New York, Feb 12, 2026, 05:07 EST — Premarket
Vertiv Holdings Co slipped 1.7% to $244.37 before the bell Thursday. That pullback came right after a 24.5% surge the previous session, when the stock wrapped up at $248.51. 1
Vertiv’s volatility is worth watching. The stock acts as a quick barometer for capital flows into AI-driven data center buildouts, where surging needs for power and cooling can quickly translate into jolts—sometimes upside surprises—on the earnings front.
Wednesday’s sharp move sets a tougher hurdle. Now traders want to see if those orders actually translate to sales—and whether margins can hold up as the company pushes capacity higher.
Vertiv reported fourth-quarter net sales up 23% at $2.88 billion, with adjusted diluted EPS—excluding certain items—coming in at $1.36. Organic orders soared roughly 252%, backlog hit $15.0 billion, and the book-to-bill ratio landed near 2.9. Looking ahead to 2026, Vertiv is projecting adjusted EPS in the range of $5.97 to $6.07 on net sales between $13.25 billion and $13.75 billion. The company pointed to strong cash generation, which fueled around $1 billion deployed toward growth acquisitions, finishing the quarter with $2.6 billion in liquidity and net leverage of about 0.5x. CEO Giordano Albertazzi called the “record backlog” a strong signal for continued growth this year. 2
Vertiv’s results release went out in a Form 8-K filed with the SEC on Feb. 11, according to the filing. 3
Analysts wasted no time focusing on the surge in orders. Oppenheimer’s Noah Kaye described the “orders strength” as “remarkable,” according to Barron’s. Shares of other data-center-related industrials like Eaton and Trane Technologies also caught a bid. 4
Part of the buzz stems from the AI infrastructure push. Investors.com highlighted Vertiv’s position inside the AI data center supply chain, noting that Albertazzi mentioned efforts around high-voltage DC power systems tailored for these sites. 5
Yet things turn quickly. Large projects might fall behind, cancellations often surface after the fact, and a jump in orders doesn’t always feed straight into revenue for the quarter.
The market slipped a bit Thursday morning, a minor move compared to Wednesday’s rally. That’s a signal traders are bracing for a stretch of back-and-forth action as they gauge whether the fresh guidance can actually hold up, now that the opening headlines have landed.
In the short run, investors are watching Vertiv’s pace on ramping up capacity, and if margins hold up in the process. Another thing: can the company keep converting its backlog at the rate implied by those recent order numbers?
Vertiv’s up next on the conference circuit, with stops at Citi’s 2026 Global Industrial Tech and Mobility Conference Feb. 17, then Barclays Industrial Select on Feb. 18. Chief Product and Technology Officer Scott Armul and IR executive Lynne Maxeiner are both slated to participate. 6
