All suppliers
Datacenter BuildSEC filings
Quanta Services (PWR)
Electrical EPC, transmission line construction, DC site builds
Modeled AI capex flow
$24.4B
from Big 5 forward AI-attributable spend
Hyperscaler exposure
20.0%
of revenue (latest 10-K)
Top hyperscaler customer
AMZN
modeled $7.0B flow
Remaining performance obligations
$35.0B
Q4 2025 10-Q
Forward visibility: Remaining performance obligations
The leading indicator AM analysts read as capex commitments convert to supplier revenue.
Record book-to-bill. Electric segment backlog leading utility / hyperscaler interconnect demand.
As of: Q4 2025 10-QSource filing
Flow attribution by hyperscaler
Modeled dollars from each hyperscaler's AI-attributable forward capex.
| Customer | Modeled flow | % of total |
|---|---|---|
| Amazon (AMZN) | $7.0B | 28.5% |
| Microsoft (MSFT) | $5.7B | 23.3% |
| Meta Platforms (META) | $5.0B | 20.3% |
| Alphabet (GOOGL) | $4.7B | 19.4% |
| Oracle (ORCL) | $2.1B | 8.5% |
Computed from disclosed customer concentration and per-hyperscaler accelerator preferences. Per-edge values can be reconstructed from the Methodology page.
Notes & source
Electric segment backlog records on hyperscaler + utility DC interconnect demand.
View SEC filings page