Vertiv reported double-digit revenue and earnings growth in its latest quarter, driven by robust demand for power and thermal management solutions in AI-driven data centers. Management highlighted a 22% year-over-year increase in top-line results and a 24% rise in adjusted EBITDA, underscoring the company’s ability to capture high-margin opportunities as hyperscale and cloud providers expand capacity.

The company’s backlog reached $9.5 billion at quarter end, up 18% sequentially, reflecting multi-year contracts with leading cloud operators and telecom carriers. Organic order growth accelerated to 30% year-over-year, with new orders heavily weighted toward AI and edge computing applications. Vertiv’s modular power and liquid cooling offerings accounted for over 40% of incoming orders, positioning it to benefit from next-generation data center rollouts.

Street analysts project Vertiv’s EPS to climb by more than 50% over the next two years as the AI infrastructure cycle gains momentum. Despite this forecast, the stock trades at a forward multiple below the peer group average, suggesting potential upside as earnings visibility improves. Consensus revenue estimates for fiscal 2026 call for a 20% annual increase, driven by sustained cloud capex and expanding service revenues.

Barclays recently raised its rating on Vertiv to Overweight from Equal Weight, citing “beat-and-raise” potential in upcoming quarterly results. The firm lifted its 12-month price target from $181 to $200, based on a re-rating to peer-group multiples and the expectation of continued margin expansion. Other major brokerages have echoed this stance, noting the stock’s resilience through recent market volatility and its leading position in critical data center infrastructure.