Slide 1: Third Quarter 2025 Results
Third Quarter 2025 Results October 22, 2025
Slide 2: Cautionary Statement Regarding Forward-Looking Statements
Cautionary Statement Regarding Forward-Looking Statements This presentation, and other statements that Vertiv may make in connection therewith, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Vertiv’s future financial
Slide 3: Third quarter 2025 key messages
Third quarter 2025 key messages Third quarter adjusted diluted earnings per share of $1.24, up ~63% from third quarter 2024 primarily driven by higher adjusted operating profit from the 28% organic net sales increase with additional benefit from lower income taxes. Third quarter organic net sales up
Slide 4: Customer demand, tariffs, procurement and operations
Customer demand, tariffs, procurement and operations Customer demand Tariffs* • Trailing Twelve-month (TTM) organic orders growth of ~21% vs. • Tariff situation remains fluid and uncertain. Projected tariff same prior year period. Third quarter orders up ~60% from third impact in current guidance hi
Slide 5: Vertiv services are enabling the future critical digital infrastructure
Vertiv services are enabling the future critical digital infrastructure Vertiv’s unique service capabilities enables Vertiv acquires generative AI software resiliency to endure, evolve and excel leader Waylay2 to enhance services offering • Aligned to the evolving customer needs and turning complexi
Slide 6: Third quarter 2025 financial results
Third quarter 2025 financial results $Millions; deltas to midpoint of guidance range Adj. Diluted EPS Net Net Sales Sales Adj. Operating Profit Adj. Operating Margin Adj. Free Cash Flow Up ~$0.48 Up ~$602M Up ~$179M Up ~220 bps Up ~$126M Up ~63% vs. prior year Organic up ~28% vs. prior year Up ~43%
Slide 7: Third quarter 2025 financial results
Third quarter 2025 financial results $Millions Net sales Americas Up 43% Up 20% Flat Organic +43% Organic +21% Organic -4% • Organic sales growth driven by strong, broad-based growth with momentum across nearly all product lines and 1,712 customer segments • Higher adjusted operating margin primaril
Slide 8: Fourth quarter 2025 financial guidance
Fourth quarter 2025 financial guidance $Millions; deltas to midpoint of guidance range Adj. Diluted EPS Net Net Sales Sales Adj. Operating Profit Adj. Operating Margin Adj. Free Cash Flow Up ~$0.27 Up ~$504M Up ~$135M Up ~90 bps Up ~$134M Up ~27% vs. prior year Organic up ~20% vs. prior year Up ~27%
Slide 9: Full year 2025 financial guidance
Full year 2025 financial guidance $Millions; deltas to midpoint of guidance range Adj. Diluted EPS Net Net Sales Sales Adj. Operating Profit Adj. Operating Margin Adj. Free Cash Flow Up ~$1.25 Up $2,188M Up ~$508M Up ~80 bps Up ~$365M Up ~44% vs. prior year Organic up ~27% vs. prior year Up ~33% vs.
Slide 10: Looking ahead to 2026
Looking ahead to 2026 Global growth in the data center market is projected to continue, fueled by strong global AI-driven demand and supported by market indicators and a healthy orders pipeline. Expect reacceleration in EMEA in second-half 2026. With a solid orders backlog and strong pipeline visibi
Slide 11: Accelerating investment to support customer demand
Accelerating investment to support customer demand • Investing globally with significant focus on further expanding North America capacity across technologies • Significant growth in Infrastructure Solutions driving incremental investments, particularly in Pre-fab capacity Capacity • Accelerating gr
Slide 12: Key takeaways
Key takeaways COLLABORATION SPOTLIGHT Vertiv collaborates with NVIDIA to advance 800 VDC platform designs to power and cool gigawatt-scale AI factories Q3 2025 EXCEEDED GUIDANCE METRICS: Adjusted diluted EPS • Adjusted operating margin • Strong • Accelerates the ‘unit of compute’ strategy to address
Slide 13: Non-GAAP financial reconciliations
Non-GAAP financial reconciliations © 2025 Vertiv. All Rights Reserved. 13
Slide 14: Non-GAAP financial measures – third quarter results
Non-GAAP financial measures – third quarter results Reconciliation of segment operating profit (loss) to operating profit (loss) and adjusted Reconciliation from operating profit (loss) margin to adjusted operating profit (loss) margin operating profit (loss) ($M | 3rd QUARTER) 3Q25 3Q24 ∆ ($M | 3rd
Slide 15: Non-GAAP financial measures – third quarter results (cont.)
