Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
One region earns almost all the operating profit
The Americas makes 69.3% of sales but most of the profit, so its data center build-out sets the company's result.
For investorsWhat has to stay true for the margin to hold?
For foundersSelling speed: the playbook behind factory-built infrastructure
Gross margin rose only 0.33 points; most of the gain came from overhead growing about half as fast as sales.
Capital spending took 17.5% of operating cash flow, so the capacity build is paid from operations, not borrowing.
Services cost 55.9% of their sales to deliver against 63.0% for products, and each install extends that base.
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Business Lens describes Vertiv from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
