[{"data":1,"prerenderedAt":203},["ShallowReactive",2],{"triple-beat-VRT":3,"og-beat-monitoring-VRT":202},{"ticker":4,"name":5,"description":6,"epsLabel":7,"guidanceLabel":8,"stockLabel":9,"quarters":10,"tableNotes":157,"highlightQuarter":90,"highlightDescription":164,"sources":165,"latestStock":199},"VRT","Vertiv Holdings","Vertiv（VRT）はデータセンター向けの電源（UPS・配電）と冷却（液冷・空調）を手がけるクリティカル・デジタルインフラの専業大手。AIサーバーの高発熱・高消費電力で液冷と高密度電源の需要が急伸し、直近5四半期は調整後EPS 5勝0敗・売上もほぼ連続ビート、通年ガイダンスを毎期上方修正する連続ビート&レイズ。先行指標の有機受注はQ3 2025で+60% YoY、Q4 2025には+252% YoY（book-to-bill約2.9x）に跳ね、バックログは$15.0B（+109%）へ倍増した。評価の決め手となったQ4 2025（2026/2/11）はFY26ガイダンスがStreet予想を大きく上回り株価が1日で+24.5%急騰。株価は直近1年で約4倍、時価総額は約$121B。","EPS ($, 調整後 希薄化後)","通年売上ガイド (midpoint, $B)","株価反応 ($)",[11,39,63,89,115,141],{"quarter":12,"reportDate":13,"event":14,"revenue":15,"eps":20,"guidance":24,"stock":35},"Q1 2025","2025/4/23","売上+24%・有機受注堅調（B/B約1.4x）・バックログ$7.9B。FY25ガイダンスを上方修正した好スタートで翌日+8.6%",{"actual":16,"consensus":17,"beatPct":18,"yoyPct":19},"$2.04 B","$2.01 B",1.5,24.2,{"actual":21,"consensus":22,"beatPct":23},"$0.64","$0.62",3.2,{"revenue":25,"eps":25,"fullYearLabel":26,"fullYearRevenue":27,"fullYearEps":31},null,"FY25",{"company":28,"consensus":29,"beatPct":30},"$9.45 B","$9.17 B",3.1,{"company":32,"consensus":33,"beatPct":34},"$3.55","$3.54",0.3,{"reportClose":36,"nextClose":37,"changePct":38},"$71.82","$78.00",8.6,{"quarter":40,"reportDate":41,"event":42,"revenue":43,"eps":48,"guidance":52,"stock":59},"Q2 2025","2025/7/30","売上$2.64B（+35%）の大幅ビート、有機受注+15%・バックログ$8.5B。FY25ガイダンス全項目を上方修正も、織り込み済みで翌日+1.0%",{"actual":44,"consensus":45,"beatPct":46,"yoyPct":47},"$2.64 B","$2.36 B",11.9,35.1,{"actual":49,"consensus":50,"beatPct":51},"$0.95","$0.83",14.5,{"revenue":25,"eps":25,"fullYearLabel":26,"fullYearRevenue":53,"fullYearEps":56},{"company":54,"consensus":28,"beatPct":55},"$10.00 B",5.8,{"company":57,"consensus":32,"beatPct":58},"$3.80",7,{"reportClose":60,"nextClose":61,"changePct":62},"$142.70","$144.17",1,{"quarter":64,"reportDate":65,"event":66,"revenue":67,"eps":72,"guidance":76,"stock":85},"Q3 2025","2025/10/22","有機受注が+60% YoY/+20% QoQに加速、B/B約1.4x・バックログ$9.5B。adj EPS$1.24（+24%ビート）も記録的受注の中で株価は小反落−1.8%",{"actual":68,"consensus":69,"beatPct":70,"yoyPct":71},"$2.68 B","$2.59 B",3.5,29,{"actual":73,"consensus":74,"beatPct":75},"$1.24","$1.00",24,{"revenue":25,"eps":25,"fullYearLabel":26,"fullYearRevenue":77,"fullYearEps":81},{"company":78,"consensus":79,"beatPct":80},"$10.20 B","$10.08 B",1.2,{"company":82,"consensus":83,"beatPct":84},"$4.10","$3.82",7.3,{"reportClose":86,"nextClose":87,"changePct":88},"$174.80","$171.59",-1.8,{"quarter":90,"reportDate":91,"event":92,"revenue":93,"eps":97,"guidance":101,"stock":111},"Q4 2025","2026/2/11","有機受注+252% YoY/+117% QoQ、B/B約2.9x・バックログ$15.0B（+109%）。FY26ガイダンスがStreet予想を大幅超過し翌日+24.5%急騰",{"actual":94,"consensus":94,"beatPct":95,"yoyPct":96},"$2.88 B",0.1,22.8,{"actual":98,"consensus":99,"beatPct":100},"$1.36","$1.29",5.4,{"revenue":25,"eps":25,"fullYearLabel":102,"fullYearRevenue":103,"fullYearEps":107},"FY26",{"company":104,"consensus":105,"beatPct":106},"$13.50 B","$12.41 B",8.8,{"company":108,"consensus":109,"beatPct":110},"$6.02","$5.31",13.4,{"reportClose":112,"nextClose":113,"changePct":114},"$199.62","$248.51",24.5,{"quarter":116,"reportDate":117,"event":118,"revenue":119,"eps":124,"guidance":128,"stock":137},"Q1 2026","2026/4/22","adj EPS$1.17（+15%ビート）・有機売上+23%（Americas有機+44%）。売上は僅差ミスだがFY26ガイドを再上方も翌日−2.3%",{"actual":120,"consensus":121,"beatPct":122,"yoyPct":123},"$2.65 B","$2.66 B",-0.4,30.2,{"actual":125,"consensus":126,"beatPct":127},"$1.17","$1.02",14.7,{"revenue":25,"eps":25,"fullYearLabel":102,"fullYearRevenue":129,"fullYearEps":133},{"company":130,"consensus":131,"beatPct":132},"$13.75 B","$13.65 B",0.7,{"company":134,"consensus":135,"beatPct":136},"$6.35","$6.08",4.4,{"reportClose":138,"nextClose":139,"changePct":140},"$312.44","$305.14",-2.3,{"quarter":142,"reportDate":143,"isForecast":144,"event":145,"revenue":146,"eps":149,"guidance":151,"stock":156},"Q2 2026","2026/7/29",true,"2026/7/29 BMO 発表予定。2026/6/22時点のアナリスト予想は当期売上 $3.38 B / 非GAAP EPS $1.42、次Q (3Q 2026) 売上 $3.71 B / EPS $1.78（Koyfin 集約コンセンサス）。",{"actual":147,"consensus":148,"beatPct":25,"yoyPct":25},"n/a","$3.38 B",{"actual":147,"consensus":150,"beatPct":25},"$1.42",{"revenue":152,"eps":154},{"company":147,"consensus":153,"beatPct":25},"$3.71 B",{"company":147,"consensus":155,"beatPct":25},"$1.78",{"reportClose":147,"nextClose":147,"changePct":25},[158,159,160,161,162,163],"Q2 2026（2026/7/29 発表予定）はアナリスト予想のみ先行入力。当期 売上$3.38 B / EPS$1.42、次Q (3Q 2026) 売上$3.71 B / EPS$1.78 はいずれも 2026/6/22 時点で参照可能な Koyfin 集約コンセンサス。会社ガイダンス・実績・反応は発表後に更新する。","Vertiv は暦年会計（12月決算）。四半期ラベルは暦年表記（Q1 2025 = 2025年1〜3月期）。決算は毎回米国市場の寄り前(BMO)に発表されるため、reportClose = 発表前営業日の終値、nextClose = 発表当日（反応日）の終値とした。","EPS は Vertiv の調整後（非GAAP）希薄化後EPS、売上はGAAP純売上。実績・会社ガイダンスは Vertiv 公式IR / SEC EDGAR 8-K の一次情報。実績のコンセンサスは Zacks / LSEG / Investing.com 集計の代表値（提供元により±数%の差を含む）。株価終値は stockanalysis.com と Yahoo Finance の2ソースで照合し、騰落率 =（翌日終値÷発表日終値−1）×100 を自己計算で検証した。","ガイダンスは Vertiv が毎期更新する通年（full-year）見通しの midpoint を採用した（Vertiv は次四半期ガイドも開示するが、本表では連続上方修正が一覧できる通年ガイドに統一）。対象会計年度は Q1〜Q3 2025=FY25、Q4 2025以降=FY26 とロールする（各バー下のFYラベル参照）。FY25 売上ガイド midpoint は $9.45B→$10.00B→$10.20B、FY26 は $13.50B→$13.75B と一貫して切り上げた（調整後EPSも FY25 $3.55→$3.80→$4.10、FY26 $6.02→$6.35）。","通年ガイドの『アナリスト予想』は、各発表当時の point-in-time コンセンサスを x-search（Grok）で収集した決算当日前後の株式系アカウント投稿（@wallstengine の『Est.』表記／@TheValueist の Bloomberg Consensus 転載）から採用した（複数あれば中央値）。FY26 の Q4 2025（売上$12.41B・EPS$5.31）は @wallstengine $12.39B/$5.33 と Bloomberg $12.43B/$5.29 の中央値。Q2 2025（FY25 上方修正）は 2025/7/30 の @TheValueist（Bloomberg Consensus $9.48B/$3.54）、@IncredibleTrade、@BDI_LLC、@StockSavvyShay 等 8 件以上の post から FY25 売上 $9.45B / EPS $3.55 を採用。Q1 2026（FY26 上方修正）は 2026/4/22 の @StockSavvyShay『Est. $13.6B / $6.08』と @equitydd『consensus $13.7B』の median $13.65B、EPS は @StockSavvyShay の $6.08 と @BankTheTrade の『FY26 EPS above consensus』の整合性から $6.08 を採用（EPS は単一の明示引用のため tier B 信頼度）。","有機受注（organic orders）・book-to-bill(B/B)・バックログは Vertiv が各四半期に開示する受注指標で、AIデータセンター需要の先行指標。