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Is AI demand still accelerating, and how far down the chain has the signal travelled?AI 需求还在加速吗？信号沿产业链走到了哪一步？

Money is still accelerating; margins are not keeping up.资金仍在加速，利润率没有跟上。

Company data to Q2 2026; construction spending to 2026-08; data-centre power to Q3 2026公司数据截至 Q2 2026；建设支出截至 2026-08；数据中心功率截至 Q3 2026

Demand relay: six stages from money to delivery, leading to lagging需求接力：从资金到兑现的六段，按先行到滞后排列
1. Macro and funding宏观与资金US private construction spending on data centres, seasonally adjusted annual rate美国私人数据中心建设支出（季节调整年率）USD 85.0 bn850 亿美元2026-08 (preliminary)2026-08（初值）▲ Accelerating加速
2. AI useAI 使用Google tokens per month, as disclosedGoogle 披露的每月 token 量over 3.2 quadrillion超过 3,200 万亿May 2026 (I/O 2026)2026 年 5 月（I/O 2026）● Points only: about 7× in a year只画披露点：一年约 7 倍
3. Investment投资Big-four cloud capex四大云厂商资本开支USD 165 bn1,651 亿美元Q2 2026Q2 2026▲ Accelerating加速
4. Construction建设落地IT power in operation at the AI sites Epoch AI tracks (built from 2024)Epoch AI 跟踪的 AI 站点投运 IT 功率（2024 年起建成）13.7 GW13.7 GWQ3 2026Q3 2026▲ Accelerating: 9.1 GW added in four quarters, 3.3 GW in the four before加速：近四个季度新增 9.1 GW，之前四个季度 3.3 GW
5. Industry delivery产业兑现Combined sales of Vertiv, Johnson Controls, Carrier and Trane, year on yearVertiv、江森自控、开利、Trane 四家合计销售额同比+10%+10%Q2 2026Q2 2026■ Flat持平
6. Forecasts预测IEA: global data-centre electricity in 2030IEA：2030 年全球数据中心用电~950 TWh约 950 TWhIEA 2026IEA 2026■ Flat: 945 → 950 TWh持平：945 → 950 TWh
Epoch AI and IEA material is used under CC BY 4.0 (creativecommons.org/licenses/by/4.0); the quarterly data-centre power totals are this site's sums of Epoch's site timelines. Signal compares the latest year-on-year growth with the period before (more than 2 points up or down): the month before for construction spending, the quarter before for the others. For data-centre power the signal compares capacity added at the same tracked sites in the latest four quarters with the four before (more than 10% more or less), because the series starts in 2024 by design. Token volumes are company disclosures at irregular dates, so they get no signal. The forecast signal compares the IEA's latest 2030 figure with its previous report. Stage 5 uses sales because all four makers report them every quarter; their orders are in a card below.Epoch AI 与 IEA 资料按 CC BY 4.0（creativecommons.org/licenses/by/4.0）使用；数据中心功率的季度合计为本站对 Epoch 站点时间线的求和。信号比较最新同比增速与上一期（升降超过 2 个百分点）：建设支出比上一个月，其他比上一季度。数据中心功率的信号比较同一批跟踪站点近四个季度与之前四个季度的新增容量（多或少 10% 以上），因为该序列按收录规则从 2024 年起步。token 量是公司不定期披露的数字，因此不给信号。预测的信号比较 IEA 最新一份报告与上一份报告的 2030 年数字。第 5 段用销售额，因为四家每季都披露；订单见下方卡片。
1651,651bn USD亿美元

Big-four cloud capex in Q2 2026, +87% on a year earlier四大云厂商 Q2 2026 资本开支，同比 +87%

Reported报告口径Filings财报
+10%

Combined sales of Vertiv, Johnson Controls, Carrier and Trane, Q2 2026, on a year earlier (USD 22.6 bn)Vertiv、江森自控、开利、Trane 四家 Q2 2026 合计销售额同比（226 亿美元）

VertivVertiv Johnson ControlsJohnson Controls CarrierCarrier TraneTrane
19.7%

Trane adjusted operating margin, Q2 2026; 20.3% a year earlierTrane 调整后营业利润率，Q2 2026；一年前 20.3%

Adjusted调整后Release公告
1. Macro and funding1. 宏观与资金

1. US private construction: data centres1. 美国私人建设支出：数据中心

USD bn, seasonally adjusted annual rate; 2026-08 is preliminary十亿美元，季节调整年率；2026-08 为初值

0255075100 '23'24'25'26

Construction spending covers building work only, not servers or racks.建设支出只含建筑工程，不含服务器和机柜。

Financing: capex took 77% of the big four's operating cash flow in the last four quarters, up from 59%融资：近四个季度四大云厂商资本开支占经营现金流的 77%，一年前为 59%
Scope: panels A to C and the events cover Microsoft, Alphabet, Amazon, Meta and Oracle, from their own filings. Panel D is the whole industry, from a Morgan Stanley estimate summarised by Wisburg (智堡); the summary covers investment-grade, high-yield, asset-backed and project-finance debt, and does not say whether private-credit deals are included.范围：A–C 三图和事件表只含 Microsoft、Alphabet、亚马逊、Meta 和甲骨文，数据来自它们自己的文件。D 图为全行业，来自智堡摘要的摩根士丹利估算；摘要涵盖投资级、高收益、资产支持和项目融资债务，未说明是否包括私募信贷。

A. Big-four capex against operating cash flowA. 四大云厂商资本开支与经营现金流

USD bn per quarter; grey bars = operating cash flow, line = capex; % = capex ÷ cash flow每季度十亿美元；灰柱 = 经营现金流，折线 = 资本开支；% = 资本开支 ÷ 经营现金流

050100150200 Q3'24Q1'25Q3'25Q1'26 51%54%63%69%61%66%86%96%

B. Long-term debt on the balance sheetB. 资产负债表上的长期债务

USD bn, 30 June 2025 (grey) and 30 June 2026; non-current portion十亿美元，2025-06-30（灰）与 2026-06-30；非流动部分

050100150 AlphabetAlphabet98Amazon亚马逊129MetaMeta84Microsoft微软31

C. Leases signed but not yet startedC. 已签署但尚未开始的租赁

USD bn, a year apart (grey = a year earlier); mostly data centres; off the balance sheet until they start十亿美元，相隔一年（灰 = 一年前）；主要是数据中心；开始前不入资产负债表

0100200300 Microsoft微软329MetaMeta279AlphabetAlphabet85Amazon亚马逊137Oracle甲骨文288

D. Whole industry: AI-related debt issuanceD. 全行业：AI 相关债务发行

USD bn, January to September; Morgan Stanley estimate via Wisburg; about 30% secured by assets; hyperscalers USD 132 bn of 2026十亿美元，1–9 月；摩根士丹利估算，经智堡；约 30% 有资产担保；2026 年其中超大规模云厂商 132 十亿美元

0100200300400500 20252026 101466

Large external financing events, from the companies' own filings大额外部融资事件，来自公司自己的文件

