Hyperscaler Backlog $2.1 Trillion Amid Innovation Boom

Cloud Wars Live with Bob Evans · Jun 22, 2026 · 5m

Highlights

00:27 — It's not just business as usual for these companies, their customers, and others who are tied into these extraordinary enterprises. We're also seeing booms in innovation, not just in technology but in go-to-market models, business models, and more.

01:32 — The big part of this is that it's not just big numbers, but big numbers driving widespread, deep, and profound innovation. Here's how the $2.1 trillion breaks out across the four hyperscalers:

Backlog RPO Total Backlog RPO Growth Rate

Oracle $638 Billion 363%

Microsoft $627 Billion 99%

Google Cloud $462 Billion 93%

AWS…