Jun 2026 (Q2 FY26) — Jul 30, 2026
SPX Technologies Q2 FY26 — Strong Data Center Demand Drives Raised Full-Year Outlook
Read the full callSPX Technologies (SPXC) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
SPX Technologies earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 679 | +22.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 16.9 | +1.3 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 78.4 | +50.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
13 of 14 judged targets kept · 23 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted EBITDA growth | approximately 20% year-on-year growth | Dec 2025 | The midpoint of our updated guidance now implies 27% adjusted EBITDA growth | Revised Up |
| Madison, Alabama facility assembly and production capability timeline | assembly capability in the latter half of 2026; initial production capability in the first half of 2027 | Dec 2025 | In July, we launched assembly activities for the OlympusMAX at our new Madison, Alabama facility and will add production capabilities in this facility during the first half of 2027 | On Track |
| TAMCO Tennessee facility production start | begin production by end of Q1 FY26 | Dec 2025 | In Q1, we began producing highly engineered aluminum dampers in TAMCO's new Tennessee facility and expect production to steadily increase throughout the year | Achieved |
1 of SPX Technologies, Inc.'s 37 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 34 more targets are in the full ledger.
Claimed
- Adjusted EBITDA grew 20% year-over-year in Q2 FY26.
- Adjusted EPS increased 22% to $2.02 in Q2 FY26.
- Total data center capacity expectation raised to $1.1 billion from $750 million.
- Full-year 2026 adjusted EPS guidance midpoint increased by $0.45 to $8.40.
- Neptronic acquisition strategically strengthens HVAC segment and is expected to be accretive by $0.05-$0.06 to FY26 EPS.
Qualified
- HVAC segment margin declined 260 basis points in Q2 FY26, primarily due to capacity expansion-related start-up costs and net tariff impacts.
- Detection & Measurement segment backlog was down year-over-year at quarter end, driven by higher project volumes executed in the quarter.
Price
$166.5 +0.28% · +$0.46
Performance −9.5% 1Y
1Y: $184.04 on 17 Oct 2025 → $166.5. High $246.41 (22 Jun 2026), low $166.04 (16 Oct 2026).
- Previous close
- $166.04
- 52-week range
- $166.04 – $246.41
- One year
- −9.99%
Overview
- Symbol
- SPXC
- Sector
- Materials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
13 of 14 judged targets kept · 23 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted EBITDA growth | approximately 20% year-on-year growth | Dec 2025 | The midpoint of our updated guidance now implies 27% adjusted EBITDA growth | Revised Up |
| Madison, Alabama facility assembly and production capability timeline | assembly capability in the latter half of 2026; initial production capability in the first half of 2027 | Dec 2025 | In July, we launched assembly activities for the OlympusMAX at our new Madison, Alabama facility and will add production capabilities in this facility during the first half of 2027 | On Track |
| TAMCO Tennessee facility production start | begin production by end of Q1 FY26 | Dec 2025 | In Q1, we began producing highly engineered aluminum dampers in TAMCO's new Tennessee facility and expect production to steadily increase throughout the year | Achieved |
Claimed
- Adjusted EBITDA grew 20% year-over-year in Q2 FY26.
- Adjusted EPS increased 22% to $2.02 in Q2 FY26.
- Total data center capacity expectation raised to $1.1 billion from $750 million.
- Full-year 2026 adjusted EPS guidance midpoint increased by $0.45 to $8.40.
- Neptronic acquisition strategically strengthens HVAC segment and is expected to be accretive by $0.05-$0.06 to FY26 EPS.
Qualified
- HVAC segment margin declined 260 basis points in Q2 FY26, primarily due to capacity expansion-related start-up costs and net tariff impacts.
- Detection & Measurement segment backlog was down year-over-year at quarter end, driven by higher project volumes executed in the quarter.