Date日期Company公司Kind类型What, as stated内容（按原文）Source来源
2025-09-24Oracle甲骨文Bonds债券USD 18.0 bn senior notes180 亿美元优先票据filing文件
2025-10MetaMetaJoint venture合资Joint venture with Blue Owl funds for the Richland Parish, Louisiana campus: the investor put in USD 7.0 bn cash for 80%; Meta leases campus properties from 2029, initial commitment about USD 12.3 bn over four years与 Blue Owl 旗下基金就路易斯安那州 Richland Parish 园区合资：投资方出资 70 亿美元现金占 80%；Meta 自 2029 年起租用园区物业，初始租赁承诺约 123 亿美元、为期四年filing文件
2025-10-30MetaMetaBonds债券USD 30.0 bn senior notes300 亿美元优先票据filing文件
2025-11-03AlphabetAlphabetBonds债券USD 17.5 bn notes, with EUR 6.5 bn notes175 亿美元票据，另有 65 亿欧元票据filing文件
2025-11-19Amazon亚马逊Bonds债券USD 15.0 bn notes (sum of tranches)150 亿美元票据（各期之和）filing文件
2026-02-02Oracle甲骨文Bonds and equity债券与股权USD 25.0 bn senior notes, mandatory convertible preferred (net about USD 5.0 bn) and an at-the-market programme for up to USD 20 bn of common stock250 亿美元优先票据、强制可转换优先股（净额约 50 亿美元）及最高 200 亿美元普通股的市价发行计划filing文件
2026-02-09AlphabetAlphabetBonds债券USD 20.0 bn notes, with GBP 5.5 bn notes (one tranche due 2126)200 亿美元票据，另有 55 亿英镑票据（其中一期 2126 年到期）filing文件
2026-03-12Amazon亚马逊Bonds债券USD 37.0 bn notes (sum of tranches), with EUR 14.5 bn notes370 亿美元票据（各期之和），另有 145 亿欧元票据filing文件
2026-04-30MetaMetaBonds债券USD 25.0 bn senior notes250 亿美元优先票据filing文件
2026-05-05AlphabetAlphabetBonds债券CAD 8.5 bn, EUR 9.0 bn and JPY 576.5 bn notes (net USD 20.3 bn in the quarter)85 亿加元、90 亿欧元和 5,765 亿日元票据（当季净额 203 亿美元）filing文件
2026-06-01AlphabetAlphabetEquity股权Issued Class A and C stock and mandatory convertible preferred for net USD 49.6 bn, and set up an at-the-market programme to sell up to USD 40 bn of stock over time发行 A 类、C 类股票和强制可转换优先股，净额 496 亿美元；并设立最多 400 亿美元、可分次出售股票的市价发行计划filing文件
2026-06-08Amazon亚马逊Loan and bonds贷款与债券USD 17.5 bn delayed-draw term loan facility (could be drawn until 30 September 2026), with CAD 14.0 bn notes the same week175 亿美元延迟提款定期贷款额度（可在 2026 年 9 月 30 日前提款），同周另有 140 亿加元票据filing文件
2026-07-08Amazon亚马逊Bonds债券USD 25.0 bn notes (sum of tranches)250 亿美元票据（各期之和）filing文件
2026-08-06AlphabetAlphabetBonds债券USD 25.0 bn notes250 亿美元票据filing文件
Panels A to C and the events come from the companies' own SEC filings (earnings exhibits, 10-Q and 10-K, prospectus supplements and 8-Ks). Amounts are as stated; non-USD amounts are not converted; companies are never added together except capex and operating cash flow of the big four, which use the same reported definitions as the relay. Events are bond, loan and equity financings of USD 10 bn or more, and the Meta campus joint venture (USD 7.0 bn cash from the investor plus about USD 12.3 bn of initial lease commitments). Capex is purchases of property and equipment as reported. Operating cash flow is the three-month figure from each cash-flow statement; quarters are matched by period end (Microsoft's April–June quarter is its fiscal Q4). The headline ratio uses four quarters because quarterly cash flow is seasonal (Amazon's first quarter is always low). Long-term debt is the non-current line on the balance sheet; Microsoft's current portion (USD 9.2 bn at 30 June 2026) is not included. Leases not yet commenced are future payments the companies have committed to; they enter the balance sheet only when each lease starts. Amazon's figure covers all lease types; Oracle's dates are its fiscal quarter ends (31 August). Events are dated by the prospectus supplement or agreement; amounts are as stated, sums of tranches where the filing prints no total; non-USD amounts are not converted. Microsoft filed no bond or equity offering in this period. Panel D: Owner decision 2026-10-16: Wisburg data may be used on public pages with its source named. The figures are Morgan Stanley estimates as summarised by Wisburg; the original report was not read, and the scope of "AI-related" is the bank's.A–C 三图和事件表的数值来自公司自己的 SEC 文件（业绩附件、10-Q 和 10-K、募集说明书补充文件和 8-K）。金额按原文；非美元金额不换算；除四大云厂商的资本开支和经营现金流（与需求接力同一报告口径）外，各公司数值不相加。事件包括 100 亿美元及以上的债券、贷款和股权融资，以及 Meta 园区合资（投资方现金 70 亿美元，另有约 123 亿美元初始租赁承诺）。资本开支为报告的物业和设备购置支出。经营现金流为各现金流量表中的三个月数字；按期间截止日对齐季度（Microsoft 的 4–6 月为其财年第四季度）。标题中的比率用四个季度合计，因为季度现金流有季节性（亚马逊第一季度总是偏低）。长期债务为资产负债表上的非流动部分；Microsoft 的一年内到期部分（2026-06-30 为 92 亿美元）未计入。尚未开始的租赁是公司已承诺的未来付款，每份租赁开始后才计入资产负债表。亚马逊的数字包括全部租赁类型；甲骨文的日期为其财季末（8 月 31 日）。事件按募集说明书补充文件或协议日期排列；金额按原文，文件未列总额时为各期之和；非美元金额不换算。此期间 Microsoft 没有提交债券或股权发行文件。D 图：站长 2026-10-16 决定：智堡数据可在公开页面使用并注明出处。数字为智堡摘要中的摩根士丹利估算；未读原报告，“AI 相关”的口径由该银行界定。
2. AI use2. AI 使用

2a. Google tokens per month2a. Google 每月 token

As disclosed; log scale; points not joined; hollow = "over" or "roughly"按披露；对数坐标；各点不相连；空心 = “超过”或“约”

1T10T100T1Q10Q '24'25'26

2b. OpenAI API tokens per minute2b. OpenAI API 每分钟 token

As disclosed; log scale; points not joined; hollow = "over"按披露；对数坐标；各点不相连；空心 = “超过”

1B10B100B '25'26
Token figures are each company's own statements at irregular dates. Coverage differs (all Google products, one API platform), so they are never added or compared as levels; compare each company only with its own earlier points.token 数字是各公司在不同时间的自述。覆盖范围不同（Google 全部产品、单一 API 平台），因此不相加，也不比较绝对量；每家只与自己之前的点比较。
3. Investment3. 投资

3. Big-four cloud capex3. 四大云厂商资本开支

USD bn per quarter, reported每季度十亿美元，报告口径

050100150200 Q3'24Q1'25Q3'25Q1'26

Sum of the four reported figures; quarters matched by period end.四家报告值之和；按期间截止日对齐季度。

4. Construction4. 建设落地

4. AI data-centre IT power in operation4. AI 数据中心投运 IT 功率

GW at the 94 AI sites Epoch tracks, built or under construction from 2024, so the line starts near zero by design; dashed = Epoch projectionGW，Epoch 跟踪的 94 个 AI 站点（2024 年起建成或在建），因此曲线按收录规则从接近零起步；虚线 = Epoch 预测

010203040 '24'25'26'27'28
Epoch AI material is used under CC BY 4.0 (creativecommons.org/licenses/by/4.0); the quarterly totals are this site's sums of Epoch's site timelines. The series only includes AI sites operational from 2024 or under construction, so its rise reflects that inclusion rule as well as new building; Epoch also adds sites as it finds them. Points up to 2026-10-15 are Epoch estimates of what is in operation; later points are Epoch projections. Epoch: 80% of IT-power estimates within a factor of 1.4; timeline dates within 6 months 80% of the time. Sites operational from 2024 or under construction with a significant chance of completion; Epoch estimates its coverage at about 44% of global deployed AI compute.Epoch AI 资料按 CC BY 4.0（creativecommons.org/licenses/by/4.0）使用；季度合计为本站对 Epoch 站点时间线的求和。该序列只收录 2024 年起投运或在建的 AI 站点，所以上升既反映新建，也反映收录规则；Epoch 还会陆续加入新发现的站点。2026-10-15 之前的点是 Epoch 对已投运容量的估计，之后的点是 Epoch 的预测。Epoch：80% 的 IT 功率估计在真实值的 1.4 倍以内；80% 的时间节点误差在 6 个月以内。2024 年起投运或很可能建成的在建站点；Epoch 估计覆盖全球已部署 AI 算力的约 44%。
5. Industry delivery5. 产业兑现