Non-GAAP financial measures – third quarter results (cont.) Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) Loss on Income Operating profit Interest extinguishment of tax expense ($M, except EPS | 3rd QUARTER 2025) (loss) expense,
Slide 16: Non-GAAP financial measures – fourth quarter 2025 guidance
Non-GAAP financial measures – fourth quarter 2025 guidance At midpoint of guidance range Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) Operating profit Interest Income tax expense ($M, except EPS | 4th QUARTER 2025) (loss) expen
Slide 17: Non-GAAP financial measures – FY 2025 guidance
Non-GAAP financial measures – FY 2025 guidance At midpoint of guidance range Reconciliation of diluted EPS to adjusted diluted EPS and operating profit (loss) to adjusted operating profit (loss) Operating profit Interest Loss on extinguishment Income tax expense ($M, except EPS | FULL YEAR 2025) (lo
Slide 18: Non-GAAP financial measures: Q1 2024 – Q3 2025 results
Non-GAAP financial measures: Q1 2024 – Q3 2025 results Net Sales(1) ($M) 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 Americas $925.0 $1,121.1 $1,198.6 $1,255.9 $4,500.6 $1,185.3 $1,602.3 $1,712.4 APAC 332.3 409.1 432.4 544.0 1,717.8 447.2 560.2 519.8 EMEA 381.8 422.6 442.5 546.5 1,793.4 403.5 475.6 443.
Slide 19: Non-GAAP financial measures: Q1 2024 – Q3 2025 results
Non-GAAP financial measures: Q1 2024 – Q3 2025 results Reconciliation from operating profit (loss) margin to adjusted operating profit (loss) margin ($M) 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 Net sales $1,639.1 $1,952.8 $2,073.5 $2,346.4 $8,011.8 $2,036.0 $2,638.1 $2,675.8 Operating profit 202.6 3
Slide 20: Non-GAAP financial measures: Q1 2024 – Q3 2025 results
Non-GAAP financial measures: Q1 2024 – Q3 2025 results Reconciliation of segment operating profit (loss) to operating profit (loss) and adjusted operating profit (loss) ($M) 1Q24 2Q24 3Q24 4Q24 FY24 1Q25 2Q25 3Q25 Americas $187.8 $285.1 $303.4 $321.5 $1,097.8 $259.7 $384.6 $510.8 Asia Pacific 30.4 3
Slide 21: Non-GAAP financial measures – organic net sales growth reconciliation
Non-GAAP financial measures – organic net sales growth reconciliation Reconciliation of change in net sales to organic change in net sales Organic Net Sales Δ FX Δ growth Organic Δ % (1) ($M | 3rd QUARTER 2025) Americas: $513.8 $1.1 $514.9 43.0% Asia Pacific: 87.4 4.6 92.0 21.3% EMEA: 1.1 (18.8) (17
Slide 22: Guidance assumptions
Guidance assumptions Tariff Assumptions $Millions unless otherwise specified • Table below summarizes changes to key tariff rate assumptions from April and July guidance.* 4Q25 Assumption April July October Guidance Guidance Guidance CNY / USD 7.13 Countries: China 145% 30% 30% USD / EUR $1.17 India
Slide 23: Additional information
Additional information $Millions Effective Tax Rate Reconciliation (ETR) • Our ETR for 3Q25 was 19%, compared to prior guidance of 25%. Favorability primarily reflects discrete items such as the tax benefit related to stock-based compensation and return-to-provision adjustments, including optimized
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