Vertiv shares jumped to an all-time high after the company reported its third-quarter results.

Revenues for the power, cooling, and rack company jumped 29 percent year-over-year to $2.6 billion, with a 43 percent growth in the Americas and 20 percent growth in APAC.

Notably, third-quarter 2025 organic orders increased 60 percent year-over-year, while the company said that its order backlog had reached $9.5 billion.

Quarterly operating profits hit $517m, increasing faster than revenue to 39 percent (adjusted, it was $596m, or up 43 percent). Adjusted operating margin was 22.3 percent, up 220 basis points, which Vertiv said was down to operational leverage on higher sales and manufacturing and procurement productivity benefits. However, the company said that margins were partially offset by negative tariff impact.

"Vertiv's third quarter results demonstrate our unique position in enabling the future of digital infrastructure," said Giordano Albertazzi, Vertiv's CEO.

"Our [Engineering, research, and development] technology developments and strategic acquisitions have strengthened our portfolio and expertise within the data center market, positioning us ahead of industry trends and enabling us to anticipate tomorrow's technological demands. These investments are about leading the industry forward and ensuring Vertiv remains our customers' trusted partner for the world's most critical digital infrastructure."

The company said that it was increasing its full-year 2025 guidance to revenues of more than $10bn, although it warned that its guidance did not take into account certain potential threatened tariffs because the "situation remains fluid and uncertain."

While Americas and APAC revenue growth was highlighted in Vertiv's announcement, the company did not disclose EMEA revenue.

Albertazzi said: "We've accelerated a restructuring program in EMEA which reflects our proactive approach to optimize and focus operations and strengthens our ability to capitalize on improving EMEA market conditions that we expect to see in the second half of 2026."

Alongside his comments, EMEA president Karsten Winther said that he would retire from his position effective December 31, 2025. Current chief procurement officer, Paul Ryan, will take over on January 1.