Vertiv beats Q3 expectations and raises 2026 outlook while Enphase misses and cuts guidance
Vertiv reported third‑quarter net sales of $4.31 billion, up 61% year‑over‑year, and organic orders that more than doubled, prompting the stock to jump about 15% in pre‑market trading and leading the company to lift its 2026 revenue target to $14.45‑$14.85 billion. Enphase posted third‑quarter revenue of $293.33 million, below consensus, and warned that fourth‑quarter revenue will fall to $225‑$255 million, sending its shares down roughly 16% pre‑market. Both companies’ results moved other AI‑linked stocks, with SK Hynix posting record operating profit and NXP seeing a modest decline despite strong earnings.
Why it matters
Vertiv’s raised outlook suggests stronger demand for data‑center power and cooling equipment, which could boost revenue growth for AI‑related suppliers. Enphase’s weaker guidance signals a slowdown in residential solar demand, likely pressuring solar‑technology stocks and related revenue forecasts.
Key facts
- 1Vertiv’s net sales grew 61% to $4.31 billion in Q3 2026. 247wallst.com
- 2Vertiv’s organic orders grew more than 100% year‑over‑year. 247wallst.com
- 3Vertiv raised its 2026 sales outlook to $14.45 billion‑$14.85 billion. 247wallst.com
- 4Vertiv’s adjusted EPS for Q3 was $2.21, above the $1.82 consensus. investing.com
- 5Enphase’s Q3 revenue was $293.33 million, missing the $305.15 million consensus. 247wallst.com
- 6Enphase forecast Q4 revenue of $225 million‑$255 million, below analyst expectations of about $300.5 million. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.