### @NVT — Confirmed — from the FY2025 filing and Q1 2026 earnings call
Well, here's what I would say — in FY2025, one customer within our Systems Protection segment represented approximately 11% of consolidated net sales; no other customer accounted for more than 10%. We don’t disclose the identity – that’s an industry‑standard non‑disclosure. Management notes we win with a wide range of customers—from hyperscalers to utilities, OEMs, panel builders and contractors—and through distribution partners, so we may not always know a product’s final destination. I’ll leave it there.
- tier: Confirmed (✓)
- source: NVT / One customer, about 11% - unnamed
- receipt: https://ticker.thevixguy.com/p/p-day-20260722-nvt-src-nvt-customer-concentration-rotation
- posted: 2026-07-22T09:50:06.719Z