But company warns of higher costs from tariffs
Vertiv reported a Q2 year-over-year revenue jump of 35 percent.
The power, cooling, and rack company pointed to continued data center growth, particularly with large AI facilities.
Revenue for the quarter hit $685 million, while second quarter 2025 organic orders increased approximately 15 percent year-over-year and 11 percent sequentially from first quarter 2025.
The company said that it had a backlog of $8.5bn, and a book-to-bill ratio of approximately 1.2x for the quarter.
Operating profit was up 32 percent to $442m (adjusted operating profit was up 28 percent to $489m).
However, the adjusted operating margin was down 110 basis points to 18.5 percent, primarily due to tariffs.
Vertiv said that there were higher-than-anticipated supply chain and manufacturing transition costs to mitigate tariffs, but added that there were also operational inefficiencies and execution challenges from stronger-than-anticipated growth acceleration.
The company said that it hoped to materially address both issues by the end of the year, and was raising its full-year adjusted diluted EPS, net sales, adjusted operating profit, and adjusted free cash flow forecast.
"Vertiv's second quarter performance demonstrates the strength of our market position and our ability to execute at scale," said Giordano Albertazzi, Vertiv's CEO.
"Our 35 percent sales growth and robust orders momentum reflect both strong market demand and our expanded capabilities to serve our customers' increasingly complex infrastructure needs. We are strategically investing in capacity expansion and accelerating our innovation pipeline to capitalize on unprecedented data center growth, particularly in AI-enabled infrastructure."
This month, Vertiv acquired rack maker Great Lakes for $200 million as it doubled down on its data center portfolio.
"What we're seeing in the data center industry today goes well beyond the next few years," Dave Cote, Vertiv's executive chairman, said. "This is a technological transformation that we believe will drive sustained long-term growth."
Shares in the company are up more than 10 percent in the last week.
