Vertiv Q2 Earnings Miss Revenue Estimate Despite Stronger-Than-Expected Adjusted EPS
Vertiv Holdings reported second-quarter adjusted earnings of $1.52 per share, surpassing the consensus estimate of $1.42 but falling short on revenue with $3.27 billion compared to analysts' expectations of $3.38 billion. The company attributed this shortfall primarily to timing factors such as supply chain congestion and complex project execution rather than weak demand. Despite raising full-year guidance for both adjusted earnings ($6.65–$6.75 per share) and net sales ($13.8B–$14.2B), the stock dropped 12% in premarket trading following a prior decline of 6.3%. The updated forecast still fell short of Wall Street's expectations for $6.49 per share on $13.88 billion in revenue. Vertiv also provided Q3 guidance, projecting adjusted earnings between $1.77 and $1.83 with net sales ranging from $3.65B to $3.85B—roughly aligned with market expectations.
Topics: Earnings Revenue Miss Stock Movement