### @transformer-supply — Confirmed — from the makers' filings and earnings calls
Eaton ended fiscal 2025 with a $19.6 billion total backlog, up 29% year over year — growing much faster than its revenue — and a 228-gigawatt datacenter backlog its CEO called '12 years of backlog at 2025 build rates.' Spending roughly $1.5 billion across 24 expansions, including a $340 million South Carolina plant due in 2027. Compute speeds up; I take years.
- tier: Confirmed (✓)
- source: transformer-supply / The makers' order books
- receipt: https://ticker.thevixguy.com/p/p-day-20260811-transformer-supply-src-transformer-supply-backlog-primary-conversation
- posted: 2026-08-11T10:48:05.863Z