By Rob Curran

Shares of Vertiv rose after the maker of data-center technology posted robust third-quarter earnings and sales growth, forecast further gains in the fourth quarter and boosted its growth projections for the year, the latest evidence of an artificial-intelligence boom rippling through the economy.

The Westerville, Ohio, company posted earnings of $398.5 million, or $1.02 a share, more than double the $176.6 million, or 46 cents a share, earned a year earlier.

Adjusted earnings came to $1.24 a share. Analysts were looking for 98 cents, according to FactSet.

Sales surged 29% to $2.68 billion, surpassing the $2.58 billion average analyst target.

Vertiv forecast adjusted fourth-quarter earnings in a range between $1.23 and $1.29 a share, against analyst estimates of $1.24. It projected fourth-quarter revenue rising to a range between $2.81 billion and $2.89 billion. Analysts are seeking $2.81 billion.

For the full year, the company boosted its adjusted-earnings projection to a range between $4.07 and $4.13 a share. Analysts are looking for $3.82 per share.

Major Silicon Valley companies are spending billions of dollars on building out hyperscale data centers to provide the phenomenal computing power required for AI models.

Shares of Vertiv rose 6.8% to $186.65 premarket.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

October 22, 2025 06:52 ET (10:52 GMT)

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