Vertiv Holdings Stock Up 191% on AI Orders, $15B Backlog Growth
Vertiv’s shares climbed 191% from March 2025 to March 2026 thanks to surging AI-driven data centre orders and a backlog swelling to $15 billion. Analysts have lifted fiscal 2026 EPS estimates by $0.94 to $6.15 (implying 46.4% YoY growth) while the company holds a Zacks Rank #2 and VGM Score B.
1. Share Surge and AI-Driven Orders
Vertiv’s shares climbed 191% from March 2025 to March 2026, driven by a surge in AI-driven data centre orders and strong momentum in its power and cooling solutions. The company also reported 252% year-over-year organic order growth during the period.
2. Backlog Expansion and Revenue Visibility
The order backlog reached $15 billion, doubling year-over-year and enhancing revenue visibility as data centre spending is projected to quadruple by 2030. This backlog improvement positions Vertiv to capture further growth in cloud, healthcare and telecommunications infrastructure.
3. Analyst Estimate Revisions and Ratings
Seven analysts raised fiscal 2026 EPS estimates by $0.94 to $6.15 per share, implying 46.4% year-over-year earnings growth and reflecting an average earnings surprise of 11.8%. Vertiv holds a Zacks Rank #2, a VGM Score of B and a Growth Style Score of A, highlighting market optimism despite an elevated P/E ratio.