Vertiv Holdings
VRTQ1 2023(VRT Q4 FY2022)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$919.8M
AI Revenue (Q)
$29.6M
Total Revenue (Q)
$1.5B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Full year 2022 revenue was $5,691.5M (Americas $2,728.6M, APAC $1,601.3M, EMEA $1,361.6M). 10-K reports growth driven by 'higher sales volumes', E&I acquisition revenue, and 'thermal product lines'. No reference to AI workloads anywhere in the filing. Pre-ChatGPT era (launched Nov 2022, effects not yet visible in orders). Q4 2022 implied revenue: $5,691.5M - $4,036.9M (9mo) = $1,654.6M. Maintaining 2% estimate. $33.1M AI / $1,654.6M total = ~2.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Americas net sales of $2,728.6 in 2022 increased $541.2, or 24.7% from 2021
10-K Segment Note, FY2022
net sales increased in critical infrastructure & solutions by $418.8 driven mostly due to increases in the thermal product lines and $122.3 related to the incremental E&I sales
10-K MD&A Americas, FY2022
deployment of large colocation data centers
10-K MD&A EMEA, FY2022
AI Products Identified (Ring 1)
High-density power distributionThermal management systems
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 solutions
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix