Electrical Equipment
In Q2 FY2026, Vertiv Holdings Co achieved strong financial performance with net sales increasing 24.1% year-over-year to $3.27B and net income rising 53.5% to $497.8M, driven by robust demand for data center infrastructure supporting artificial intelligence applications.
Key risk: Restrictive Debt Covenants and Consolidated Leverage Limits
Vertiv's revolving credit facility and note indentures contain strict operational covenants, including a maximum Consolidated Leverage Ratio requirement of 4.00:1.00. A covenant breach could trigger default events, debt acceleration, cross-defaults across debt obligations, and loss of borrowing capability.
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