Vertiv is riding strong demand for AI infrastructure as hyperscalers, colocation providers, neocloud operators and enterprises expand data-center capacity, delivering a robust global pipeline and 24% year-over-year net sales growth in the second quarter, led by 29% growth in both the Americas and APAC with positive momentum in EMEA.

Vertiv now projects third-quarter 2026 net sales in a range of roughly $3.65 billion to $3.85 billion, signaling continued momentum in AI and digital infrastructure leadership.

Broadcom’s custom AI accelerators remain a key growth driver, delivering Ironwood TPU v7, initiating shipments of Google’s next-generation TPU v8i, and shipping OpenAI’s Jalapeno accelerator, with Meta’s MTIA accelerator expected to enter production in Q4.

Broadcom’s AI networking momentum is strong, supported by Tomahawk 6 and Tomahawk Ultra Ethernet switches, optical interconnects and PCIe switching, reinforcing its role as a comprehensive AI infrastructure provider.

Vertiv’s technology portfolio emphasizes power infrastructure evolution, supporting AC and emerging 800V DC solutions, and collaborations with NVIDIA and Foxconn’s VisionBay AI have enabled landmark projects like Taiwan’s first AI data center with NVIDIA GB300 and the world’s first AI data center using 800V DC architectures.

Vertiv announced the planned acquisition of UtilityInnovation Group for about $1.45 billion in cash plus up to $1.15 billion in performance-based payments, expanding into microgrid controls, onsite generation, energy-storage orchestration, specialized switchgear and behind-the-meter power architecture; the deal is expected to close in Q4 2026 and acquisitions contributed about 5% of Q2 2026 revenues.

Broadcom projects strong AI revenue trajectory, guiding Q4 fiscal 2026 AI revenues to about $21.7 billion (up 236% YoY) and fiscal 2026 AI revenues around $58 billion, with supply secured to support roughly $115 billion in AI semiconductor revenues for fiscal 2027 and a potential path to approximately $230 billion by fiscal 2028 as AI compute deployments expand.

Broadcom is benefiting from surging AI infrastructure investments, with AI semiconductor revenues rising 221% YoY and 54% sequentially in Q3 fiscal 2026 to $16.7 billion (representing 56% of total revenues), driven by XPUs and AI networking.