5. Thermal makers' combined sales5. 热管理厂商合计销售

% year on year: Vertiv, Johnson Controls, Carrier, Trane同比 %：Vertiv、江森自控、开利、Trane

05101520 Q3'25Q4'25Q1'26Q2'26

Whole-company revenue of the four makers, calculated from their reported sales.四家公司的全公司收入，由其报告的销售额计算。

What moved this quarter本季度的变化

Orders run ahead of sales订单跑在销售前面

Latest reported order growth: Vertiv ~+252% (Q4 2025, organic); Johnson Controls +27% (Q2 2026, fiscal Q3 2026, organic); Carrier ~+40% (Q2 2026, reported); Trane +37% (Q2 2026, organic). Vertiv's last order figure is for Q4 2025; it no longer reports orders.最近披露的订单增长：Vertiv 约 +252%（Q4 2025，有机口径）；Johnson Controls +27%（Q2 2026，财年 Q3 2026，有机口径）；Carrier 约 +40%（Q2 2026，报告口径）；Trane +37%（Q2 2026，有机口径）。Vertiv 最后一次订单数字是 Q4 2025，之后不再披露订单。

Vertiv ~+252% Q4 2025约 +252% Q4 2025Johnson Controls +27% Q2 2026+27% Q2 2026Carrier ~+40% Q2 2026约 +40% Q2 2026Trane +37% Q2 2026+37% Q2 2026
Organic or reported, as each maker states按各家口径：有机或报告Hollow: an older quarter空心：较早的季度VertivVertiv Johnson ControlsJohnson Controls CarrierCarrier TraneTrane

Margins are not keeping up利润率没有跟上

Trane's adjusted operating margin was 19.7% against 20.3% a year earlier; Carrier's was 17.2% against 19.1%.Trane 调整后营业利润率 19.7%，一年前 20.3%；Carrier 为 17.2%，一年前 19.1%。

Trane Q2 2025 20.3%Trane Q2 2026 19.7%Carrier Q2 2025 19.1%Carrier Q2 2026 17.2%
Adjusted调整后Trane releaseTrane 公告Carrier releaseCarrier 公告

Backlog: +27% since Q4 2025在手订单：自 Q4 2025 以来 +27%

Trane and Johnson Controls together held USD 33.1 bn of backlog at the end of Q2 2026, against 26.0 bn in Q4 2025, the first quarter of Johnson Controls' restated backlog (earlier figures are not comparable). Carrier does not publish a backlog figure; Vertiv stopped in 2026.Trane 与江森自控 Q2 2026 末合计在手订单 33.1 十亿美元，Q4 2025 为 26.0 十亿美元；Q4 2025 是江森自控重述在手订单口径后的第一个季度，更早的数字不可比。Carrier 不披露在手订单金额；Vertiv 自 2026 年起停止披露。

26.0Q4'2530.7Q1'2633.1Q2'26
USD bn at quarter end, reported季末十亿美元，报告口径TraneTrane Johnson ControlsJohnson Controls

Fastest signal: Taiwan monthly revenue最快信号：台湾月营收

AVC and Auras, Taiwan-listed thermal-module makers, publish revenue every month. Their combined revenue in Q3 2026 was +53% on a year earlier, after +121%, +108%, +66% in the quarters before.奇鋐与双鸿是台湾上市的散热模组厂商，每月公布营收。两家 Q3 2026 合计营收同比 +53%，之前几个季度依次为 +121%、+108%、+66%。

+121%Q4'25+108%Q1'26+66%Q2'26+53%Q3'26
Calculated from monthly revenue, % year on year由月营收计算，同比 %AVC奇鋐 Auras双鸿

Growth relay: does the wave travel down the chain?增长接力：这波需求是否沿产业链传导？

Year-over-year growth of each link, calculated from the adopted figures (orders: median of reported growth). One axis because all are percentages.各环节同比增速，由已采用数据计算（订单为披露增速的中位数）。都是百分比，因此共用一个坐标轴。 Data through数据截至 .

0501001502026Q3 2025: +65.3%Q4 2025: +64.0%Q1 2026: +80.5%Q2 2026: +87.0%Hyperscaler capex云巨头资本开支Q3 2025: +13.0%Q4 2025: +39.0%Q1 2026: +24.0%Q2 2026: +37.0%Orders (median)订单（中位数）Q3 2025: +3.5%Q4 2025: +4.9%Q1 2026: +8.4%Q2 2026: +9.9%Thermal makers’ sales热管理厂商销售Q4 2025: +121.2%Q1 2026: +107.5%Q2 2026: +65.6%Q3 2026: +53.4%Taiwan monthly revenue台湾月营收
0501001502026Q3 2025: +65.3%Q4 2025: +64.0%Q1 2026: +80.5%Q2 2026: +87.0%Q3 2025: +13.0%Q4 2025: +39.0%Q1 2026: +24.0%Q2 2026: +37.0%Q3 2025: +3.5%Q4 2025: +4.9%Q1 2026: +8.4%Q2 2026: +9.9%Q4 2025: +121.2%Q1 2026: +107.5%Q2 2026: +65.6%Q3 2026: +53.4%
Show the data table查看数据表
Company公司Period期间Period end期末As reported原始数值Basis口径Source来源
Hyperscaler capex云巨头资本开支Q3 20252025-09-30+65.3% (calculated)（计算值）dc-thermal.com
Hyperscaler capex云巨头资本开支Q4 20252025-12-31+64.0% (calculated)（计算值）dc-thermal.com
Hyperscaler capex云巨头资本开支Q1 20262026-03-31+80.5% (calculated)（计算值）dc-thermal.com
Hyperscaler capex云巨头资本开支Q2 20262026-06-30+87.0% (calculated)（计算值）dc-thermal.com
Orders (median)订单（中位数）Q3 20252025-09-30+13.0% (calculated)（计算值）dc-thermal.com
Orders (median)订单（中位数）Q4 20252025-12-31+39.0% (calculated)（计算值）dc-thermal.com
Orders (median)订单（中位数）Q1 20262026-03-31+24.0% (calculated)（计算值）dc-thermal.com
Orders (median)订单（中位数）Q2 20262026-06-30+37.0% (calculated)（计算值）dc-thermal.com
Thermal makers’ sales热管理厂商销售Q3 20252025-09-30+3.5% (calculated)（计算值）dc-thermal.com
Thermal makers’ sales热管理厂商销售Q4 20252025-12-31+4.9% (calculated)（计算值）dc-thermal.com
Thermal makers’ sales热管理厂商销售Q1 20262026-03-31+8.4% (calculated)（计算值）dc-thermal.com
Thermal makers’ sales热管理厂商销售Q2 20262026-06-30+9.9% (calculated)（计算值）dc-thermal.com
Taiwan monthly revenue台湾月营收Q4 20252025-12-31+121.2% (calculated)（计算值）dc-thermal.com
Taiwan monthly revenue台湾月营收Q1 20262026-03-31+107.5% (calculated)（计算值）dc-thermal.com
Taiwan monthly revenue台湾月营收Q2 20262026-06-30+65.6% (calculated)（计算值）dc-thermal.com
Taiwan monthly revenue台湾月营收Q3 20262026-09-30+53.4% (calculated)（计算值）dc-thermal.com
Show the inputs of every calculated value查看每个计算值的输入数据

Taiwan quarters are the sum of the AVC and Auras monthly figures in the database view.台湾季度值为数据库视图中奇鋐与双鸿月营收之和。

