SPXC SPX Technologies (SPXC) Q2 FY26 earnings call
SPX Technologies delivered a strong second quarter, driven by robust organic growth across both segments and strategic acquisitions. The company significantly increased its data center capacity expectations and raised its full-year guidance, reflecting strong demand and operational efficiencies. The recent Neptronic acquisition further enhances the HVAC portfolio, positioning SPX for continued growth and margin expansion, with management actively pursuing additional M&A opportunities.
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SPXC operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Backlog HVAC | $755MSegment backlog at quarter end was $755 million, up 38% organically year-over-year, primarily driven by data center demand.Source: earnings call transcript | $919MSegment backlog at quarter end was $919 million, up 59% organically year-over-year, primarily driven by strong data center demand.Source: earnings call transcript | +21.7% |
| Backlog Detection & Measurement | $333MSegment backlog at quarter end was $333 million, down modestly year-over-year.Source: earnings call transcript | $312MSegment backlog at quarter end was $312 million, down year-over-year, primarily driven by higher project volumes in the quarter.Source: earnings call transcript | -6.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.