SPX Technologies Beats Q2 Estimates, Raises 2026 Guidance on Data Center Demand
SPXC sits 20% above its 52-week low of $177.63.
Summary
SPX Technologies delivered a strong Q2 beat, with revenue up 22.9% to $679M and adjusted EPS of $2.02, both above consensus. The company raised full-year 2026 guidance across the board—revenue now seen at $2.705-$2.765B, adjusted EBITDA at $630-$660M, and adjusted EPS at $8.20-$8.60—driven by data center cooling demand and recent acquisitions like Crawford United and Thermolec. This follows the Neptronic acquisition announced last week, reinforcing the HVAC expansion thesis. The stock closed at $187.65 on July 29, leaving significant upside to the $280 median analyst target. With data center tailwinds and integration synergies, the raised outlook signals confidence in sustained momentum.
At the time of this announcement, SPXC was trading at $212.87 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $10B. The 52-week trading range was $177.63 to $251.08. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.