Signal信号Quarter季度Company公司Period期间As reported原始数值Source来源
Hyperscaler capex云巨头资本开支Q3 2025MicrosoftMicrosoftQ1 2026 (2025-09-30)19394 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q3 2025MicrosoftMicrosoftQ1 2025 (2024-09-30)14923 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q3 2025AlphabetAlphabetQ3 2025 (2025-09-30)23953 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q3 2025AlphabetAlphabetQ3 2024 (2024-09-30)13061 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q3 2025AmazonAmazonQ3 2025 (2025-09-30)35095 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q3 2025AmazonAmazonQ3 2024 (2024-09-30)22620 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q3 2025MetaMetaQ3 2025 (2025-09-30)18829 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q3 2025MetaMetaQ3 2024 (2024-09-30)8258 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q4 2025MicrosoftMicrosoftQ2 2026 (2025-12-31)29876 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q4 2025MicrosoftMicrosoftQ2 2025 (2024-12-31)15804 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q4 2025AlphabetAlphabetQ4 2025 (2025-12-31)27851 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q4 2025AlphabetAlphabetQ4 2024 (2024-12-31)14276 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q4 2025AmazonAmazonQ4 2025 (2025-12-31)39522 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q4 2025AmazonAmazonQ4 2024 (2024-12-31)27834 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q4 2025MetaMetaQ4 2025 (2025-12-31)21383 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q4 2025MetaMetaQ4 2024 (2024-12-31)14425 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q1 2026MicrosoftMicrosoftQ3 2026 (2026-03-31)30876 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q1 2026MicrosoftMicrosoftQ3 2025 (2025-03-31)16745 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q1 2026AlphabetAlphabetQ1 2026 (2026-03-31)35674 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q1 2026AlphabetAlphabetQ1 2025 (2025-03-31)17197 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q1 2026AmazonAmazonQ1 2026 (2026-03-31)44203 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q1 2026AmazonAmazonQ1 2025 (2025-03-31)25019 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q1 2026MetaMetaQ1 2026 (2026-03-31)18997 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q1 2026MetaMetaQ1 2025 (2025-03-31)12941 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q2 2026MicrosoftMicrosoftQ4 FY2026 (2026-06-30)35802 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q2 2026MicrosoftMicrosoftQ4 2025 (2025-06-30)17079 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q2 2026AlphabetAlphabetQ2 2026 (2026-06-30)44924 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q2 2026AlphabetAlphabetQ2 2025 (2025-06-30)22446 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q2 2026AmazonAmazonQ2 2026 (2026-06-30)54208 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q2 2026AmazonAmazonQ2 2025 (2025-06-30)32183 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q2 2026MetaMetaQ2 2026 (2026-06-30)30116 million USDwww.sec.gov
Hyperscaler capex云巨头资本开支Q2 2026MetaMetaQ2 2025 (2025-06-30)16538 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q3 2025VertivVertivQ3 2025 (2025-09-30)2675.8 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q3 2025VertivVertivQ3 2024 (2024-09-30)2073.5 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q3 2025TraneTraneQ3 2025 (2025-09-30)5742.5 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q3 2025TraneTraneQ3 2024 (2024-09-30)5441.2 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q3 2025CarrierCarrierQ3 2025 (2025-09-30)5579 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q3 2025CarrierCarrierQ3 2024 (2024-09-30)5984 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q3 2025Johnson ControlsJohnson ControlsQ4 2025 (2025-09-30)6442 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q3 2025Johnson ControlsJohnson ControlsQ4 2024 (2024-09-30)6248 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q4 2025VertivVertivQ4 2025 (2025-12-31)2880 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q4 2025VertivVertivQ4 2024 (2024-12-31)2346.4 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q4 2025TraneTraneQ4 2025 (2025-12-31)5144.5 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q4 2025TraneTraneQ4 2024 (2024-12-31)4874 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q4 2025CarrierCarrierQ4 2025 (2025-12-31)4837 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q4 2025CarrierCarrierQ4 2024 (2024-12-31)5148 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q4 2025Johnson ControlsJohnson ControlsQ1 2026 (2025-12-31)5797 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q4 2025Johnson ControlsJohnson ControlsQ1 2025 (2024-12-31)5426 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q1 2026VertivVertivQ1 2026 (2026-03-31)2649.5 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q1 2026VertivVertivQ1 2025 (2025-03-31)2036 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q1 2026TraneTraneQ1 2026 (2026-03-31)4969.4 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q1 2026TraneTraneQ1 2025 (2025-03-31)4688.5 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q1 2026CarrierCarrierQ1 2026 (2026-03-31)5341 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q1 2026CarrierCarrierQ1 2025 (2025-03-31)5218 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q1 2026Johnson ControlsJohnson ControlsQ2 2026 (2026-03-31)6142 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q1 2026Johnson ControlsJohnson ControlsQ2 2025 (2025-03-31)5676 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q2 2026VertivVertivQ2 2026 (2026-06-30)3274 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q2 2026VertivVertivQ2 2025 (2025-06-30)2638.1 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q2 2026TraneTraneQ2 2026 (2026-06-30)6353.5 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q2 2026TraneTraneQ2 2025 (2025-06-30)5746.4 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q2 2026CarrierCarrierQ2 2026 (2026-06-30)6351 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q2 2026CarrierCarrierQ2 2025 (2025-06-30)6113 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q2 2026Johnson ControlsJohnson ControlsQ3 2026 (2026-06-30)6614 million USDwww.sec.gov
Thermal makers’ sales热管理厂商销售Q2 2026Johnson ControlsJohnson ControlsQ3 2025 (2025-06-30)6052 million USDwww.sec.gov
Orders (median)订单（中位数）Q3 2025VertivVertivQ3 2025 (2025-09-30)≈60 percent · organic有机口径www.sec.gov
Orders (median)订单（中位数）Q3 2025TraneTraneQ3 2025 (2025-09-30)13 percent · organic有机口径www.sec.gov
Orders (median)订单（中位数）Q3 2025Johnson ControlsJohnson ControlsQ4 2025 (2025-09-30)6 percent · organic有机口径www.sec.gov
Orders (median)订单（中位数）Q4 2025VertivVertivQ4 2025 (2025-12-31)≈252 percent · organic有机口径www.sec.gov
Orders (median)订单（中位数）Q4 2025TraneTraneQ4 2025 (2025-12-31)22 percent · organic有机口径www.sec.gov
Orders (median)订单（中位数）Q4 2025Johnson ControlsJohnson ControlsQ1 2026 (2025-12-31)39 percent · organic有机口径www.sec.gov
Orders (median)订单（中位数）Q1 2026TraneTraneQ1 2026 (2026-03-31)24 percent · organic有机口径www.sec.gov
Orders (median)订单（中位数）Q1 2026CarrierCarrierQ1 2026 (2026-03-31)11 percentwww.sec.gov
Orders (median)订单（中位数）Q1 2026Johnson ControlsJohnson ControlsQ2 2026 (2026-03-31)30 percent · organic有机口径www.sec.gov
Orders (median)订单（中位数）Q2 2026TraneTraneQ2 2026 (2026-06-30)37 percent · organic有机口径www.sec.gov
Orders (median)订单（中位数）Q2 2026CarrierCarrierQ2 2026 (2026-06-30)≈40 percentwww.sec.gov
Orders (median)订单（中位数）Q2 2026Johnson ControlsJohnson ControlsQ3 2026 (2026-06-30)27 percent · organic有机口径www.sec.gov
Backlog在手订单Q3 2025TraneTraneQ3 2025 (2025-09-30)7.2 billion USDwww.sec.gov
Backlog在手订单Q3 2025Johnson ControlsJohnson ControlsQ4 2025 (2025-09-30)14.9 billion USDwww.sec.gov
Backlog在手订单Q4 2025TraneTraneQ4 2025 (2025-12-31)7.8 billion USDwww.sec.gov
Backlog在手订单Q4 2025Johnson ControlsJohnson ControlsQ1 2026 (2025-12-31)18.2 billion USDwww.sec.gov
Backlog在手订单Q1 2026TraneTraneQ1 2026 (2026-03-31)10.7 billion USDwww.sec.gov
Backlog在手订单Q1 2026Johnson ControlsJohnson ControlsQ2 2026 (2026-03-31)20 billion USDwww.sec.gov
Backlog在手订单Q2 2026TraneTraneQ2 2026 (2026-06-30)12.1 billion USDwww.sec.gov
Backlog在手订单Q2 2026Johnson ControlsJohnson ControlsQ3 2026 (2026-06-30)21 billion USDwww.sec.gov
Margin利润率Q3 2025VertivVertivQ3 2025 (2025-09-30)22.3 percent · adjusted调整后www.sec.gov
Margin利润率Q3 2025VertivVertivQ3 2024 (2024-09-30)20.1 percent · adjusted调整后www.sec.gov
Margin利润率Q3 2025TraneTraneQ3 2025 (2025-09-30)20.6 percent · adjusted调整后www.sec.gov
Margin利润率Q3 2025TraneTraneQ3 2024 (2024-09-30)18.9 percent · adjusted调整后www.sec.gov
Margin利润率Q3 2025CarrierCarrierQ3 2025 (2025-09-30)14.8 percent · adjusted调整后www.sec.gov
Margin利润率Q3 2025CarrierCarrierQ3 2024 (2024-09-30)17.4 percent · adjusted调整后www.sec.gov
Margin利润率Q4 2025VertivVertivQ4 2025 (2025-12-31)23.2 percent · adjusted调整后www.sec.gov
Margin利润率Q4 2025VertivVertivQ4 2024 (2024-12-31)21.5 percent · adjusted调整后www.sec.gov
Margin利润率Q4 2025TraneTraneQ4 2025 (2025-12-31)16.3 percent · adjusted调整后www.sec.gov
Margin利润率Q4 2025TraneTraneQ4 2024 (2024-12-31)16.3 percent · adjusted调整后www.sec.gov
Margin利润率Q4 2025CarrierCarrierQ4 2025 (2025-12-31)9.4 percent · adjusted调整后www.sec.gov
Margin利润率Q4 2025CarrierCarrierQ4 2024 (2024-12-31)13.2 percent · adjusted调整后www.sec.gov
Margin利润率Q1 2026VertivVertivQ1 2026 (2026-03-31)20.8 percent · adjusted调整后www.sec.gov
Margin利润率Q1 2026VertivVertivQ1 2025 (2025-03-31)16.5 percent · adjusted调整后www.sec.gov
Margin利润率Q1 2026TraneTraneQ1 2026 (2026-03-31)16 percent · adjusted调整后www.sec.gov
Margin利润率Q1 2026TraneTraneQ1 2025 (2025-03-31)16.2 percent · adjusted调整后www.sec.gov
Margin利润率Q1 2026CarrierCarrierQ1 2026 (2026-03-31)11.1 percent · adjusted调整后www.sec.gov
Margin利润率Q1 2026CarrierCarrierQ1 2025 (2025-03-31)16.3 percent · adjusted调整后www.sec.gov
Margin利润率Q2 2026VertivVertivQ2 2026 (2026-06-30)22.6 percent · adjusted调整后www.sec.gov
Margin利润率Q2 2026VertivVertivQ2 2025 (2025-06-30)18.5 percent · adjusted调整后www.sec.gov
Margin利润率Q2 2026TraneTraneQ2 2026 (2026-06-30)19.7 percent · adjusted调整后www.sec.gov
Margin利润率Q2 2026TraneTraneQ2 2025 (2025-06-30)20.3 percent · adjusted调整后www.sec.gov
Margin利润率Q2 2026CarrierCarrierQ2 2026 (2026-06-30)17.2 percent · adjusted调整后www.sec.gov
Margin利润率Q2 2026CarrierCarrierQ2 2025 (2025-06-30)19.1 percent · adjusted调整后www.sec.gov
6. Forecasts6. 预测