Q4 2025 の有機受注+252%・B/B約2.9x・バックログ$15.0Bが市場の評価転換の決め手となった。","決定的だったのはQ4 2025（2026/2/11発表）。売上$2.88B（YoY+22.8%）・調整後EPS$1.36（+5.4%ビート）のヘッドライン自体は堅実な範囲だったが、本質は受注の非連続な加速とFY26ガイダンスの強さ。有機受注は+252% YoY/+117% QoQ、book-to-billは約2.9x、受注残（バックログ）は$15.0B（+109%）へ倍増し、AIデータセンターの電源・冷却需要が数字で可視化された。これを受けてFY26ガイダンスを売上midpoint$13.50B・調整後EPS$6.02と、当時のStreet予想（売上$12.41B・EPS$5.31）を売上+8.8%・EPS+13.4%上回る水準で提示し、株価は発表当日に$199.62→$248.51（+24.5%）と急騰、月間でも+37%となった。直前のQ3 2025（有機受注+60%・adj EPS+24%ビート）が記録的受注にもかかわらず株価−1.8%だったのとは対照的に、Q4で『受注の加速＋通年ガイドの跳ね上げ』が揃ったことで評価軸が切り替わった。続くQ1 2026も調整後EPS+15%ビート・有機売上+23%でFY26ガイドを$13.75Bへ再上方修正したが、売上が僅差ミスで翌日は−2.3%と、ヘッドラインのビート幅より受注とガイドの方向で株価が動く性格は残る。最初の四半期反応（2025/4 $78.00）から足元$315.71まで約4倍。",[166,169,172,175,178,181,184,187,190,193,196],{"label":167,"url":168},"Vertiv Q1 2025 Results 8-K (SEC EDGAR, ex99.1)","https://www.sec.gov/Archives/edgar/data/0001674101/000162828025018915/q12025exhibit991vrt042325.htm",{"label":170,"url":171},"Vertiv Q2 2025 Results 8-K (SEC EDGAR, ex99.1)","https://www.sec.gov/Archives/edgar/data/0001674101/000167410125000006/q22025exhibit991vrt7302025.htm",{"label":173,"url":174},"Vertiv Q3 2025 Results 8-K (SEC EDGAR, ex99.1)","https://www.sec.gov/Archives/edgar/data/0001674101/000167410125000020/q32025exhibit991vrt10222025.htm",{"label":176,"url":177},"Vertiv Q4 2025 Results 8-K (SEC EDGAR, ex99.1)","https://www.sec.gov/Archives/edgar/data/1674101/000167410126000006/exhibit991vrt02112026.htm",{"label":179,"url":180},"Vertiv Q1 2026 Results 8-K (SEC EDGAR, ex99.1)","https://www.sec.gov/Archives/edgar/data/0001674101/000162828026026379/q12026exhibit991vrt04222026.htm",{"label":182,"url":183},"Zacks/sharewise: Vertiv Q3 2025 EPS $1.24 vs $1.00, revenue beat","https://www.sharewise.com/us/news_articles/Vertiv_Holdings_Co_VRT_Q3_Earnings_and_Revenues_Top_Estimates_Zacks_20251022_1305",{"label":185,"url":186},"Nasdaq/Zacks: Vertiv Q2 2025 earnings surprise +14.5%","https://www.nasdaq.com/articles/vertiv-holdings-co-vrt-q2-earnings-and-revenues-surpass-estimates",{"label":188,"url":189},"Nasdaq/Zacks: Vertiv Q4 2025 EPS $1.36, FY26 guidance","https://www.nasdaq.com/articles/vertiv-q4-earnings-beat-estimates-net-sales-y-y-shares-fall",{"label":191,"url":192},"Zacks: Vertiv Q1 2026 tops earnings estimates","https://www.zacks.com/stock/news/2905109/vertiv-holdings-co-vrt-tops-q1-earnings-estimates",{"label":194,"url":195},"Motley Fool: Vertiv +37% in Feb 2026 (FY26 guidance above Street)","https://www.fool.com/investing/2026/03/04/vertiv-vrt-stock-earnings-best-ai-stocks-2026/",{"label":197,"url":198},"stockanalysis.com VRT 概要（株価・時価総額）","https://stockanalysis.com/stocks/VRT/",{"date":200,"close":201},"2026-06-18","$333.05","https://log.eurekapu.com/og/pages/general/beat-monitoring-VRT.png?title=VRT%20Vertiv%20Holdings%20-%20%E3%83%93%E3%83%BC%E3%83%88%E3%83%A2%E3%83%8B%E3%82%BF%E3%83%AA%E3%83%B3%E3%82%B0&sig=c44527bf415df76b",1782528865150]