The financials
Vertiv by the numbers
Vertiv (VRT) reported revenue of $3.27B in Q2 2026 (quarter ended June 30, 2026), up 24% from the same quarter a year earlier. That came with a gross margin of 38% and net income of $498M (15% of revenue). For the full year FY2025, revenue was $10.2B (+28% year on year) and net income $1.33B. Its largest product in 2026-Q2 was Product Excluding Spares at $1.67B, 62% of the disclosed total, just ahead of Service at 23%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $3.27B | $2.64B | +24% |
| Gross profit | $1.23B | $897M | +38% |
| Operating income | $638M | $442M | +44% |
| Net income | $498M | $324M | +54% |
| Diluted EPS | $1.27 | $0.83 | +53% |
| Product | Revenue | Share |
|---|---|---|
| Product Excluding Spares | $1.67B | 62% |
| Service | $628M | 23% |
| Services And Spares | $405M | 15% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $2.70B (+16%)
Services And Spares grew +44% year on yearProduct Excluding Spares +26% year on year
Segment Latestquarter on quarteryear on year
- Product Excluding Spares$1.67B$1.67BQoQ +13%year on year +26%+13%+26%
- Service$627.6M$627.6MQoQ +22%year on year +33%+22%+33%
- Services And Spares$404.7M$404.7MQoQ +20%year on year +44%+20%+44%
Electrical Equipment & Parts
Ranks #1 of 20 by Smart Score