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Vertiv
Power & cooling vendor riding AI capex: $8.5B record backlog, NVIDIA 360AI GB300 reference partner
HQ US
Recent Business Signals
Jun 18, 2026
leadership_change
Stockholders elected eleven director nominees to Vertiv Holdings Co's Board of Directors for a one-year term.
source: sec_edgar
Jun 18, 2026
news_mention
Vertiv (VRT) filed SEC Form 8-K on 2026-06-18 (period 2026-06-17); items 5.07.
source: sec_edgar
Jun 12, 2026
acquisition
Vertiv Holdings Co. announced the closing of its acquisition of ThermoKey S.p.A. by one of its wholly-owned subsidiaries.
source: sec_edgar
Jun 12, 2026
news_mention
Vertiv (VRT) filed SEC Form 8-K on 2026-06-12 (period 2026-06-12); items 7.01,9.01.
source: sec_edgar
Jun 3, 2026
other
Vertiv Holdings Co's Board of Directors declared a quarterly cash dividend of $0.0625 per share of Class A common stock.
source: sec_edgar
Jun 3, 2026
news_mention
Vertiv (VRT) filed SEC Form 8-K on 2026-06-03 (period 2026-06-03); items 8.01,9.01.
source: sec_edgar
Funding & valuation history
Jun 12, 2026 · sec_edgar
Vertiv Holdings Co. announced the closing of its acquisition of ThermoKey S.p.A. by one of its wholly-owned subsidiaries.
Dec 15, 2025 · ai_synthesis_sdk
In December 2025, Vertiv announced the acquisition of Belgium-based Waylay NV to strengthen its AI-driven orchestration and automation software stack for managing data center power and critical infrastructure at scale.
Oct 7, 2025 · ai_synthesis_sdk
Vertiv announced in October 2025 the acquisition of Great Lakes Data Racks & Cabinets for approximately $200 million to expand its North American rack and integrated power/cabinet manufacturing capacity for AI data center deployments.
Strategic Position
What they do best
Delivering mission-critical power+thermal at frontier AI-rack density — productized 360AI reference architectures for NVIDIA GB300 NVL72 at ~142 kW/rack (signal 0a8f1612).
Their bet
That 800 VDC becomes the standard for 1 MW+ Rubin-class AI racks (signal 7c05d0c4), and that owning orchestration software (Waylay, 823ac77c) plus North American rack capacity (Great Lakes, 1d8de43f) locks in hyperscaler share.
Top risk
If reported backlog in Q1–Q2 2026 earnings falls below the Q3 2025 record ~$8.5B (book-to-bill <1.0), the AI-capex demand thesis underpinning the raised ~$10B FY2025 guidance is directly falsified.
Compared to peers
Direct competitor
Schneider Electric
Schneider's APC/EcoStruxure covers the same rack-to-utility chain but already leads on integrated energy/infra software — the gap Vertiv is only now closing via the Waylay buy.
Substitute
Bloom Energy
Bloom's behind-the-meter fuel cells bypass 5–7yr grid-interconnect queues, displacing the utility-fed power Vertiv conditions rather than competing head-on in UPS/PDU.
Why someone would join
- 1.Demand is contractually visible, not speculative: Q3 2025 record backlog ~$8.5B and FY2025 guidance raised toward ~$10B (29% YoY growth) — power/UPS roadmaps are funded years out (signal c763ccd4).
- 2.Work directly on NVIDIA's frontier roadmap: named 800 VDC ecosystem partner for 1 MW+ racks (May 2025) and shipping 360AI designs for GB300 NVL72 at ~142 kW/rack (signal 0a8f1612), aligned to Rubin 2027.
Recent Hiring (60 days)
No specialty signals in the last 60 days.