Vertiv (VRT)
Builds and services power and cooling infrastructure for data centers and communication networks.
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Vertiv makes the power, cooling and physical framework that keep data centers and other critical computer rooms running. Most sales come from equipment, especially in the Americas, while service work follows the installed machines for years. The company is becoming a larger supplier of complete, factory-built systems as hotter, denser computing makes electricity and heat harder to manage.
Item facts: FY2025 · year ended Dec 31, 2025, from filings, earnings calls and company pages.
Judgment weights, not filed revenue
The band summarizes business focus and direction. ~ marks estimates.
5 in detail · 19 more below
Power Management
Vertiv's largest line keeps electricity clean, backed up and routed to each computer cabinet. It anchors a companywide $15.0 billion year-end order book; utility hookups and component delays decide how quickly those orders become finished projects.
Competes with Galaxy VXL modular power backup (Schneider Electric) · 9395XR modular power backup (Eaton)
In plain English
Start at the wall socket, then scale it up to a building packed with computers. Vertiv supplies the giant safety switches, backup batteries and metal power rails that clean up incoming electricity and carry it to each tall cabinet of machines.
Data-center operators pay for the equipment and a setup tailored to their building because even a brief power loss can stop costly computing. As each cabinet draws more electricity, customers need larger gear and more control at every step from the grid entrance to the machines.
Thermal Management
Heat removal is nearly as large as power and is the clearest expansion area, with liquid systems being added beside air cooling. Watch whether new factory capacity and acquired specialists turn demand into on-time deliveries.
Competes with MCDU-70 liquid-cooling distributor (Motivair by Schneider Electric) · CHx2000 liquid-cooling distributor (CoolIT Systems)
In plain English
Computer chips turn electricity into useful work and a great deal of heat. Vertiv removes that heat with room air conditioners, chillers and loops of liquid that run close to the chips, much like a car radiator carries heat away from its engine.
The operator pays for a cooling system sized to the building and for help starting it safely. Hotter machines need more pipes, pumps and heat-removal equipment, but air cooling still handles much of the installed base, so Vertiv must support old and new approaches together.
Services
Installation, maintenance, monitoring and spare parts brought in $1.839 billion in FY2025. Its job is to keep decades-old equipment working and turn each new project into years of follow-on work.
Competes with EcoCare data-center support (Schneider Electric) · PredictPulse equipment monitoring (Eaton)
In plain English
After the builders leave, Vertiv stays. Its technicians start the equipment, test it, replace worn parts, manage cooling liquid and watch connected machines for signs that something may fail.
Customers pay through service contracts, one-off repair visits, spare-parts purchases and monitoring subscriptions. It works like a maintenance plan for a building's most unforgiving machinery: avoiding an outage matters more than squeezing out the cheapest repair. Every newly installed power or cooling system enlarges the pool of equipment Vertiv can service later.
IT Systems
The steel cabinets and controls around the computers account for about one sales dollar in eleven. Denser, heavier machines force redesigns, while ordinary business and communications sites still buy through resellers.
Competes with APC NetShelter high-density racks (Schneider Electric) · VX IT modular racks (Rittal)
In plain English
Picture a data center without the computers: rows of tall steel cabinets, doors and dividers, power strips and small controls for reaching machines remotely. That physical shell is Vertiv's IT Systems line.
Operators pay for cabinets that fit the size, weight, cables, airflow and power needs of their machines. A new generation of denser computers can force a room to be rearranged, creating another sale. Vertiv also bundles these pieces with its power and cooling gear, while resellers place smaller systems at business and communications sites.
Infrastructure Solutions
This is the small base with room to grow: roughly one sales dollar in twenty comes from factory-built rooms and modules. Customers gain speed, but transport, permits or one late subsystem can hold up the whole project.
Competes with EcoStruxure Pod prefabricated data center (Schneider Electric) · xModular prefabricated systems (Eaton)
In plain English
A data-center room delivered like flat-pack furniture—except much of it arrives already assembled and tested. Vertiv combines power cabinets, cooling, racks and controls into modules, metal platforms or repeatable room-sized blocks at a factory.
Customers pay for the finished assembly and engineering because off-site work can reduce labor and mistakes at the building site. The sale is larger and more coordinated than shipping separate boxes. It also creates a chain reaction: if transport, permits or one internal system slips, the entire delivery can move later.
Power ManagementVertiv's largest line keeps electricity clean, backed up and routed to each computer cabinet. It anchors a companywide $15.0 billion year-end order book; utility hookups and component delays decide how quickly those orders become finished projects.Vertiv's largest line keeps electricity clean, backed up and routed to each computer cabinet. It anchors a companywide $15.0 billion year-end order book; utility hookups and component delays decide how quickly those orders become finished projects.
