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Vertiv posts solid Q1 2026 results but backlog uncertainty weighs on stock outlook

Company Fundamentals
24 Apr 2026
Seeking Alpha
View Source
Neutral
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Vertiv Holdings reported solid Q1 2026 earnings with revenue of $2.65 billion and adjusted EPS of $1.17, beating expectations. However, the company did not disclose its backlog, creating uncertainty for investors ahead of the May investor conference. Management remains optimistic about demand and expects orders to grow year over year in 2026. The stock trades at 48 times forward earnings and may see a pause in gains unless new guidance is provided at the upcoming conference.

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