Vertiv Holdings
VRTQ3 2024(VRT Q2 FY2024)Estimated10% AI
AI Revenue %
10%
AI Fair Value
$5.0B
AI Revenue (Q)
$195.3M
Total Revenue (Q)
$2.0B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 2024 (calendar) revenue was $1,952.8M (up 12.6% YoY). All three geographic segments now cite 'Colocation and Hyperscale markets' as the primary growth driver. Americas up 16.9%, EMEA up 11.5%. Revenue disaggregation now shows Products at $1,517.3M and Services at $435.5M. The acceleration in products revenue ($1,517.3M vs $1,360.4M prior year, +11.5%) reflects growing AI data center infrastructure demand. Margin expansion to 25.4% in Americas and 25.9% in EMEA suggests premium-priced products (consistent with liquid cooling). Estimating 10% as AI infrastructure deployments accelerate through mid-2024. $195.3M AI / $1,952.8M total = ~10.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Net sales 1,952.8
10-Q Income Statement, Q2 2024
The increase in sales was primarily driven by higher sales volumes in Colocation and Hyperscale markets
10-Q MD&A Americas, Q2 2024
Sales increases were primarily due to increased volumes in Colocation and Hyperscale markets
10-Q MD&A EMEA, Q2 2024
increases were primarily driven by Colocation and Enterprise growth particularly in India and Asia
10-Q MD&A Asia Pacific, Q2 2024
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