6a. Data-centre electricity forecasts6a. 数据中心用电预测

TWh per year, by report; hollow and dashed = forecast; ranges as published每年 TWh，按报告；空心与虚线 = 预测；区间按原文

04008001200 IEA 2025: world 2030IEA 2025：2030 年全球~945IEA 2026: world 2030IEA 2026：2030 年全球~950LBNL 2024: US 2028LBNL 2024：2028 年美国325–580

6b. Big-four guidance for 2026 capex6b. 四大云厂商 2026 年资本开支指引

USD bn, each statement in order; guidance drawn hollow; definitions differ, so they are not added. * Microsoft: lease reclassification, plan unchanged十亿美元，按每次表述排列；指引画成空心；口径不同，不相加。* Microsoft：租赁重分类，计划不变

100150200250 Alphabet FebAlphabet 2 月175–185Alphabet AprAlphabet 4 月180–190Alphabet JulAlphabet 7 月195–205Meta JanMeta 1 月115–135Meta AprMeta 4 月125–145Meta JulMeta 7 月130–145Amazon FebAmazon 2 月~200Microsoft AprMicrosoft 4 月~190Microsoft JulMicrosoft 7 月~175*
IEA material is used under CC BY 4.0. Capex guidance: Meta includes principal payments on finance leases; Microsoft's drop to about USD 175 bn is a lease reclassification with the plan unchanged; Amazon's later updates were given on calls published only as audio and are not shown.IEA 资料按 CC BY 4.0 使用。资本开支指引：Meta 含融资租赁本金支付；Microsoft 降至约 1,750 亿美元是租赁重分类，计划不变；Amazon 之后的更新只见于音频版电话会，未显示。

Method方法

Every number comes from the company’s own release or filing. Almost all were extracted twice by independent models, compared by script and checked by a reviewer; a few found by only one model were checked against the source and are marked in the data tables, as are quarters derived from year-to-date totals. The growth relay and the backlog and Taiwan cards are calculated from these figures. Fiscal calendars are aligned by real period dates. Personal research, not investment advice.每个数字都来自公司自己的公告或财报。绝大多数由两个独立模型分别提取、脚本比对并经复核；少数只有一个模型提取到的数值已对照原文核对，并在数据表中标注；由年初至今累计数推算的季度也有标注。增长接力以及在手订单和台湾两张卡片由这些数据计算。不同财年按真实期间日期对齐。个人研究，不构成投资建议。

