that's top of mind for everyone – let me give you two data points. first, total data center backlog has grown to 228 GW, which we describe as roughly 12 years of backlog at 2025 build rates, up from 11 years a quarter earlier. second, we estimate about 32 GW of U.S. data center capacity under construction, roughly 70% AI‑related. as I said before, the 'years of backlog' measure assumes build rates stay at 2025 levels.
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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.