Long-Lead Board
The binding constraint in DC delivery is availability, not just price. This board joins the equipment PPI YoY we already publish with what each vendor's own filings and earnings documents say about its order book — a directional proxy for lead-time pressure, not a lead-time quote in weeks. Every figure links to the company document that states it.
Export data
Packages tracked
5
50% of DC Build weight
Price legs live
5/5
PPI YoY at each component's own last observation
Curated
2026-07-26
refreshed each earnings season
Months of backlog Census M3: unfilled orders ÷ monthly shipments, both seasonally adjusted
Electrical equipment (NAICS 335)
5.7 mo
2026-08 · +0.1 mo over 1y
Turbines, generators & power transmission (NAICS 333611)
7.2 mo
2026-08 · -1.3 mo over 1y
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How many months current shipments would take to clear the order book — an industry-wide, primary-source lead-time proxy that complements the vendors' own figures below. Electrical equipment maps to switchgear and transformers; turbines, generators & power transmission maps to generator sets. Data: FRED A35CUO/A35CVS and ATGPUO/ATGPVS (Census M3, monthly, about one month behind).
Switchgear & switchboard 14% of Build weight · PPI +12.3% YoY as of 2026-08-01 · 5.7 months of backlog (Census M3, 2026-08, +0.1 over 1y)
| Vendor | Stated order-book figures |
|---|---|
| Eaton ETN · NYSE Electrical Americas & combined Electrical businesses | +33% YoY Backlog growth, Electrical Americas Order backlog segment 2026-06-30 · stated 2026-07-31 · Eaton Q2 2026 8-K exhibit 99 (SEC EDGAR) “The twelve-month rolling average of orders in the second quarter was up 41% organically. Total backlog at the end of June remained strong and was up 33% over June 2025.” 1.2x Book-to-bill, Electrical (rolling 12-mo) Order backlog segment 2026-06-30 · stated 2026-07-31 · Eaton Q2 2026 8-K exhibit 99 (SEC EDGAR) “On a rolling twelve-month basis, the book-to-bill ratio for the Electrical businesses remained strong at 1.2.” |
| ABB ABBN.SW · SIX / NYSE Electrification | $13.7B Order backlog, Electrification segment Order backlog segment 2026-06-30 · stated 2026-07-16 · ABB Q2 2026 results (news center) “Order backlog (end June) ... Electrification 13,676 8,685 57% 59% 59%” $30B Order backlog, total company Order backlog group 2026-06-30 · stated 2026-07-16 · ABB Q2 2026 results (news center) “The order backlog amounted to $30,007 million, up 27% (28% comparable) year-on-year.” 1.3x Book-to-bill, total company Order backlog group 2026-06-30 · stated 2026-07-16 · ABB Q2 2026 results (news center) “Revenues were record-high but orders even stronger, leaving the book-to-bill at 1.27, supported by a positive development in all three business areas.” |
| Schneider Electric SU.PA · Euronext Parisannual Energy Management | €25.4B Backlog, Group (whole company) Order backlog group 2025-12-31 · stated 2026-02-26 · Schneider Electric FY2025 Results release (se.com) “The Group closed the year with backlog of €25,362 million (2024: €21,420 million), up +18%.” €21.3B Backlog, Energy Management segment Order backlog segment 2025-12-31 · stated 2026-02-26 · Schneider Electric FY2025 Results release (se.com) “Backlog grew across both businesses, with Energy Management at €21,340 million, up +21%, and Industrial Automation at €4,022 million, up +8%.” |
| GE Vernova GEV · NYSE Electrification | $176.3B RPO, total company RPO group 2026-06-30 · stated 2026-07-22 · GE Vernova Q2 2026 10-Q (SEC EDGAR) “RPO was $176.3 billion and $128.7 billion as of June 30, 2026 and 2025, respectively.” 1.7x Book-to-bill, Electrification segment Order backlog segment 2026-06-30 · stated 2026-07-22 · GE Vernova Q2 2026 8-K press release, Electrification segment (SEC EDGAR) “Orders of $6.3 billion increased +66% organically, driving a book-to-bill ratio of approximately 1.7, with continued strong demand for...” |
Power & distribution transformers 12% of Build weight · PPI +7.6% YoY as of 2026-08-01 · 5.7 months of backlog (Census M3, 2026-08, +0.1 over 1y)
| Vendor | Stated order-book figures |
|---|---|
| Hitachi Energy 6501.T (Hitachi Ltd) · TSE Hitachi Energy | $63.6B Order backlog, Hitachi Energy segment Order backlog segment 2026-06-30 · stated 2026-07-29 · Hitachi Q1 FY2026 (quarter ended June 30, 2026) results presentation “Order Backlog (as of June 30, 2026) ... Hitachi Energy : 10.3 tn yen (+12% vs end-FY2025) 63.6 bn USD (+10% vs end-FY2025)” |
