Vertiv (VRT) Stock Plunges ~17% After Q2 Revenue Miss, CEO Calls It 'Temporary Issue' Citing Raised Full-Year Guidance
Vertiv (VRT) shares fell approximately 17% on July 29 after the AI infrastructure company reported second-quarter revenue of $3.27 billion, missing Wall Street expectations of $3.38 billion, despite beating earnings per share estimates. CEO Giordano Albertazzi stated on CNBC that the revenue shortfall was a "temporary issue" due to supply-chain congestion and multi-phased project execution, emphasizing that the company's long-term trajectory remains unchanged. Vertiv subsequently raised its full-year 2026 net sales outlook to $13.8 billion - $14.2 billion (from $13.5 billion - $14 billion) and adjusted earnings to $6.65 - $6.75 per share (from $6.30 - $6.40).
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