AI datacenter power & cooling

Vertiv

Supplies the physical infrastructure of AI datacenters (power, thermal, liquid cooling, racks). FY2025 revenue $10.23B (+28%), backlog $15B. As rack power jumped from 10-20kW to 100kW+, liquid cooling became mandatory, and Vertiv is a world leader in chip liquid cooling. Customers are hyperscalers, colos and telecoms.

VRT Updated Jun 21, 2026

Annual return · 2026-06-18'21+33.9%'22-45.3%'23+251.6%'24+136.9%'25+42.8%YTD+105.7%

Money in ▸하이퍼스케일러·콜로 (전력·냉각)●Revenue ~$10.2BAI 데이터센터·통신 (전력·열)◐

VertivFY2025 revenue $10.23B

▸ Money out전력·냉각 부품·소재 (비공개)○R&D·엔지니어 (비공개)○

Financials & Segments

Total revenue · FY2025 revenue $10.23B (+28%)
Customer concentration · Hyperscalers, colos, telecoms. $15B backlog.
Segments · Power management · Thermal/liquid cooling · Racks/services

Revenue from

하이퍼스케일러·콜로 (전력·냉각) High confidence· Revenue ~$10.2B · 2025 · FY2025 revenue (+28%)
Supplies AI-datacenter power and liquid-cooling infrastructure to hyperscalers and colos.
Confirms EN SEC EDGAR Published Feb 1, 2026: "Vertiv FY2025 revenue $10.23B (+28%), $15B backlog."
Confirms KO e4ds news Published Sep 1, 2025: "At 100kW+ per rack, liquid cooling is mandatory; Vertiv leads."
Confirms EN Vertiv Published Jun 1, 2025: "At 100kW+ per rack, liquid cooling is mandatory; Vertiv leads."
AI 데이터센터·통신 (전력·열) Medium confidence
Supplies power/thermal to AI/HPC datacenters and telecoms.
Confirms KO KHARN Published Jan 1, 2025: "Surging AI-datacenter heat drives power/cooling demand."

Pays to

전력·냉각 부품·소재 (비공개) Low confidence
Power-electronics and cooling components/materials.
Confirms EN Vertiv Published Jun 1, 2025: "Sources parts for power/thermal-management gear."
R&D·엔지니어 (비공개) Low confidence
Liquid-cooling/power R&D (e.g., CoolTera acquisition).
Confirms KO e4ds news Published Sep 1, 2025: "Internalized high-density liquid cooling via CoolTera."

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