Shares of Vertiv Holdings LLC plunged 15.36% during intraday trading on Wednesday, as investors reacted sharply to the company’s second-quarter revenue falling short of Wall Street expectations. The steep decline wiped out gains and came despite the data-center infrastructure provider delivering stronger-than-expected earnings and raising its full-year guidance.

Vertiv reported Q2 revenue of $3.27 billion, a 24% increase from the prior year, but below the consensus analyst estimate of $3.38 billion. Adjusted earnings per share came in at $1.52, beating the $1.42 forecast, and the company lifted its full-year 2026 outlook across all key metrics. However, the revenue miss, which the company attributed to minor timing shifts caused by temporary supply chain congestion and multi-phase project execution as deployments scale in size and complexity, dominated market sentiment.

The sell-off reflects heightened investor sensitivity to top-line growth for AI-linked infrastructure companies, even as Vertiv emphasized robust demand for artificial intelligence and general compute infrastructure. The company’s raised guidance—now targeting $13.8 billion to $14.2 billion in net sales and adjusted EPS of $6.65 to $6.75—was not enough to offset concerns over near-term execution challenges.