In plain English
Start at the wall socket, then scale it up to a building packed with computers. Vertiv supplies the giant safety switches, backup batteries and metal power rails that clean up incoming electricity and carry it to each tall cabinet of machines.
Data-center operators pay for the equipment and a setup tailored to their building because even a brief power loss can stop costly computing. As each cabinet draws more electricity, customers need larger gear and more control at every step from the grid entrance to the machines.
Competes with Galaxy VXL modular power backup (Schneider Electric) · 9395XR modular power backup (Eaton)
Thermal ManagementHeat removal is nearly as large as power and is the clearest expansion area, with liquid systems being added beside air cooling. Watch whether new factory capacity and acquired specialists turn demand into on-time deliveries.Heat removal is nearly as large as power and is the clearest expansion area, with liquid systems being added beside air cooling. Watch whether new factory capacity and acquired specialists turn demand into on-time deliveries.
In plain English
Computer chips turn electricity into useful work and a great deal of heat. Vertiv removes that heat with room air conditioners, chillers and loops of liquid that run close to the chips, much like a car radiator carries heat away from its engine.
The operator pays for a cooling system sized to the building and for help starting it safely. Hotter machines need more pipes, pumps and heat-removal equipment, but air cooling still handles much of the installed base, so Vertiv must support old and new approaches together.
Competes with MCDU-70 liquid-cooling distributor (Motivair by Schneider Electric) · CHx2000 liquid-cooling distributor (CoolIT Systems)
ServicesInstallation, maintenance, monitoring and spare parts brought in $1.839 billion in FY2025. Its job is to keep decades-old equipment working and turn each new project into years of follow-on work.Installation, maintenance, monitoring and spare parts brought in $1.839 billion in FY2025. Its job is to keep decades-old equipment working and turn each new project into years of follow-on work.
In plain English
After the builders leave, Vertiv stays. Its technicians start the equipment, test it, replace worn parts, manage cooling liquid and watch connected machines for signs that something may fail.
Customers pay through service contracts, one-off repair visits, spare-parts purchases and monitoring subscriptions. It works like a maintenance plan for a building's most unforgiving machinery: avoiding an outage matters more than squeezing out the cheapest repair. Every newly installed power or cooling system enlarges the pool of equipment Vertiv can service later.
Competes with EcoCare data-center support (Schneider Electric) · PredictPulse equipment monitoring (Eaton)
IT SystemsThe steel cabinets and controls around the computers account for about one sales dollar in eleven. Denser, heavier machines force redesigns, while ordinary business and communications sites still buy through resellers.The steel cabinets and controls around the computers account for about one sales dollar in eleven. Denser, heavier machines force redesigns, while ordinary business and communications sites still buy through resellers.
In plain English
Picture a data center without the computers: rows of tall steel cabinets, doors and dividers, power strips and small controls for reaching machines remotely. That physical shell is Vertiv's IT Systems line.
Operators pay for cabinets that fit the size, weight, cables, airflow and power needs of their machines. A new generation of denser computers can force a room to be rearranged, creating another sale. Vertiv also bundles these pieces with its power and cooling gear, while resellers place smaller systems at business and communications sites.
Competes with APC NetShelter high-density racks (Schneider Electric) · VX IT modular racks (Rittal)
Infrastructure SolutionsThis is the small base with room to grow: roughly one sales dollar in twenty comes from factory-built rooms and modules. Customers gain speed, but transport, permits or one late subsystem can hold up the whole project.This is the small base with room to grow: roughly one sales dollar in twenty comes from factory-built rooms and modules. Customers gain speed, but transport, permits or one late subsystem can hold up the whole project.
In plain English
A data-center room delivered like flat-pack furniture—except much of it arrives already assembled and tested. Vertiv combines power cabinets, cooling, racks and controls into modules, metal platforms or repeatable room-sized blocks at a factory.
Customers pay for the finished assembly and engineering because off-site work can reduce labor and mistakes at the building site. The sale is larger and more coordinated than shipping separate boxes. It also creates a chain reaction: if transport, permits or one internal system slips, the entire delivery can move later.
Competes with EcoStruxure Pod prefabricated data center (Schneider Electric) · xModular prefabricated systems (Eaton)
Named in filings, launches and programs
- Vertiv 360AIEcosystemAn umbrella tying together power, cooling, racks, service and ready-made designs for dense computing sites.
- Vertiv PowerDirect 5000Product · Pre-revenueAn 800-volt direct-current power sidecar in testing, with commercial launch targeted for early 2027.
- Medium-voltage battery backup architectureProduct · Pre-revenueA centralized battery backup design demonstrated in 2026; later direct-current pieces target testing in 2027 and deployment in 2028.