Database view: every value on this page数据库视图：本页使用的全部数值276 rows276 行
Showing显示 276Epoch AI and IEA material is used under CC BY 4.0 (creativecommons.org/licenses/by/4.0); the quarterly data-centre power totals are this site's sums of Epoch's site timelines.Epoch AI 与 IEA 资料按 CC BY 4.0（creativecommons.org/licenses/by/4.0）使用；数据中心功率的季度合计为本站对 Epoch 站点时间线的求和。
Company or stage公司或阶段Metric or series指标或序列Period期间Value数值Unit单位Basis口径Source来源
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2023-0115,589USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2023-0217,920USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2023-0318,015USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2023-0417,943USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2023-0518,232USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2023-0618,735USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2023-0719,641USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2023-0820,498USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2023-0921,285USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2023-1023,720USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2023-1123,864USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2023-1224,238USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2024-0126,412USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2024-0228,319USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2024-0330,172USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2024-0428,069USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2024-0532,271USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2024-0635,304USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2024-0736,124USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2024-0836,668USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2024-0937,576USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2024-1040,048USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2024-1140,951USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2024-1244,703USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2025-0145,341USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2025-0246,409USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2025-0346,593USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2025-0452,818USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2025-0548,210USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2025-0646,850USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2025-0747,810USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2025-0849,052USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2025-0950,700USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2025-1054,260USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2025-1153,043USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2025-1255,461USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2026-0156,211USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2026-0257,361USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2026-0358,121USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2026-0461,859USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2026-0565,688USD million, seasonally adjusted annual rate百万美元，季节调整年率as published已公布link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2026-0672,695USD million, seasonally adjusted annual rate百万美元，季节调整年率revised修订值link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2026-0779,007USD million, seasonally adjusted annual rate百万美元，季节调整年率revised修订值link链接
1. Macro and funding1. 宏观与资金US private construction spending: data centres美国私人建设支出：数据中心2026-0884,950USD million, seasonally adjusted annual rate百万美元，季节调整年率preliminary初值link链接
2. AI use2. AI 使用Tokens processed per month across Google's surfacesGoogle 各产品每月处理的 token2024-059.7 trillion9.7 万亿tokens per monthtoken/月Company statement, published 2026-05-19公司表述，2026-05-19 发布link链接
2. AI use2. AI 使用Tokens processed per month across Google's surfacesGoogle 各产品每月处理的 token2025-05roughly 480 trillion约480 万亿tokens per monthtoken/月Company statement, published 2026-05-19公司表述，2026-05-19 发布link链接
2. AI use2. AI 使用Tokens processed per month across Google's surfacesGoogle 各产品每月处理的 token2025-07980 trillion980 万亿tokens per monthtoken/月Company statement, published 2025-10-29公司表述，2025-10-29 发布link链接
2. AI use2. AI 使用Tokens processed per month across Google's surfacesGoogle 各产品每月处理的 token2025-10over 1,300 trillion超过1,300 万亿tokens per monthtoken/月Company statement, published 2025-10-29公司表述，2025-10-29 发布link链接
2. AI use2. AI 使用Tokens processed per month across Google's surfacesGoogle 各产品每月处理的 token2026-05over 3,200 trillion超过3,200 万亿tokens per monthtoken/月Company statement, published 2026-05-19公司表述，2026-05-19 发布link链接
2. AI use2. AI 使用Tokens per minute through Google's model APIs (direct customer use)Google 模型 API 每分钟处理的 token（客户直接调用）2025-107 billion70 亿tokens per minutetoken/分钟Company statement, published 2025-10-29公司表述，2025-10-29 发布link链接
2. AI use2. AI 使用Tokens per minute through Google's model APIs (direct customer use)Google 模型 API 每分钟处理的 token（客户直接调用）2026-05roughly 19 billion约190 亿tokens per minutetoken/分钟Company statement, published 2026-05-19公司表述，2026-05-19 发布link链接
2. AI use2. AI 使用Tokens per minute through Google's model APIs (direct customer use)Google 模型 API 每分钟处理的 token（客户直接调用）2026-07approximately 22 billion约220 亿tokens per minutetoken/分钟Company statement, published 2026-07-22公司表述，2026-07-22 发布link链接
2. AI use2. AI 使用Tokens per minute on OpenAI's API platformOpenAI API 平台每分钟处理的 token2025-106 billion60 亿tokens per minutetoken/分钟Company statement, published 2025-10-06公司表述，2025-10-06 发布link链接
2. AI use2. AI 使用Tokens per minute on OpenAI's API platformOpenAI API 平台每分钟处理的 token2026-03over 15 billion超过150 亿tokens per minutetoken/分钟Company statement, published 2026-03-31公司表述，2026-03-31 发布link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2024-03-31534MWEpoch estimateEpoch 估计link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2024-06-30935MWEpoch estimateEpoch 估计link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2024-09-301,381MWEpoch estimateEpoch 估计link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2024-12-312,015MWEpoch estimateEpoch 估计link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2025-03-312,688MWEpoch estimateEpoch 估计link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2025-06-303,948MWEpoch estimateEpoch 估计link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2025-09-304,669MWEpoch estimateEpoch 估计link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2025-12-316,774MWEpoch estimateEpoch 估计link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2026-03-318,352MWEpoch estimateEpoch 估计link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2026-06-3012,096MWEpoch estimateEpoch 估计link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2026-09-3013,744MWEpoch estimateEpoch 估计link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2026-12-3116,840MWEpoch projectionEpoch 预测link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2027-03-3119,099MWEpoch projectionEpoch 预测link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2027-06-3020,087MWEpoch projectionEpoch 预测link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2027-09-3021,945MWEpoch projectionEpoch 预测link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2027-12-3124,434MWEpoch projectionEpoch 预测link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2028-03-3129,732MWEpoch projectionEpoch 预测link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2028-06-3031,735MWEpoch projectionEpoch 预测link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2028-09-3032,524MWEpoch projectionEpoch 预测link链接
