Vertiv Holdings
VRTQ1 2025(VRT Q4 FY2024)Estimated14% AI
AI Revenue %
14%
AI Fair Value
$7.6B
AI Revenue (Q)
$328.5M
Total Revenue (Q)
$2.3B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Full year 2024 revenue was $8,011.8M (Americas $4,500.6M, APAC $1,717.8M, EMEA $1,793.4M). Q4 2024 implied: $8,011.8M - $5,665.4M (9mo) = $2,346.4M. Americas up 17.1% for full year, EMEA up 20.3%. 10-K highlights capacity and facility expansion in capex ($184.1M, up from $134.6M in 2023). The company raised 2025 capex guidance to $250-300M, indicating major capacity buildout for anticipated AI infrastructure demand. FY2024 saw 14.8% revenue growth on an already elevated FY2023 base. Estimating 14% for Q4 2024 as AI data center construction and equipment orders reach new highs. $328.5M AI / $2,346.4M total = ~14.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Americas net sales of $4,500.6 in 2024 increased $656.1, or 17.1%, from 2023
10-K Segment Note, FY2024
Europe, Middle East & Africa net sales of $1,793.4 in 2024 increased $302.5, or 20.3%
10-K Segment Note, FY2024
We expect to have capital expenditures (including capitalized software) of $250 to $300 in 2025
10-K MD&A Capital Resources, FY2024
investment in projects, such as capacity and facility expansion, that support growth and innovation
10-K MD&A, FY2024
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