Vertiv Holdings Co. reported second-quarter 2025 revenue of $2.64 billion, beating the $2.28 billion consensus estimate, while adjusted earnings rose 42% to $0.95 a share, ahead of the $0.83 expected. Net sales increased 35% year over year, and operating profit climbed 32%. Stronger demand for data-center and artificial-intelligence infrastructure lifted orders 15% and kept the book-to-bill ratio at 1.2, expanding the backlog to $8.5 billion. The company now sees full-year revenue of $9.93 billion to $10.08 billion and adjusted earnings of $3.75 to $3.85 a share, up from a prior EPS forecast of $3.55. For the third quarter it projects revenue of $2.51 billion to $2.59 billion and adjusted EPS of $0.94 to $1.00. The results sent Vertiv shares up roughly 9% in early trading on 30 July, reversing much of the decline that followed Amazon Web Services’ announcement of an internally designed liquid-cooling system earlier in the month. Multiple Wall Street banks, including Evercore ISI, JPMorgan and Bank of America, reiterated bullish ratings during the selloff, arguing that AWS will continue to source key hardware from suppliers such as Vertiv. Bank of America and Evercore both carry $150 price targets, while JPMorgan is at $127.