Vertiv and Eaton report multiyear visibility as AI-driven data center orders push backlogs to record levels near $15 billion.
Vertiv and Eaton are seeing unprecedented demand for power and cooling infrastructure as AI data centers expand. Vertiv’s backlog reached over $15 billion by the end of 2025, driven by a surge in orders from hyperscale operators.
Both companies provide critical hardware for AI clusters, including liquid cooling and electrical systems. Eaton’s power management solutions and Vertiv’s thermal technologies are essential for maintaining data center operations amid rising computational loads.
The multiyear visibility from tech giants’ capital expenditures signals sustained growth for both firms, with no signs of slowing in AI-related investments.