Vertiv Holdings Co stock research
FY2026 Q1
Vertiv Holdings (VRT) Gross Margin — Quarter Ended Mar 31, 2026
Revenue and gross profit both decreased from the prior quarter but increased compared to the same quarter last year. Gross margin weakened sequentially but improved year-over-year, reflecting a mixed performance across the two comparison periods.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue and gross profit both decreased from the prior quarter but increased compared to the same quarter last year. Gross margin weakened sequentially but improved year-over-year, reflecting a mixed performance across the two comparison periods.
- The strongest observable margin driver is the year-over-year improvement in gross margin, which rose from the prior year's level despite a sequential decline. This indicates a favorable long-term trend in the relationship between revenue and cost of revenue.
- Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were all lower. Compared to the same quarter one year earlier, revenue and gross profit were higher, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
37.7%
Gross profit
$999.7M
Revenue
$2.6B
Cost of revenue
$1.6B
Quarter-over-quarter change
-1.2 pts
Year-over-year change
+4.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $2.6B | $896.6M | $1.7B | 34.0% |
| Sep 30, 2025 | $2.7B | $1.0B | $1.7B | 37.8% |
| Dec 31, 2025 | $2.9B | $1.1B | $1.8B | 38.9% |
| Mar 31, 2026 | $2.6B | $999.7M | $1.6B | 37.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-1.2 pts
Year-over-year change
Mar 31, 2025
+4.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the year-over-year improvement in gross margin, which rose from the prior year's level despite a sequential decline. This indicates a favorable long-term trend in the relationship between revenue and cost of revenue.
Compared to the immediately preceding quarter, revenue, gross profit, and gross margin were all lower. Compared to the same quarter one year earlier, revenue and gross profit were higher, and gross margin improved.
Monitor the trajectory of gross margin in the upcoming quarter to see if the sequential weakening persists or reverses.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Vertiv Holdings Co (VRT) | 37.7% |