SPX Technologies (NYSE:SPXC) Issues Quarterly Earnings Results, Beats Estimates By $0.17 EPS

SPX Technologies (NYSE:SPXC) released its earnings results on Thursday. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.17, FiscalAI reports. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The firm had revenue of $679.00 million for the quarter, compared to the consensus estimate of $640.18 million. During the same period in the prior year, the business posted $1.65 earnings per share. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. SPX Technologies updated its FY 2026 guidance to 8.200-8.600 EPS.

Here are the key takeaways from SPX Technologies’ conference call:

• Positive Sentiment: SPX reported a strong second quarter, with revenue up 23% year over year, adjusted EBITDA up 20%, and adjusted EPS up 22% to $2.02. Management raised full-year adjusted EPS guidance by $0.45 to a midpoint of $8.40, implying 27% adjusted EBITDA growth.
• Positive Sentiment: Robust data-center demand and improved production throughput led SPX to raise expected full-production data-center capacity to approximately $1.1 billion, versus its prior estimate of $750 million. Full production is still expected primarily in the second half of 2028, with a potential to accelerate if execution remains strong.
• Positive Sentiment: HVAC backlog increased 59% organically to $919 million, while data-center revenue expectations for 2026 rose to $430 million. The company cited strong hyperscaler visibility, customer relationships, and long-term agreements supporting continued growth.
• Positive Sentiment: The Neptronic acquisition expands SPX’s HVAC portfolio into controls, humidification, electric heating, and actuated valves, including products serving data centers. Management expects high-single-digit growth, sustainable margins above the HVAC segment average, and approximately $0.05–$0.06 of 2026 EPS accretion.
• Neutral Sentiment: Detection & Measurement delivered a 43% increase in segment income and a 610-basis-point margin expansion, but roughly half of the margin improvement reflected favorable project mix and much of the remainder came from a $15 million project pulled forward from the third quarter. Management expects fourth-quarter results to exceed third-quarter levels, while full-year D&M revenue is expected to be roughly flat before returning to normal growth thereafter.

SPX Technologies Stock Up 6.1%

SPX Technologies stock traded up $11.51 during trading on Thursday, reaching $199.16. 728,143 shares of the company’s stock were exchanged, compared to its average volume of 562,370. SPX Technologies has a 52-week low of $179.17 and a 52-week high of $251.08. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 1.38 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.39 and a current ratio of 2.11. The company’s 50-day moving average is $224.39 and its two-hundred day moving average is $217.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lido Advisors LLC boosted its position in shares of SPX Technologies by 1.6% in the fourth quarter. Lido Advisors LLC now owns 3,104 shares of the company’s stock worth $586,000 after buying an additional 50 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of SPX Technologies by 7.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 941 shares of the company’s stock valued at $188,000 after buying an additional 62 shares during the period. Private Advisor Group LLC lifted its position in SPX Technologies by 1.2% during the 3rd quarter. Private Advisor Group LLC now owns 7,200 shares of the company’s stock worth $1,345,000 after acquiring an additional 84 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in SPX Technologies by 1.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 6,007 shares of the company’s stock worth $1,202,000 after acquiring an additional 86 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in SPX Technologies by 0.9% in the 3rd quarter. Captrust Financial Advisors now owns 11,859 shares of the company’s stock worth $2,215,000 after acquiring an additional 106 shares during the period. Institutional investors and hedge funds own 92.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Oppenheimer reiterated an “outperform” rating and set a $280.00 price objective (up from $272.00) on shares of SPX Technologies in a report on Monday, July 20th. Truist Financial lifted their price target on shares of SPX Technologies from $261.00 to $295.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Wolfe Research reissued an “outperform” rating and set a $266.00 price objective on shares of SPX Technologies in a research note on Thursday, July 9th. Wells Fargo & Company upped their price objective on SPX Technologies from $225.00 to $240.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on SPX Technologies from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, SPX Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.30.

SPX Technologies News Summary

Here are the key news stories impacting SPX Technologies this week:

• Positive Sentiment: Q2 earnings and revenue exceeded estimates. SPXC reported adjusted earnings of $2.02 per share, ahead of the $1.85 consensus and up from $1.65 a year earlier. Revenue rose 22.9% year over year to $679 million, surpassing analysts’ $640.18 million forecast. SPX Technologies Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Full-year guidance is above consensus. SPX raised or reaffirmed fiscal 2026 EPS guidance at $8.20-$8.60, compared with the $8.02 analyst estimate. Revenue guidance of $2.7-$2.8 billion also exceeds the $2.6 billion consensus, signaling continued confidence in demand and execution. SPX Reports Second Quarter 2026 Results
• Positive Sentiment: Profitability remained solid. The company reported a 10.76% net margin and 16.98% return on equity, while quarterly earnings growth suggests improving operating performance. SPX Technologies Earnings Report
• Neutral Sentiment: Analysts’ average rating remains “Moderate Buy,” providing supportive but not uniformly bullish sentiment around SPXC. SPX Technologies Receives Moderate Buy Recommendation
• Negative Sentiment: At roughly 39 times earnings, SPXC carries a premium valuation. The shares also remain below their 50-day and 200-day moving averages, which could limit gains if investors believe the strong results were already reflected in the price.

SPX Technologies Company Profile

SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.

The company’s Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.