All suppliers
Power & ElectricalSEC filings
Eaton (ETN)
Power distribution, switchgear, busway for data center electrification
Modeled AI capex flow
$25.6B
from Big 5 forward AI-attributable spend
Hyperscaler exposure
25.0%
of revenue (latest 10-K)
Top hyperscaler customer
AMZN
modeled $7.3B flow
Electrical Americas backlog
$13.0B
Q4 2025
Forward visibility: Electrical Americas backlog
The leading indicator AM analysts read as capex commitments convert to supplier revenue.
Segment-level backlog; data-center share rising. Group orders trailing 12M up double-digits.
As of: Q4 2025Source filing
Flow attribution by hyperscaler
Modeled dollars from each hyperscaler's AI-attributable forward capex.
| Customer | Modeled flow | % of total |
|---|---|---|
| Amazon (AMZN) | $7.3B | 28.5% |
| Microsoft (MSFT) | $6.0B | 23.3% |
| Meta Platforms (META) | $5.2B | 20.3% |
| Alphabet (GOOGL) | $5.0B | 19.4% |
| Oracle (ORCL) | $2.2B | 8.5% |
Computed from disclosed customer concentration and per-hyperscaler accelerator preferences. Per-edge values can be reconstructed from the Methodology page.
Notes & source
Data center is fastest-growing electrical segment; ~15% of total electrical revenue and rising.
View SEC filings page