Investor Day Preview: Expect Higher LT Targets, Strategy Update

研报英文原文证据摘录

Investor Day Preview: Expect Higher LT Targets, Strategy Update

USA | Multi-Industrials

Vertiv EquityMayResearch14, 2026

TARGET CHANGEInvestor Day Preview: Expect Higher LT Targets,

RATING HOLDStrategy Update

PRICE $369.99^

VRT is hosting an investor event next week. We expect mgmt to raise annual

12-14% organic growth and 25% margin targets from 2024, although Street PRICE TARGET | % TO PT $340.00 ($305.00) | -8%

expectations are already significant higher. Prior data center capacity forecasts 52W HIGH-LOW $377.77 - $101.00

(100 GW cumulative from 2023-2029, 13–20 GW per year) and VRT sales FLOAT (%) | ADV MM (USD) 96.2% | 2,014.80

opportunity ($2.75-3.5m per MW) are also likely to be revised higher. A key MARKET CAP $145.1B

question is whether VRT can drive both higher margins and significant capacity TICKER VRT ^Prior trading day's closing price unless otherwise

additions. noted.

Multi-Day Investor Conference. VRT will host a 2-day investor conference next week in Greenville, FY (Dec) CHANGE TO JEFe JEF vs CONS

SC. Tuesday will cover strategic priorities, product innovation, updated LT financial outlook, and 2026 2027 2026 2027

mgmt's latest view on market trends. Wednesday will focus on technology innovation, including a REV NA NA NA NA

tour of its SC infrastructure solutions facility.

EPS NA NA -1% -7%

Higher LT Growth Targets. VRT has exceeded its prior 12-14% LT organic growth target, delivering

26% growth in 2025, and 2026 guidance calls for +30%. DC capex has run well ahead of 2026 ($) Q1A Q2 Q3 Q4 FY

assumptions embedded in prior targets. Growth has also benefited from shift to larger, integrated EPS 1.17 1.40 1.79 1.99 6.35

system sales vs products, with only a handful of suppliers capable of meeting demand. Recent order PREV