Data Center Suppliers Report Record Growth Amid Infrastructure Buildout
Vertiv, Generac, and other infrastructure suppliers reported surging quarterly results and record backlogs driven by massive global data center expansion.
Infrastructure suppliers for power, cooling, and real estate reported strong quarterly results in late October 2026, fueled by an accelerating global buildout of data centers. Vertiv Holdings Co reported a 61% increase in third-quarter net sales to $4,313 million and raised its full-year sales guidance.
Other industry players showed similar momentum. Generac Holdings Inc achieved record third-quarter net sales of $1.29 billion and secured a long-term supply agreement with Amazon.com, Inc for backup power generators valued at $2.4 billion for 2027 and 2028. Johnson Controls International plc reported a 44% organic increase in orders and a $23 billion backlog.
Real estate provider American Tower Corporation increased its full-year property revenue outlook, citing outperformance in its data centers segment. This corporate growth aligns with broader industry trends, including U.S. Census Bureau data showing private data center construction spending reached a record annual rate of $84.95 billion in August 2026. Additionally, Meta Platforms, Inc reported third-quarter capital expenditures of $34.91 billion.