4. Construction4. 建设落地IT power in operation, tracked sites跟踪站点投运 IT 功率2028-12-3137,441MWEpoch projectionEpoch 预测link链接
3. Investment3. 投资Big-four cloud capex (sum of the four reported figures)四大云厂商资本开支（四家报告值之和）Q3 202458.86USD bn per quarter十亿美元/季度Reported; quarters matched by period end报告口径；按期间截止日对齐季度link链接
3. Investment3. 投资Big-four cloud capex (sum of the four reported figures)四大云厂商资本开支（四家报告值之和）Q4 202472.34USD bn per quarter十亿美元/季度Reported; quarters matched by period end报告口径；按期间截止日对齐季度link链接
3. Investment3. 投资Big-four cloud capex (sum of the four reported figures)四大云厂商资本开支（四家报告值之和）Q1 202571.90USD bn per quarter十亿美元/季度Reported; quarters matched by period end报告口径；按期间截止日对齐季度link链接
3. Investment3. 投资Big-four cloud capex (sum of the four reported figures)四大云厂商资本开支（四家报告值之和）Q2 202588.25USD bn per quarter十亿美元/季度Reported; quarters matched by period end报告口径；按期间截止日对齐季度link链接
3. Investment3. 投资Big-four cloud capex (sum of the four reported figures)四大云厂商资本开支（四家报告值之和）Q3 202597.27USD bn per quarter十亿美元/季度Reported; quarters matched by period end报告口径；按期间截止日对齐季度link链接
3. Investment3. 投资Big-four cloud capex (sum of the four reported figures)四大云厂商资本开支（四家报告值之和）Q4 2025118.63USD bn per quarter十亿美元/季度Reported; quarters matched by period end报告口径；按期间截止日对齐季度link链接
3. Investment3. 投资Big-four cloud capex (sum of the four reported figures)四大云厂商资本开支（四家报告值之和）Q1 2026129.75USD bn per quarter十亿美元/季度Reported; quarters matched by period end报告口径；按期间截止日对齐季度link链接
3. Investment3. 投资Big-four cloud capex (sum of the four reported figures)四大云厂商资本开支（四家报告值之和）Q2 2026165.05USD bn per quarter十亿美元/季度Reported; quarters matched by period end报告口径；按期间截止日对齐季度link链接
5. Industry delivery5. 产业兑现Combined sales of Vertiv, Johnson Controls, Carrier and Trane, year on yearVertiv、江森自控、开利、Trane 合计销售额同比Q3 2025+3.51%Reported, company-wide; calculated from the four sales figures报告口径，全公司；由四家销售额计算link链接
5. Industry delivery5. 产业兑现Combined sales of Vertiv, Johnson Controls, Carrier and Trane, year on yearVertiv、江森自控、开利、Trane 合计销售额同比Q4 2025+4.86%Reported, company-wide; calculated from the four sales figures报告口径，全公司；由四家销售额计算link链接
5. Industry delivery5. 产业兑现Combined sales of Vertiv, Johnson Controls, Carrier and Trane, year on yearVertiv、江森自控、开利、Trane 合计销售额同比Q1 2026+8.42%Reported, company-wide; calculated from the four sales figures报告口径，全公司；由四家销售额计算link链接
5. Industry delivery5. 产业兑现Combined sales of Vertiv, Johnson Controls, Carrier and Trane, year on yearVertiv、江森自控、开利、Trane 合计销售额同比Q2 2026+9.94%Reported, company-wide; calculated from the four sales figures报告口径，全公司；由四家销售额计算link链接
6. Forecasts6. 预测IEA, Energy and AI (2025-04): Global data centres, Base CaseIEA《Energy and AI》（2025-04）：全球数据中心，基准情景2024415TWhestimate估计link链接
6. Forecasts6. 预测IEA, Energy and AI (2025-04): Global data centres, Base CaseIEA《Energy and AI》（2025-04）：全球数据中心，基准情景2030~945TWhforecast预测link链接
6. Forecasts6. 预测IEA, Energy and AI (2025-04): Global data centres, Base CaseIEA《Energy and AI》（2025-04）：全球数据中心，基准情景2035~1,200TWhforecast预测link链接
6. Forecasts6. 预测IEA, Key Questions on Energy and AI (2026): Global data centresIEA《Key Questions on Energy and AI》（2026）：全球数据中心2025485TWhestimate估计link链接
6. Forecasts6. 预测IEA, Key Questions on Energy and AI (2026): Global data centresIEA《Key Questions on Energy and AI》（2026）：全球数据中心2030950TWhforecast预测link链接
6. Forecasts6. 预测Lawrence Berkeley National Laboratory, 2024 United States Data Center Energy Usage Report (2024-12): US data centresLawrence Berkeley National Laboratory《2024 United States Data Center Energy Usage Report》（2024-12）：美国数据中心2028325–580TWhforecast预测link链接
6. Forecasts6. 预测Alphabet: 2026 capex guidanceAlphabet：2026 年资本开支指引2026-02-04175–185USD bn十亿美元Company statement公司表述link链接
6. Forecasts6. 预测Alphabet: 2026 capex guidanceAlphabet：2026 年资本开支指引2026-04-29180–190USD bn十亿美元now includes the Intersect acquisition纳入 Intersect 收购link链接
6. Forecasts6. 预测Alphabet: 2026 capex guidanceAlphabet：2026 年资本开支指引2026-07-22195–205USD bn十亿美元faster delivery of capacity to meet demand加快交付容量以满足需求link链接
6. Forecasts6. 预测Meta: 2026 capex guidance (includes principal payments on finance leases)Meta：2026 年资本开支指引（含融资租赁本金支付）2026-01-28115–135USD bn十亿美元Company statement公司表述link链接
6. Forecasts6. 预测Meta: 2026 capex guidance (includes principal payments on finance leases)Meta：2026 年资本开支指引（含融资租赁本金支付）2026-04-29125–145USD bn十亿美元Company statement公司表述link链接
6. Forecasts6. 预测Meta: 2026 capex guidance (includes principal payments on finance leases)Meta：2026 年资本开支指引（含融资租赁本金支付）2026-07-29130–145USD bn十亿美元range narrowed (low end raised)区间收窄（下限上调）link链接
6. Forecasts6. 预测Amazon: 2026 capex guidanceAmazon：2026 年资本开支指引2026-02-05about 200约200USD bn十亿美元Later calls (April and July 2026) are published as audio only; any update there is not verified and not shown.之后的电话会（2026 年 4 月、7 月）只有音频；其中的更新未核实，不显示。link链接
6. Forecasts6. 预测Microsoft: 2026 capex guidanceMicrosoft：2026 年资本开支指引2026-04-29roughly 190约190USD bn十亿美元Includes about USD 25 bn from higher component prices; Microsoft gave its first calendar-2026 figure on this call.含约 250 亿美元的元器件涨价影响；这是 Microsoft 首次给出 2026 日历年数字。link链接
6. Forecasts6. 预测Microsoft: 2026 capex guidanceMicrosoft：2026 年资本开支指引2026-07-29approximately 175约175USD bn十亿美元lease reclassification, plan unchanged租赁重分类，计划不变link链接
microsoftcapexQ1 202514,923million USDreportedlink链接
alphabetcapexQ3 202413,061million USDreportedlink链接
amazoncapexQ3 202422,620million USDreportedlink链接
metacapexQ3 20248,258million USDreportedlink链接
microsoftcapexQ2 202515,804million USDreportedlink链接
alphabetcapexQ4 202414,276million USDreportedlink链接
amazoncapexQ4 202427,834million USDreportedlink链接
metacapexQ4 202414,425million USDreportedlink链接
microsoftcapexQ3 202516,745million USDreportedlink链接
alphabetcapexQ1 202517,197million USDreportedlink链接
amazoncapexQ1 202525,019million USDreportedlink链接
metacapexQ1 202512,941million USDreportedlink链接
microsoftcapexQ4 202517,079million USDreportedlink链接
alphabetcapexQ2 202522,446million USDreportedlink链接
amazoncapexQ2 202532,183million USDreportedlink链接
metacapexQ2 202516,538million USDreportedlink链接
microsoftcapexQ1 202619,394million USDreportedlink链接
alphabetcapexQ3 202523,953million USDreportedlink链接
amazoncapexQ3 202535,095million USDreportedlink链接
metacapexQ3 202518,829million USDreportedlink链接
microsoftcapexQ2 202629,876million USDreportedlink链接
alphabetcapexQ4 202527,851million USDreportedlink链接
amazoncapexQ4 202539,522million USDreportedlink链接
metacapexQ4 202521,383million USDreportedlink链接
microsoftcapexQ3 202630,876million USDreportedlink链接
alphabetcapexQ1 202635,674million USDreportedlink链接
amazoncapexQ1 202644,203million USDreportedlink链接
metacapexQ1 202618,997million USDreportedlink链接
microsoftcapexQ4 FY202635,802million USDreportedlink链接
alphabetcapexQ2 202644,924million USDreportedlink链接
amazoncapexQ2 202654,208million USDreportedlink链接
metacapexQ2 202630,116million USDreportedlink链接
vertivrevenueQ3 20242,073.5million USDreportedlink链接
jcirevenueQ4 20246,248million USDreportedlink链接
carrierrevenueQ3 20245,984million USDreportedlink链接
tranerevenueQ3 20245,441.2million USDreportedlink链接
vertivrevenueQ4 20242,346.4million USDreportedlink链接
jcirevenueQ1 20255,426million USDreportedlink链接
carrierrevenueQ4 20245,148million USDreportedlink链接
tranerevenueQ4 20244,874million USDreportedlink链接
vertivrevenueQ1 20252,036million USDreportedlink链接
jcirevenueQ2 20255,676million USDreportedlink链接
carrierrevenueQ1 20255,218million USDreportedlink链接