- NVIDIA GB200/GB300 reference designsEcosystemTested combinations showing how NVIDIA computing machines connect to Vertiv power and cooling.
- CoreWeave GB300 NVL72 deploymentCustomer programA customer installation announced in 2025 that combines Dell equipment with Vertiv cooling; no contract value was disclosed.
- VisionBay AI Taiwan programCustomer program · RampingA Taiwan project covering power, cooling and service, plus work on 800-volt direct-current power; no value was disclosed.
- Naval Postgraduate School GB300 packageCustomer programRacks, power, cooling and setup support delivered with NVIDIA to the school by July 2026.
- Hut 8 OneCore programCustomer program · RampingA collaboration to use Vertiv's factory-integrated OneCore system in selected Hut 8 projects; volume and value were not disclosed.
- Compass Datacenters SmartRun programCustomer programA jointly developed, repeatable building system already being deployed; no contract value was disclosed.
- Caterpillar/Solar Turbines BYOP&C architecturesEcosystem · AnnouncedProposed designs join on-site generators with Vertiv power, cooling and service; the agreement carried no purchase commitment.
- Oklo Aurora pilotCustomer program · Pre-revenueA possible power-and-cooling setup around Oklo's first powerhouse; no order value was disclosed.
- Bitzero collaborationCustomer program · AnnouncedA design-and-delivery collaboration for data-center projects announced in 2026, without a purchase commitment.
- UtilityInnovation GroupBrand · AnnouncedA pending acquisition meant to add small-grid controls and large safety switches; it had not closed by the map date.
- Great Lakes Data Racks & CabinetsBrandBought in 2025 to add North American custom manufacturing for denser computer cabinets.
- WaylayBrandSoftware acquired to watch connected equipment and predict maintenance needs.
- PurgeRiteBrandAcquired in 2025 to add cooling-liquid cleaning, management and startup services.
- BMarko StructuresBrandA 2026 acquisition adding custom metal structures for factory-built infrastructure.
- Strategic Thermal LabsBrandA 2026 acquisition adding liquid-cooling technology placed close to the computer itself.
- ThermoKeyBrandA 2026 acquisition adding equipment that transfers heat and releases it outside the data center.
Vertiv 360AIEcosystem
An umbrella tying together power, cooling, racks, service and ready-made designs for dense computing sites.
Vertiv PowerDirect 5000Product · Pre-revenue
An 800-volt direct-current power sidecar in testing, with commercial launch targeted for early 2027.
Medium-voltage battery backup architectureProduct · Pre-revenue
A centralized battery backup design demonstrated in 2026; later direct-current pieces target testing in 2027 and deployment in 2028.
NVIDIA GB200/GB300 reference designsEcosystem
Tested combinations showing how NVIDIA computing machines connect to Vertiv power and cooling.
CoreWeave GB300 NVL72 deploymentCustomer program
A customer installation announced in 2025 that combines Dell equipment with Vertiv cooling; no contract value was disclosed.
VisionBay AI Taiwan programCustomer program · Ramping
A Taiwan project covering power, cooling and service, plus work on 800-volt direct-current power; no value was disclosed.
Naval Postgraduate School GB300 packageCustomer program
Racks, power, cooling and setup support delivered with NVIDIA to the school by July 2026.
Hut 8 OneCore programCustomer program · Ramping
A collaboration to use Vertiv's factory-integrated OneCore system in selected Hut 8 projects; volume and value were not disclosed.
Compass Datacenters SmartRun programCustomer program
A jointly developed, repeatable building system already being deployed; no contract value was disclosed.
Caterpillar/Solar Turbines BYOP&C architecturesEcosystem · Announced
Proposed designs join on-site generators with Vertiv power, cooling and service; the agreement carried no purchase commitment.
Oklo Aurora pilotCustomer program · Pre-revenue
A possible power-and-cooling setup around Oklo's first powerhouse; no order value was disclosed.
Bitzero collaborationCustomer program · Announced
A design-and-delivery collaboration for data-center projects announced in 2026, without a purchase commitment.
UtilityInnovation GroupBrand · Announced
A pending acquisition meant to add small-grid controls and large safety switches; it had not closed by the map date.
Great Lakes Data Racks & CabinetsBrand
Bought in 2025 to add North American custom manufacturing for denser computer cabinets.
WaylayBrand
Software acquired to watch connected equipment and predict maintenance needs.
PurgeRiteBrand
Acquired in 2025 to add cooling-liquid cleaning, management and startup services.
BMarko StructuresBrand
A 2026 acquisition adding custom metal structures for factory-built infrastructure.
Strategic Thermal LabsBrand
A 2026 acquisition adding liquid-cooling technology placed close to the computer itself.
ThermoKeyBrand
A 2026 acquisition adding equipment that transfers heat and releases it outside the data center.