Makes the power and cooling (thermal-management) infrastructure that keeps dense AI data centers running.
| Indicator | Score | Band |
|---|---|---|
| Depreciation Integrity | 18 | GREEN (~15–22) |
| Capex-vs-Demand Gap | 73 | RED–AMBER (~68–78) |
| Insider-Selling Intensity | 47 | AMBER (~42–52) |
| Financing Opacity / Circular Leverage | 37 | GREEN–AMBER (~32–42) |
| Energy & Diminishing Returns | 50 | AMBER (~45–55) |
| Organic End-User Demand | 67 | RED–AMBER (~62–72) |
Q. Q4 FY2025 organic orders surged +252% YoY and book-to-bill hit ~2.9×, bringing backlog to $15.0B — up 109% in one year. Your own FY2025 10-K says enterprise datacenter square footage 'has generally been flat for the past three years.' Who is actually ordering, and what are they building for?
A. Both facts are primary from the same filings: Q4 organic orders +252% YoY, book-to-bill ~2.9×, backlog $15.0B (+109%) from the Q4 FY25 earnings release (2026-02-11) and FY2025 10-K Item 1. Enterprise DC square footage flat for three years is verbatim FY2025 10-K Item 1. The 10-K itself resolves the apparent contradiction: growth is hyperscale, colocation, and neocloud — the sheet estimates ~85% of
EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.
AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails
SEC XBRL companyfacts · every row carries its accession · 8 quarters · refreshes off the 8-K 2.02 earnings event
Watching: Capex vs demand, Organic demand before the print.
Earnings window. no dated next-print for this firm in the calendar yet — the 59-of-68 coverage gap.
Score 47.0/100 from the engine.
No discretionary (no-plan) open-market selling on the recent record — plan sales, gifts and awards stated as what they are.
| Owner | Role | Date | Type | Value | Basis |
|---|---|---|---|---|---|
| Karlborg Anders | EVP, Man., Logistics a | 2026-06-25 | Award | — | — |
| Armul Scott | Chief Product and Tech | 2026-06-25 | Award | — | — |
| Sanghi Anand | Pres. Americas | 2026-06-25 | Award | — | — |
| Johnson Eric M. | Chief Accounting Offic | 2026-06-25 | Award | — | — |
| Shen Wei | President, Greater Chi | 2026-06-25 | Award | — | — |
EDGAR Form 4, parsed structured · last 5 txns · asof 2026-07-20 · refreshes off the Form-4 event class
Pending analysis. not yet determined — on the follow-up ledger as of 2026-07-13. A dated commitment, not an apology.
Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).
≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday
Notes. held open — The desk has not ruled this slot.
Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.