Vertiv Q4 Net Sales Up 23%, Backlog Surges to Record $15B
Vertiv’s fiscal Q4 net sales rose 23% y/y to $2.880 billion, driven by a 252% surge in organic orders and a 2.9x book-to-bill ratio, lifting backlog 109% y/y to a record $15 billion. Adjusted EPS jumped 6.3% to $1.36, with operating margin expanding 170 bps to 23.2%.
1. Q4 Financial Results
Vertiv reported net sales of $2.880 billion for fiscal Q4, up 23% year-over-year, with organic sales growth of 19%. Adjusted operating profit increased 33% to $668 million and diluted EPS rose to $1.36, while liquidity remained at $2.6 billion.
2. Record Backlog and Order Growth
Organic orders surged 252% year-over-year and sequentially rose 117%, driving the book-to-bill ratio to 2.9x and lifting backlog 109% y/y to a record $15.0 billion, reflecting strong demand for AI infrastructure.
3. 2026 Guidance
For Q1 2026, the company projects net sales of $2.5–2.7 billion and adjusted EPS of $0.95–$1.01. Full-year forecasts include revenue of $13.25–13.75 billion, EPS of $5.97–6.07 and organic sales growth of 27–29%.