Tech and industrial companies reporting large increases in backlog or RPO vs. prior year. Includes companies reporting an increase above 50% or a company record. The press release and earnings call from the most recent quarter is used as the source.
| ticker | Company Name | Disclosure meeting criteria | Context needed to assess >50% increase or record quarter/year | Normalize | Source | Market Cap | Subsector |
|---|---|---|---|---|---|---|---|
| $QBTS | D-Wave Quantum Inc. | “As of March 31, 2026, the aggregate amount of remaining performance obligations (RPOs) ... totaled $42.4 million, an increase of $36.0 million, or 563%, from the first quarter of 2025 ... and an increase of $29.0 million, or 216%, from the immediately prior fourth quarter of 2025...” | Explicitly qualifies on >50% growth. Earnings call also notes D-Wave refers to RPOs “as ... RPOs or backlog.” | 563% | May 12, 2026 Earnings Release; May 12, 2026 Earnings Call | $8.51B | Computer Hardware |
| $IONQ | IonQ Inc. | “As of March 31, 2026, our remaining performance obligations or RPOs stood at $470 million compared to approximately $72 million a year ago. That represents a growth of 554% year-over-year.” | Also described in the press release as “reported RPOs by 554% year-on-year to a new record level of $470 million,” satisfying both >50% and record criteria. | 554% | May 6, 2026 Earnings Call; May 6, 2026 Earnings Release | $20.01B | Computer Hardware |
| $BW | Babcock & Wilcox Enterprises, Inc. | Backlog was $2.7 billion in Q1 2026, a 483% increase vs. Q1 2025. | Explicitly qualifies on >50% growth. Company also states “bookings and backlog are our measures of remaining performance obligations under our sales contracts.” | 483% | May 11, 2026 Earnings Call; May 11, 2026 Earnings Release | $2.14B | Specialty Industrial Machinery |
| $CRWV | CoreWeave Inc. | “Revenue backlog for the quarter ended at $99.4 billion, up nearly 50% sequentially and close to 4x year-over-year.” | “Close to 4x year-over-year” indicates well above 50%. Press release says revenue backlog “includes remaining performance obligations, plus other amounts ... under committed customer contracts.” | close to 4x | May 7, 2026 Earnings Call; May 7, 2026 Earnings Release | $55.03B | Software - Infrastructure |
| $ORCL | Oracle Corp | “Remaining Performance Obligations, or RPO, ended the quarter at $638 billion, up 363% USD year-over-year and up $85 billion sequentially from the end of Q3.” | Explicitly qualifies on >50% growth. Oracle added: “This unprecedented level of RPO provides exceptional visibility...” and said most of the increase came from large-scale AI contracts. | 363% | Jun 10, 2026 Earnings Release; Jun 10, 2026 Earnings Call | $453.76B | Software - Infrastructure |
| $FPS | Forgent Power Solutions Inc | “As of March 31, 2026, backlog was at a record of nearly $2 billion, up 157% year-over-year and 33% sequentially.” | Explicitly satisfies both criteria. Company also said: “This is the highest backlog level in Forgent's history...” | 157% | May 14, 2026 Earnings Call | $14.68B | Electrical Equipment & Parts |
| $PLTR | Palantir Technologies Inc. | “We ended the first quarter with… $4.5 billion in remaining performance obligations, an increase of 134% year-over-year and 9% sequentially.” | Explicitly qualifies on >50% growth. Management noted RPO is “primarily comprised of our commercial business” because many government contracts are excluded. | 134% | May 4, 2026 Earnings Call; May 4, 2026 Earnings Release | $272.12B | Software - Infrastructure |
| $PL | Planet Labs PBC | “At the end of Q1, our remaining performance obligations or RPOs were approximately $816 million, up over 80% year-over-year...” and “We estimate our backlog ... to be approximately $906 million, up approximately 72% year-over-year.” | Explicitly qualifies on >50% growth for both RPO and backlog. Planet also defines backlog as RPO plus cancelable contract value. | 80% | Jun 4, 2026 Earnings Call; Jun 4, 2026 Earnings Release | $9.37B | Aerospace & Defense |
