SPX Technologies Tops Q2 Estimates and Lifts Full-Year Outlook on Data Center and HVAC Momentum

summarizeSummary

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.

check_boxKey Events · Earnings and Guidance · SPXC

• 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.

• 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).

• 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.

• Neptronic Acquisition Closed

  The Neptronic acquisition was completed in July 2026, funded with $340M in borrowings, broadening the HVAC portfolio with complementary products.

auto_awesomeAnalysis · 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.