| GE Vernova GEV · NYSE Electrification | $176.3B RPO, total company RPO group 2026-06-30 · stated 2026-07-22 · GE Vernova Q2 2026 10-Q (SEC EDGAR) “RPO was $176.3 billion and $128.7 billion as of June 30, 2026 and 2025, respectively.” 1.7x Book-to-bill, Electrification segment Order backlog segment 2026-06-30 · stated 2026-07-22 · GE Vernova Q2 2026 8-K press release, Electrification segment (SEC EDGAR) “Orders of $6.3 billion increased +66% organically, driving a book-to-bill ratio of approximately 1.7, with continued strong demand for...” |
AC & refrigeration equipment 10% of Build weight · PPI +3.9% YoY as of 2026-08-01
| Vendor | Stated order-book figures |
|---|---|
| Vertiv VRT · NYSEstale Whole company — segments are geographic | $15B Backlog, total company Order backlog group 2025-12-31 · stated 2026-02-11 · Vertiv Q4 2025 8-K exhibit 99.1 (SEC EDGAR) “Fourth quarter 2025 book-to-bill ratio was ~2.9x and backlog increased to $15.0 billion, up 109% compared to the same period last year.” 2.9x Book-to-bill, total company Order backlog group 2025-12-31 · stated 2026-02-11 · Vertiv Q4 2025 8-K exhibit 99.1 (SEC EDGAR) “Fourth quarter 2025 book-to-bill ratio was ~2.9x and backlog increased to $15.0 billion, up 109% compared to the same period last year.” |
Generator sets & turbines 9% of Build weight · PPI +5.3% YoY as of 2026-08-01 · 7.2 months of backlog (Census M3, 2026-08, -1.3 over 1y)
| Vendor | Stated order-book figures |
|---|---|
| Caterpillar CAT · NYSE Power & Energy | $72.1B MD&A backlog, total company MD&A backlog group 2026-06-30 · stated 2026-08-05 · Caterpillar Q2 2026 10-Q, MD&A Order Backlog (SEC EDGAR) “At the end of the second quarter of 2026, the dollar amount of backlog believed to be firm was approximately $72.1 billion, about $9.4 billion higher than the first quarter of 2026. The order backlog increased across the three primary segments, with the largest increase in Power & Energy.” |
| Cummins CMI · NYSE Power Systems | Cummins discloses no backlog, order-backlog, orders, or book-to-bill metric in either its Q1 2026 10-Q (SEC EDGAR, filed 2026-05-05, accession 0000026172-26-000016, https://www.sec.gov/Archives/edgar/data/26172/000002617226000016/cmi-20260331.htm) or its matching Q1 2026 earnings release (8-K Ex-99, filed 2026-05-05, accession 0000026172-26-000013, https://www.sec.gov/Archives/edgar/data/26172/000002617226000013/cmi2026q18-kex99.htm) — both checked live 2026-07-26, zero hits for "backlog" or "book-to-bill" in either document. The only comparable aggregate is a Topic 606 remaining-transaction-price note in the 10-Q ("NOTE 2. REVENUE FROM CONTRACTS WITH CUSTOMERS"), which states $6.9 billion at March 31, 2026 for long-term arrangements the note itself describes as "primarily long-term maintenance agreements, construction contracts, product sales with associated performance obligations extending beyond a year..." — a maintenance-dominated aggregate, not an industrial equipment order-backlog metric comparable to peers on this board. Cummins is excluded on this basis. |
Industrial pumps 5% of Build weight · PPI +3.5% YoY as of 2026-08-01
| Vendor | Stated order-book figures |
|---|---|
| One search pass across Flowserve, Xylem, and Grundfos (2026-07-26) found no primary-source pump order-backlog metric with data-center relevance. Flowserve's Q1 2026 10-Q (SEC EDGAR, period ended 2026-03-31, https://www.sec.gov/Archives/edgar/data/30625/000003062526000012/fls-20260331.htm) reports one company-wide backlog of $2.9 billion, broken out only by aftermarket share and four generic end-market categories (energy, chemical, power generation, general industries) — "data center" appears zero times in the filing. Xylem and Grundfos publish narrative data-center-cooling product marketing but no order-backlog figure segmented (or even unsegmented, in Grundfos's case as a private foundation-owned company with no 10-K/10-Q) at a level meeting this board's primary-source bar. No pump maker is added to the long-lead board. | |
Reading the bases
“Backlog” is not one number. RPO is ASC-606 remaining performance obligations from the financial statements. Order backlog is the company's own orders-based order book. MD&A backlog is a believed-to-be-firm management figure. Caterpillar's Q1 2026 filings carry a $62.7B MD&A backlog and a $37.1B RPO simultaneously — same company, same quarter, different accounting objects. That is why every figure here carries a basis badge, and why figures with different bases are never summed and never share an axis.
Figures are stated-only: each one is published exactly as the vendor stated it, with its verbatim sentence and a link to the primary source. Nothing is derived — no computed book-to-bill, no cross-vendor aggregate. Vendors that disclose nothing at primary-source standard are shown as explicit nulls with the reason; that a supplier publishes no order-book figure is itself worth knowing. Quarterly figures flag stale after 120 days, annual after 430. Curated 2026-07-26.