SPX Technologies Tops Q2 Estimates and Lifts Full-Year Outlook on Data Center and HVAC Momentum
SPXC sits 20% above its 52-week low of $177.63.
Summary
SPX Technologies posted Q2 2026 revenue of $679M (up 22.9% YoY) and adjusted EPS of $2.02, exceeding estimates, and raised full‑year guidance on robust data center and HVAC demand.
Key Events · Earnings and Guidance · SPXC
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Q2 Revenue and Earnings Beat
Revenue came in at $679.0M, a 22.9% year‑over‑year increase; GAAP EPS rose 41.8% to $1.56, while adjusted EPS advanced 22.4% to $2.02.
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Full-Year Guidance Raised
The revenue outlook was lifted to $2.705–$2.765B (midpoint implying ~21% YoY growth), with adjusted EBITDA now seen at $630–$660M (~27% YoY growth) and adjusted EPS at $8.20–$8.60 (~24% YoY growth).
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Data Center Capacity Expansion
Estimated annual data center revenue capacity was increased to approximately $1.1B at full production, as initial assembly of Olympus Max gets underway at the Madison, AL facility.
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Neptronic Acquisition Closed
The Neptronic acquisition was completed in July 2026, funded with $340M in borrowings, broadening the HVAC portfolio with complementary products.
Analysis · SPXC · Technology
A strong second quarter saw SPX Technologies beat consensus with revenue climbing 22.9% to $679M and adjusted EPS reaching $2.02. Bolstered by surging data center demand and the Neptronic acquisition, management raised full-year guidance across the board—now projecting adjusted EBITDA of $630–$660M and adjusted EPS of $8.20–$8.60. The company also lifted its estimated data center revenue capacity to roughly $1.1B at full production, underscoring confidence in sustained growth. These results and the upwardly revised outlook materially improve the near‑term picture and validate the strategic push into high‑growth end markets.
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In the 30 days to Sep 14, 2026, 35.8% of the 1045 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SPXC was trading at $212.87 on NYSE in the Technology sector, with a market capitalization of approximately $10B. The 52-week trading range was $177.63 to $251.08. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.