US Industrials & Tech: The Data Center Project Pipeline - Capacity, Construction & Cancellations (Jun ‘26)

Research evidence excerpt

US Industrials & Tech: The Data Center Project Pipeline - Capacity, Construction & Cancellations (Jun ‘26)

9 July 2026

US Industrials & Tech

US Industrials & Tech: The Data Center Project Pipeline - Capacity,

Construction & Cancellations (Jun '26)

In this note, we update our monthly Data Center Capacity Tracker series, a comprehensive Chad Dillard

+1 917 344 8469 monitor of N. American data center capacity by stage of development, operator, and

chad.dillard@bernsteinsg.com geography. To gain recurring access to the excel-based version of this data feed,

please reach out to your salesperson. For our server model and performance of semi/

Alasdair Leslie hardware suppliers in AI supply chain, see our latest AI Server Pulse check.

+44 20 7762 4952

alasdair.leslie@bernsteinsg.com

Project Pipeline. Over the last month, the data center project pipeline grew by 4%, up 14

GW to 338 GW. Hyperscalers (3.5 GW), developers (2.2 GW), and colos (2 GW) drove the Madison Rezaei

+1 917 344 8622 majority of the growth this month, accounting for 50% of the increase (5 GW remain not

madison.rezaei@bernsteinsg.com disclosed). Of the hyperscalers, Google (1.8 GW) and Amazon (1.4 GW) drove 90%+ of the

M/M increase. For developer and colos, EdgeConnex (1.5 GW), Beale Infrastructure (1.4

Varun Govindaraj GW), Beltline (1.2 GW), Digital Realty (836 MW) Applied Digital (640 MW) and QTS (309 +1 917 344 8543

varun.govindaraj@bernsteinsg.com MW) the largest M/M increases. From a geographic standpoint, Texas saw the greatest

(3 GW) increase. On a cumulative TTM basis, the change in pipeline is down (for only the

Gautam Chhugani second month this year) by 4% M/M from 225 GW to 217 GW.

+91 226 842 1416

gautam.chhugani@bernsteinsg.com Under Construction.