Vertiv Reports 63% Q3 EPS Growth, Ups Full-Year Guidance to $10.2B
Vertiv posted 63% year-over-year Q3 adjusted EPS growth and raised full-year guidance to $10.2 billion revenue and $4.10 EPS, supported by a 1.4x book-to-bill ratio and a $9.5 billion backlog. The strong order momentum reflects robust demand for hyperscale data center infrastructure driven by AI expansion.
1. Vertiv Unveils High-Density Modular Cooling Solution
Vertiv has launched the Vertiv™ MegaMod™ HDX, a prefabricated power and liquid-cooling pod engineered for AI and HPC data centers. The system delivers up to 10 MW of capacity and supports rack densities from 50 kW to over 100 kW per rack. Two configurations are available: a compact module housing up to 13 racks with 1.25 MW of power, and an extended-height combo solution encompassing 144 racks at full 10 MW capacity. Both models integrate direct-to-chip liquid cooling with air-cooled architectures, feature distributed redundant power for uninterrupted operation, and include a buffer-tank thermal backup to stabilize GPU clusters during maintenance or load shifts. Prefabricated modules arrive factory-tested, reducing deployment time by up to 30 percent compared with traditional builds.
2. Robust Financial Results and Strengthened Outlook
In Q3, Vertiv reported 63 percent year-over-year growth in adjusted EPS, driven by broad adoption of its data center infrastructure portfolio. The company raised full-year revenue guidance to $10.2 billion and increased EPS projections to $4.10. Order momentum remains strong, with a book-to-bill ratio of 1.4x and a backlog of $9.5 billion, reflecting sustained demand from hyperscale and colocation operators. Vertiv’s 80 percent revenue exposure to data centers underscores its reliance on high-density compute trends, while ongoing investment in R&D—amounting to over $200 million in the last four quarters—supports future product enhancements.
3. Expanding Market Opportunity in Liquid Cooling
The global data center liquid cooling market is projected to grow from $870 million in 2024 to $10.7 billion by 2030, at a CAGR of 51.9 percent. Hyperscale facilities accounted for the majority of 2024 investments, with direct-to-chip cooling representing the largest technology share and immersion cooling comprising 17 percent of total outlays. North America and China lead adoption, while regions with high power costs, such as the Middle East and Latin America, are increasing investments in advanced cooling. Vertiv’s end-to-end portfolio—including the Liebert® APM2 UPS, CoolChip CDU, and PowerBar busway—positions it to capture a growing share of this rapidly expanding market.