tranerevenueQ1 20254,688.5million USDreportedlink链接
vertivrevenueQ2 20252,638.1million USDreportedlink链接
jcirevenueQ3 20256,052million USDreportedlink链接
carrierrevenueQ2 20256,113million USDreportedlink链接
tranerevenueQ2 20255,746.4million USDreportedlink链接
vertivrevenueQ3 20252,675.8million USDreportedlink链接
jcirevenueQ4 20256,442million USDreportedlink链接
carrierrevenueQ3 20255,579million USDreportedlink链接
tranerevenueQ3 20255,742.5million USDreportedlink链接
vertivrevenueQ4 20252,880million USDreportedlink链接
jcirevenueQ1 20265,797million USDreportedlink链接
carrierrevenueQ4 20254,837million USDreportedlink链接
tranerevenueQ4 20255,144.5million USDreportedlink链接
vertivrevenueQ1 20262,649.5million USDreportedlink链接
jcirevenueQ2 20266,142million USDreportedlink链接
carrierrevenueQ1 20265,341million USDreportedlink链接
tranerevenueQ1 20264,969.4million USDreportedlink链接
vertivrevenueQ2 20263,274million USDreportedlink链接
jcirevenueQ3 20266,614million USDreportedlink链接
carrierrevenueQ2 20266,351million USDreportedlink链接
tranerevenueQ2 20266,353.5million USDreportedlink链接
vertivorders_growthQ4 2025252percent organiclink链接
jciorders_growthQ3 202627percent organiclink链接
carrierorders_growthQ2 202640percent reportedlink链接
traneorders_growthQ2 202637percent organiclink链接
traneadjusted_operating_marginQ2 202619.7percent adjustedlink链接
traneadjusted_operating_marginQ2 202520.3percent adjustedlink链接
carrieradjusted_operating_marginQ2 202617.2percent adjustedlink链接
carrieradjusted_operating_marginQ2 202519.1percent adjustedlink链接
jcibacklogQ3 202621billion USDreportedlink链接
nventadjusted_operating_marginQ2 202621.9percent adjustedlink链接
oraclecapexQ1 202728,499million USDreportedlink链接
traneorders_growthQ2 202639percent reportedlink链接
tranebacklogQ2 202612.1billion USDreportedlink链接
tranebook_to_billQ2 2026123percent reportedlink链接
vertivadjusted_operating_marginQ2 202622.6percent adjustedlink链接
carrieradjusted_operating_marginQ3 202514.8percent adjustedlink链接
carrieradjusted_operating_marginQ3 202417.4percent adjustedlink链接
carrieradjusted_operating_marginQ4 20259.4percent adjustedlink链接
carrieradjusted_operating_marginQ4 202413.2percent adjustedlink链接
carrierorders_growthQ1 202611percent reportedlink链接
carrieradjusted_operating_marginQ1 202611.1percent adjustedlink链接
carrieradjusted_operating_marginQ1 202516.3percent adjustedlink链接
jciorders_growthQ4 20256percent organiclink链接
jcibacklogQ4 202514.9billion USDreportedlink链接
jciorders_growthQ1 202639percent organiclink链接
jcibacklogQ1 202618.2billion USDreportedlink链接
jciorders_growthQ2 202630percent organiclink链接
jcibacklogQ2 202620billion USDreportedlink链接
nventbacklogQ1 20262.6billion USDreportedlink链接
oraclecapexQ1 20268,502million USDreportedlink链接
traneorders_growthQ3 202515percent reportedlink链接
tranebacklogQ3 20257.2billion USDreportedlink链接
traneorders_growthQ3 202513percent organiclink链接
traneadjusted_operating_marginQ3 202520.6percent adjustedlink链接
traneadjusted_operating_marginQ3 202418.9percent adjustedlink链接
traneorders_growthQ4 202522percent organiclink链接
tranebacklogQ4 20257.8billion USDreportedlink链接
tranebook_to_billQ4 2025112percent reportedlink链接
traneadjusted_operating_marginQ4 202516.3percent adjustedlink链接
traneadjusted_operating_marginQ4 202416.3percent adjustedlink链接
traneorders_growthQ1 202627percent reportedlink链接
tranebacklogQ1 202610.7billion USDreportedlink链接
tranebook_to_billQ1 2026135percent reportedlink链接
traneadjusted_operating_marginQ1 202616percent adjustedlink链接
traneadjusted_operating_marginQ1 202516.2percent adjustedlink链接
traneorders_growthQ1 202624percent organiclink链接
vertivorders_growthQ3 202560percent organiclink链接
vertivbacklogQ3 20259.5billion USDreportedlink链接
vertivadjusted_operating_marginQ3 202522.3percent adjustedlink链接
vertivadjusted_operating_marginQ3 202420.1percent adjustedlink链接
vertivbook_to_billQ3 20251.4ratio reportedlink链接
vertivbacklogQ4 202515billion USDreportedlink链接
vertivadjusted_operating_marginQ4 202523.2percent adjustedlink链接
vertivadjusted_operating_marginQ4 202421.5percent adjustedlink链接
vertivbook_to_billQ4 20252.9ratio reportedlink链接
vertivadjusted_operating_marginQ1 202620.8percent adjustedlink链接
vertivadjusted_operating_marginQ1 202516.5percent adjustedlink链接
vertivadjusted_operating_marginQ2 202518.5percent adjustedlink链接
oraclecapexQ2 FY202612,033million USDreportedlink链接
oraclecapexQ3 FY202618,635million USDreportedlink链接
oraclecapexQ3 FY20255,862million USDreportedlink链接
oraclecapexQ4 FY202616,493million USDreportedlink链接
oraclecapexQ4 FY20259,080million USDreportedlink链接
aurasmonthly_revenue2024-101,395,643thousand TWDreportedlink链接
aurasmonthly_revenue2024-111,370,207thousand TWDreportedlink链接
aurasmonthly_revenue2024-121,359,779thousand TWDreportedlink链接
aurasmonthly_revenue2025-011,372,849thousand TWDreportedlink链接
aurasmonthly_revenue2025-021,304,802thousand TWDreportedlink链接
aurasmonthly_revenue2025-031,736,460thousand TWDreportedlink链接
aurasmonthly_revenue2025-042,017,328thousand TWDreportedlink链接
aurasmonthly_revenue2025-051,620,073thousand TWDreportedlink链接
aurasmonthly_revenue2025-061,676,452thousand TWDreportedlink链接
aurasmonthly_revenue2025-071,737,663thousand TWDreportedlink链接
aurasmonthly_revenue2025-081,878,969thousand TWDreportedlink链接
aurasmonthly_revenue2025-092,340,447thousand TWDreportedlink链接
aurasmonthly_revenue2025-102,329,545thousand TWDreportedlink链接
aurasmonthly_revenue2025-112,443,608thousand TWDreportedlink链接
aurasmonthly_revenue2025-122,821,521thousand TWDreportedlink链接
aurasmonthly_revenue2026-013,041,929thousand TWDreportedlink链接
aurasmonthly_revenue2026-022,178,371thousand TWDreportedlink链接
aurasmonthly_revenue2026-033,329,237thousand TWDreportedlink链接
aurasmonthly_revenue2026-042,842,339thousand TWDreportedlink链接
aurasmonthly_revenue2026-053,138,892thousand TWDreportedlink链接
aurasmonthly_revenue2026-062,718,035thousand TWDreportedlink链接
aurasmonthly_revenue2026-073,765,466thousand TWDreportedlink链接
aurasmonthly_revenue2026-083,141,249thousand TWDreportedlink链接
aurasmonthly_revenue2026-092,884,061thousand TWDreportedlink链接
avcmonthly_revenue2024-107,080,952thousand TWDreportedlink链接
avcmonthly_revenue2024-117,192,067thousand TWDreportedlink链接
avcmonthly_revenue2024-126,631,051thousand TWDreportedlink链接
avcmonthly_revenue2025-016,801,065thousand TWDreportedlink链接
avcmonthly_revenue2025-028,022,033thousand TWDreportedlink链接
avcmonthly_revenue2025-038,509,853thousand TWDreportedlink链接
avcmonthly_revenue2025-049,108,166thousand TWDreportedlink链接
avcmonthly_revenue2025-059,880,100thousand TWDreportedlink链接
avcmonthly_revenue2025-0610,606,243thousand TWDreportedlink链接
avcmonthly_revenue2025-0711,811,435thousand TWDreportedlink链接
avcmonthly_revenue2025-0812,622,156thousand TWDreportedlink链接
avcmonthly_revenue2025-0914,503,309thousand TWDreportedlink链接
avcmonthly_revenue2025-1016,451,489thousand TWDreportedlink链接
avcmonthly_revenue2025-1117,382,240thousand TWDreportedlink链接
avcmonthly_revenue2025-1213,941,273thousand TWDreportedlink链接
avcmonthly_revenue2026-0117,003,457thousand TWDreportedlink链接
avcmonthly_revenue2026-0214,017,320thousand TWDreportedlink链接
avcmonthly_revenue2026-0318,017,169thousand TWDreportedlink链接
avcmonthly_revenue2026-0415,631,449thousand TWDreportedlink链接
avcmonthly_revenue2026-0515,871,396thousand TWDreportedlink链接
avcmonthly_revenue2026-0617,618,119thousand TWDreportedlink链接
avcmonthly_revenue2026-0718,590,152thousand TWDreportedlink链接
avcmonthly_revenue2026-0819,481,068thousand TWDreportedlink链接
avcmonthly_revenue2026-0921,018,128thousand TWDreportedlink链接