Vertiv (VRT) reported Q1 adjusted earnings Wednesday of $1.17 per diluted share, up from $0.64 a year earlier.

Analysts polled by FactSet expected $1.00.

Revenue for the quarter ended March 31 was $2.65 billion, up from $2.04 billion a year earlier.

Analysts surveyed by FactSet expected $2.64 billion.

For Q2, the data center technology company expects adjusted EPS of $1.37 to $1.43 and revenue of $3.25 billion to $3.45 billion. Analysts polled by FactSet expect $1.43 and 3.40 billion, respectively.

For 2026, the company lifted its adjusted EPS guidance and revenue guidance to $6.30 to $6.40 and $13.50 billion to $14.00 billion, respectively, from its previous projection of adjusted EPS of $5.97 to $6.07 and revenue of $13.25 billion to $13.75 billion. Analysts polled by FactSet expect $6.12 and $13.63 billion, respectively.

Shares of the company were down 4.6% in premarket activity.