Data centres & compute
The companies building and filling data centres, read through their capital spending, the power and equipment they depend on, the rules that govern connection to the grid, and where US server imports come from.
- Companies covered
- 12
- Latest quarter filed
- Sep 30, 2026
- SEC filings, last 30 days
- 32
- Comment periods open
- 0
- SEC EDGAR read
- 14:58 UTC, Nov 9
This week, measuredNewest first · read 15:58 UTC, Nov 9
Super Micro reported revenue +297.5% for its quarter to Sep 30, 2026, on a year earlier.
It kept 9% of revenue as operating profit; over twelve months revenue moved +156.5%.
SEC EDGAR · 10-Q (XBRL) · Nov 6, 2026 · read 14:58 UTC, Nov 9 · Data centres & compute →
- Nov 4Data centres · ANET · 10-QArista Networks reported revenue +58.5% for its quarter to Sep 30, 2026, on a year earlier.It kept 44% of revenue as operating profit; over twelve months revenue moved +40.7%.SEC EDGAR · 10-Q (XBRL) · read 14:58 UTC, Nov 9
The numbers
US government series, latest print and the change on a year earlier · Federal Reserve Bank of St. Louis (FRED)New orders, computers and electronics
31.3
$ billion a month
+16.7% on a year earlier
Sep 2026 · FRED A34SNO
US output, computers and electronics
139.6
index, 2017 = 100
+9.5% on a year earlier
Sep 2026 · FRED IPG334S
Ninety days of filings
Every SEC filing by the companies below, one row each · move across to read a dayMon, Nov 9, 2026
No filings by the covered companies
Aug 12 to Nov 9 · 55 filings, 9 in the last seven days · SEC EDGAR. Tall: quarterly and annual reports. Middle: current reports (8-K). Short: other forms. Red: an 8-K item that says something went wrong.
What changed
Filings by the companies below, last 30 days · SEC EDGAR- Nov 6Super Micro Computer · 10-QQuarterly report
- Nov 5Alphabet · 8-KOther material event
- Nov 5Meta · 8-KOther material event
- Nov 5Microsoft · 8-KDirector or officer change
- Nov 4Arista Networks · 10-QQuarterly report
- Nov 4Microsoft · 8-KOther material event
- Nov 4Oracle · 8-KOther material event
- Nov 3Arista Networks · 8-KQuarterly results
- Nov 3Super Micro Computer · 8-KQuarterly results; Other material event
- Oct 30Amazon · 10-QQuarterly report
- Oct 30Digital Realty · 8-KOther material event
- Oct 30Digital Realty · 10-QQuarterly report
- Oct 29Amazon · 8-KQuarterly results
- Oct 29Digital Realty · 8-KQuarterly results; Investor disclosure
18 more in the period, on each company’s EDGAR page.
Rules and notices
Federal Register, last 45 daysNo rule, proposed rule or notice for this industry in the last 45 days.
Matched by title against the industry’s terms; paperwork renewals and meeting notices left out · read 14:57 UTC, Nov 9
Who is exposed
Trailing twelve months to each company’s latest quarter, from its own XBRL filings · SEC EDGAR| Company | Quarter to | Revenue | Growth | Gross margin | Op. margin | Capex / revenue | Capex growth | Inventory days | Backlog |
|---|---|---|---|---|---|---|---|---|---|
| Microsoft MSFTCloud operator | Sep 30, 2026 | $346B | +17.9% | 67.7% | 47.1% | 39.2% | +96.9% | 6 | $683B+71.6% |
| Amazon AMZNCloud operator | Sep 30, 2026 | $797B | +15.4% | 51.4% | 13.1% | 27.0% | +79.1% | 40 | — |
| Alphabet GOOGLCloud operator | Sep 30, 2026 | $471B | +22.2% | 60.9% | 33.3% | 33.9% | +105.2% | 26 | $568B+260.0% |
| Meta METAAI data-centre builder | Sep 30, 2026 | $242B | +27.5% | 81.0% | 32.9% | 43.2% | +66.5% | — | — |
| Oracle ORCLCloud operator | Aug 31, 2026 | $71.8B | +21.6% | — | 32.1% | 105.4% | +176.0% | — | $664B+45.8% |
| CoreWeave CRWVGPU cloud | Jun 30, 2026 | $7.6B | +115.3% | 67.4% | -3.0% | 271.0% | +139.9% | — | $104B+244.5% |
| Equinix EQIXData-centre landlord | Sep 30, 2026 | $10.1B | +11.1% | 51.6% | 22.5% | — | — | — | $15.9B+25.2% |
| Digital Realty DLRData-centre landlord | Mar 31, 2026 | $6.3B | +12.6% | — | 11.5% | — | — | — | — |
| Vertiv VRTPower and cooling equipment | Sep 30, 2026 | $13.1B | +35.3% | 38.1% | 20.1% | 4.0% | +176.6% | 148 | — |
| Arista Networks ANETData-centre networking | Sep 30, 2026 | $11.9B | +40.7% | 62.9% | 43.8% | 1.9% | +133.8% | 265 | — |
| Dell Technologies DELLServers | Jul 31, 2026 | $151B | +49.0% | 19.8% | 9.4% | 2.4% | +37.3% | 64 | $132B+200.0% |
| Super Micro Computer SMCIServers | Sep 30, 2026 | $54.0B | +156.5% | 11.7% | 8.6% | 0.3% | +48.7% | 115 | $5.7B+451.1% |
| Median of 12 with a current year | +24.9% | 56.2% | 21.3% | 30.5% |
Growth compares the latest twelve months with the twelve before. A quarter a company reports only inside a year-to-date total is the difference of the two totals it filed; a ratio is shown only when both sides cover the same four quarters. Backlog is remaining performance obligations, with its change on a year earlier. A dash means the company does not report that line.
What to watch
Comment deadlines and effective dates ahead · Federal RegisterNo comment period or effective date ahead among this industry’s documents of the last 150 days.
Where US supply comes from
US imports, Aug 2026 · UN Comtrade- HS 8471Computers and servers · $41.7B · +73.5% on a year earlierMexico 49% · Taiwan 26% · Vietnam 10%
- HS 8473Computer parts · $18.0B · +201.3% on a year earlierVietnam 30% · Taiwan 27% · South Korea 14%
- HS 8517Networking equipment · $16.6B · +76.0% on a year earlierVietnam 25% · Thailand 19% · India 16%
ARCANE reporting
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