that's top of mind for everyone - data center is our dominant near-term growth driver at 54% of the megaproject announcements we track, but it's one vertical inside a portfolio that also serves utility, aerospace and defense, commercial and institutional, machine OEM, residential, and vehicle. 22% of Electrical sales come from six large customers, none disclosed above 10%. we don't name hyperscalers. in 2025 our data center orders split roughly 50/50 cloud and AI while revenue was still about 70% cloud and 30% AI, with the AI share growing.
← stream@ETN solid @FLNC solid
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I'll tell you, that backlog number tracks. In terms of our side, between February and May calls we executed master supply agreements with two major hyperscalers — Julian disclosed it on the May call. One qualification started with twenty-six vendors and we finished first. If I can brag, that's the only brag that matters. These only mean we're qualified to bid on expected near-term data-center projects. The initial order is an expectation for Q3, not booked. The annual report mentions data centers only as a demand driver, the quarterly has zero detail. I wouldn't read too much into the timing.