Vertiv Holdings
VRTQ2 2025(VRT Q1 FY2025)Estimated16% AI
AI Revenue %
16%
AI Fair Value
$9.1B
AI Revenue (Q)
$262.3M
Total Revenue (Q)
$1.6B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 2025 (calendar) revenue was $2,036.0M (up 24.2% YoY). Revenue disaggregation shows Products at $1,611.1M (up 30.2% YoY from $1,237.4M) while Services grew more modestly to $424.9M. Americas up 28.1% ($1,185.3M vs $925.0M), APAC up 34.6% ($447.2M vs $332.3M), EMEA up 5.7% ($403.5M vs $381.8M). The acceleration in product revenue growth rate (30.2%) significantly exceeds services growth, indicating strong equipment/hardware demand consistent with AI infrastructure buildout. No longer any mention of warrant liabilities (settled in 2024). Estimating 16% as AI-specific infrastructure (liquid cooling, high-density racks, GPU-optimized power) becomes a larger share of the product mix. $325.8M AI / $2,036.0M total = ~16.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Net sales 2,036.0
10-Q Income Statement, Q1 2025
Products $958.3 (Americas) + $333.8 (APAC) + $319.0 (EMEA) = $1,611.1
10-Q Revenue Disaggregation, Q1 2025
Services & spares $227.0 (Americas) + $113.4 (APAC) + $84.5 (EMEA) = $424.9
10-Q Revenue Disaggregation, Q1 2025
AI Products Identified (Ring 1)
Liquid cooling systemsHigh-density power distributionThermal managementModular data center solutions
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Data center coolingUPS systemsIntegrated rack solutionsSwitchgearBusbar systems
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix