Vertiv Holdings, a provider of thermal management and power infrastructure solutions for data centers, is benefiting from surging demand for AI-related hardware deployment. The company achieved 27.5% revenue growth in 2025, reaching $10.2 billion in total revenue, while adjusted earnings increased 47% year-over-year, demonstrating operational leverage as the company scales to meet market needs.
The infrastructure provider is supported by a substantial $15 billion revenue backlog, primarily driven by hyperscaler investments in AI capabilities and data center expansion. This backlog provides visibility into near-term revenue generation and reflects the sustained capital allocation by major technology companies building out AI infrastructure.
Management has issued guidance for 32% revenue growth in 2026, suggesting continued momentum in hyperscaler spending. Trading at 9x sales, Vertiv's valuation reflects current market conditions for infrastructure providers serving the AI sector, positioning the company to capitalize on the ongoing buildout of data center capacity required for artificial intelligence applications.