Vertiv

VRT · Industrials · Market cap $87.6B

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 29, 2026

Revenue$3.3B +24% year over year

Gross profit$1.2B

Operating profit$0.6B

Net profit$0.5B 15% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	3.3	100%	+24%
Product Excluding Spares	2.6	79%	+23%
Services and Spares	0.7	21%	+29%
Cost of revenue	−2	61%
Gross profit	1.2	38% margin	+4pp
SG&A	−0.5	15%	+0pp
Other	−0.1	3%	+0pp
Operating profit	0.6	19% margin	+3pp
Tax	−0.1
Net profit	0.5	15%	+3pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	2.6	100%	+30%
Product Excluding Spares	2.1	81%	+30%
Services and Spares	0.6	23%	+31%
Cost of revenue	−1.6	62%
Gross profit	1	38% margin	+4pp
SG&A	−0.5	17%	+0pp
Other	−0.1	4%	+0pp
Operating profit	0.4	17% margin	+2pp
Net profit	0.4	15%	+7pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.9	100%	+23%
Product Excluding Spares	2.3	79%	+23%
Services and Spares	0.6	21%	+21%
Cost of revenue	−1.8	62%
Gross profit	1.1	39% margin	+2pp
SG&A	−0.5	16%	+1pp
Other	−0.1	3%	+0pp
Operating profit	0.6	20% margin	+1pp
Tax	−0.2
Net profit	0.4	15%	+9pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.7	100%	+29%
Product Excluding Spares	2.2	81%	+34%
Services and Spares	0.5	19%	+11%
Cost of revenue	−1.7	63%
Gross profit	1	38% margin	+1pp
SG&A	−0.4	15%	−1pp
Other	−0.1	3%	+0pp
Operating profit	0.5	19% margin	+1pp
Tax	−0.1
Net profit	0.4	15%	+6pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.6	100%	+35%
Product Excluding Spares	2.1	81%	+40%
Services and Spares	0.5	19%	+19%
Cost of revenue	−1.7	65%
Gross profit	0.9	34% margin	−4pp
SG&A	−0.4	15%	−4pp
Other	−0.1	2%	+0pp
Operating profit	0.4	17% margin	+0pp
Tax	−0.1
Net profit	0.3	12%	+3pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Apr 1 – Jun 30, 2026	Jul 29, 2026	$3.3B	+24%	18%	$0.5B	15%
Q1 FY26	Mar 31, 2026	Apr 22, 2026	$2.6B	+30%	15%	$0.4B	15%
Q4 FY25	Oct 1 – Dec 31, 2025	Feb 13, 2026	$2.9B	+23%	21%	$0.4B	15%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 22, 2025	$2.7B	+29%	19%	$0.4B	15%
Q2 FY25	Apr 1 – Jun 30, 2025	Jul 30, 2025	$2.6B	+35%	15%	$0.3B	12%