Vertiv Holdings
VRTQ4 2025(VRT Q3 FY2025)Estimated20% AI
AI Revenue %
20%
AI Fair Value
$12.0B
AI Revenue (Q)
$1.1B
Total Revenue (Q)
$5.7B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 2025 (calendar) revenue was $2,675.8M (up 29.0% YoY from $2,073.5M). Products at $2,167.6M (up 31.3%), Services at $508.2M (up 21.1%). Nine-month revenue reached $7,349.9M (up 29.7% from $5,665.4M). Notable this quarter: Vertiv acquired Great Lakes Data Racks & Cabinets (closed Aug 2025 for $203.5M), expanding rack and cabinet capabilities. Also initiated a major restructuring ($30.7M in Q3 alone, primarily corporate), suggesting the company is reorganizing for the next phase of growth. Americas 9mo revenue $4,500.0M, nearly matching full-year 2024 Americas of $4,500.6M in just 9 months. The revenue trajectory and Great Lakes acquisition indicate Vertiv is positioning heavily for AI data center demand. Estimating 20% as liquid cooling, high-density power, and purpose-built GPU rack infrastructure become a meaningful portion of orders. $535.2M AI / $2,675.8M total = ~20.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Net sales 2,675.8
10-Q Income Statement, Q3 2025
Products $1,426.6 (Americas) + $392.7 (APAC) + $348.3 (EMEA) = $2,167.6
10-Q Revenue Disaggregation, Q3 2025
On July 17, 2025, the Company entered into a sale and purchase agreement to acquire Great Lakes Data Racks & Cabinets family of companies... Total consideration transferred was $203.5
10-Q Note 3 Acquisition, Q3 2025
Great Lake's portfolio includes standard and custom racks, integrated cabinets, seismic cabinets, and enhanced cable management access options
10-Q Note 3 Acquisition, Q3 2025
Nine months ended September 30, 2025... Net sales 7,349.9
10-Q Income Statement, Q3 2025 (9mo)
AI Products Identified (Ring 1)
Liquid cooling systemsHigh-density power distributionThermal managementModular data center solutionsCustom GPU racks
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 systemsGreat Lakes racks and cabinets
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix