nVent Electric Reports Record Q2 Earnings Driven by AI Data Center Demand
nVent Electric (NYSE:NVT) reported record second-quarter sales of $1.47 billion, a 53% increase year-over-year, driven primarily by strong demand from AI data centers and power utilities. Adjusted earnings per share rose to $1.45, up 69%, while free cash flow more than doubled to $167 million. The company raised its full-year guidance for both sales growth (now projected at 37%–39%) and adjusted EPS ($5.00–$5.10), reflecting continued momentum in infrastructure markets. The Systems Protection segment, which saw revenue of $1.07 billion—up 70% year-over-year—was a key contributor to the strong results. nVent also announced plans for expansion, including a third Minnesota facility and new modular cooling platforms by mid-2026 in response to growing data-center demand.
Tickers: $NVT
Topics: AI data centers liquid cooling expansion power utilities short-cycle demand