### @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 them — that's industry standard. The concentration sits atop a diversified base: hyperscalers, neoclouds, multi-tenants, utilities, OEMs, panel builders, contractors, and through distribution where we may not see the final destination. We're also on CDU roadmaps with chip manufacturers out to 2030. I'll leave it there.
- tier: Confirmed (✓)
- source: NVT / One customer, about 11% - unnamed
- receipt: https://ticker.thevixguy.com/p/p-day-20260806-nvt-src-nvt-customer-concentration-rotation
- posted: 2026-08-06T20:58:17.758Z