Vertiv Holdings (VRT) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Vertiv Holdings (VRT) reported revenue of $4.3B for the third quarter 2026 (Q3 2026), +61% from a year earlier and +32% from the quarter before. Operating margin was 22.8%, net earnings $764M (17.7% of revenue).
Vertiv Holdings, Q3 2026: revenue $4.3B (+61% year over year), operating margin 22.8%, net earnings $764M, operating cash flow $794M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.3B | +32% | +61% |
| Operating profit | $984M | +54% | +90% |
| Net earnings | $764M | +54% | +92% |
| Operating cash flow | $794M | -28% | +64% |
| Free cash flow | $652M | — | +50% |
What changed
Revenue was $4.3B in Q3 2026, up 61% year over year and up 32% from the previous quarter. Americas was the largest line at 69% of revenue. Americas added $1.3B year over year (up 75%), 78% of the total change.
Operating profit was $1.0B, a 22.8% margin (up 3.5 points year over year). Of the extra revenue versus Q3 2025, 29% reached operating profit, above the 19% margin then. Total costs grew 54% against revenue growth of 61%. The fastest-growing cost line was Cost of revenue (+60%). Net earnings were $0.76B, up 92% year over year. The effective tax rate was 23.2%.
Operating cash flow was $0.79B (up 64% year over year), 104% 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 used $0.10B. After capital expenditures ($0.14B) and investments in capitalized software ($2.7M), adjusted free cash flow as the company reports it was $0.65B.
Questions
What was Vertiv Holdings' revenue in the third quarter 2026?
Vertiv Holdings (VRT) reported revenue of $4.3B for the third quarter 2026 (Q3 2026), +61% from a year earlier and +32% from the quarter before.
Was Vertiv Holdings profitable in the third quarter 2026?
Operating profit was $984M (22.8% of revenue) and net earnings $764M.
Source: Vertiv Holdings 10-Q on SEC EDGAR.