维谛技术 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the Quarterly period ended March31, 2026or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934For the transition period from __to__Commission File No. 001-38518Vertiv Holdings Co(Exact name of registrant as specified in its charter)Delaware(State or other jurisdiction ofincorporation or organization)81-2376902(I.R.S EmployerIdentification No.)505 N. Cleveland Ave., Westerville, Ohio 43082(Address of principal executive offices including zip code)614-888-0246(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on whichregistered New York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act: If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in 12b-2 of the Exchange Act).Yes☐No☒ As of April20, 2026, there were 384,108,816 shares of the Company’s Class A common stock, par value $0.0001, outstanding. TABLE OF CONTENTS Item 1.Financial Statements (Unaudited)Condensed Consolidated Statements of Earnings (Loss)Condensed Consolidated Statements of Comprehensive Income (Loss)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of Cash FlowsCondensed Consolidated Statements of Changes in Shareholders’ Equity (Deficit)Notes to Condensed Consolidated Financial Statements (Unaudited)Item 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures Item 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.Exhibits ITEM 1. UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)VERTIV HOLDINGS CO(Dollars in millions) Three months endedMarch 31, 2026Three months endedMarch 31, 2025Net income (loss)$390.1$164.5Other comprehensive income (loss), net of tax:Foreign currency translation(40.3)77.1Interest rate swaps(47.2)(9.7)Pension(0.3)—Foreign currency exchange forwards(6.6)6.2Other comprehensive income (loss), net of tax:(94.4)73.6Comprehensive income (loss)$295.7$238.1 UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETSVERTIV HOLDINGS CO(Dollars in millions) March 31, 2026December 31, 2025 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWSVERTIV HOLDINGS CO(Dollars in millions) UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT)VERTIV HOLDINGS CO(Dollars in millions) Vertiv Holdings Co Notes to Condensed Consolidated Financial Statements (Unaudited) (Dollars in millions, except per share amounts) (1) DESCRIPTION OF BUSINESS Vertiv Holdings Co (“Holdings Co”, and together with its majority-owned subsidiaries, “Vertiv”, “we”, “our”, or “theCompany”), provides mission-critical digital infrastructure technologies and life cycle services primarily for data centers,communication networks, and commercial and industrial environments. Vertiv’s offerings include AC and DC powermanagement,thermal management,low/medium voltage switchgear,busbar,air cooled and liquid cooled thermalmanagement products, integrated modular solutions, racks, single phase UPS, rack power distribution, rack thermalsystems, configurable integrated solutions, energy storage solutions, hardware, software for managing IT equipment,management systems for monitoring and controlling digital infrastructure, and services. Vertiv manages and reportsresults of operations for three business segments: Americas; Asia Pacific; an