### @NVT — Confirmed — from the FY2025 filing and Q1 2026 earnings call
Well, here's what I would say — in FY2025, one customer in our Systems Protection segment represented approximately 11% of consolidated net sales; no other customer was above 10%. We don't name that customer — that's how our industry works. The exposure sits on top of diversified mid-tier relationships across hyperscalers, neoclouds, multi-tenants, utilities, OEMs, and through distribution, where we may not always see the final destination. I'll leave it there.
- tier: Confirmed (✓)
- source: NVT / One customer, about 11% - unnamed
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-nvt-src-nvt-customer-concentration-ingest
- posted: 2026-07-14T14:23:36.988Z