The full ledger
Open SPX Technologies, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 37 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
SPX Technologies Q1 FY26 — Strong Start Driven by Data Center Demand and Strategic M&A
Read the full callDec 2025 (Q4 FY25) — Feb 24, 2026
SPX Technologies Q4 FY25 — Strong Growth and Strategic Capacity Expansion
Read the full callEvery analysed call
SPX Technologies earnings calls (SPXC)
Financials
What the filings say
Net profit, year on year: +50% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 484 | 534 | 483 | 552 | 593 | 637 | 567 | 679 |
| Operating profit | 79 | 90 | 67 | 87 | 97 | 100 | 88 | 115 |
| Operating margin | 16.3% | 16.9% | 13.8% | 15.7% | 16.4% | 15.7% | 15.5% | 16.9% |
| Interest | 12 | 11 | 12 | 16 | 12 | 8 | 8 | 9 |
| Profit before tax | 66 | 78 | 58 | 70 | 82 | 105 | 77 | 102 |
| Tax rate | 22.9% | 27.5% | 10.7% | 24.9% | 22.6% | 25.4% | 16.8% | 22.4% |
| Net profit | 50 | 57 | 51 | 52 | 63 | 78 | 60 | 78 |
| EPS ($ per share) | 1.08 | — | 1.10 | 1.12 | 1.30 | — | 1.20 | 1.57 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | -650 | -585 | -477 | -52 | -52 | 38 | 239 | 483 |
| Total liabilities | 1,634 | 1,656 | 1,694 | 1,526 | 852 | 1,245 | 1,330 | 1,367 |
| Fixed assets | 184 | 179 | 107 | 113 | 110 | 141 | 218 | 291 |
| Total assets | 2,058 | 2,168 | 2,334 | 2,629 | 1,931 | 2,440 | 2,715 | 3,605 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 111 | 149 | 126 | 175 | -137 | 209 | 286 | 333 |
| Cash from investing | -181 | -154 | -126 | 314 | -66 | -570 | -284 | -561 |
| Cash from financing | 17 | -11 | 16 | -168 | -39 | 310 | 53 | 426 |
| Net cash flow | -55 | -14 | 14 | 328 | -239 | -52 | 57 | 205 |
| Capital expenditure | -12 | -13 | -15 | -10 | -16 | -24 | -38 | -92 |
| Free cash flow | 98 | 135 | 111 | 165 | -153 | 185 | 248 | 241 |
SPXC revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| HVAC Reportable | 71% | 69% | — | 68% | 65% | 68% | 70% | 71% | +27.6% |
| Detection and Measurement Reportable | 29% | 31% | — | 32% | 35% | 32% | 30% | 29% | +12.9% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
SPXC operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | 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.
Revenue by region
Q2 FY2026 · share of revenue
- US 79% ↓ 4 pt
- CA 10% ↑ 4 pt
- Other Foreign Countries 4%
- CN 3% ↑ 1 pt
- GB 3%
As SPXC cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
68 filings between Nov 19, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$19.90M
11 sales by 3 insiders
Compensation
not trading decisions- 23
- Award — granted as compensation
- 3
- Option exercise — converted options into shares
- 26
- Tax withheld — shares kept back by the company to cover tax
Also filed: 5 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Lowe Eugene Joseph III | — | $9.33M | Mar 2, 2026 |
| Swann John William III | — | $7.99M | Nov 19, 2025 |
| Data J Randall | — | $2.58M | Dec 11, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Carpenter Jennifer VP AND CHRO | Tax withheld | 183 | $31.1K |
| Aug 31, 2026 | Toth Robert B Director | Gift | 24,892 | $0 |
| Aug 31, 2026 | Toth Robert B Director | Gift | 24,892 | $0 |
| Aug 10, 2026 | Toth Robert B Director | Gift | 24,892 | $0 |
| Aug 10, 2026 | Toth Robert B Director | Gift | 24,892 | $0 |
| Jul 27, 2026 | Deck Brian A Director | Award | 542 | — |
| May 12, 2026 | OLEARY PATRICK J Director | Award | 754 | — |
| May 12, 2026 | ROBERTS DAVID A Director | Award | 754 | — |
| May 12, 2026 | Willis Angel S Director | Award | 754 | — |
| May 12, 2026 | Utley Tana Leigh Director | Award | 754 | — |
| May 12, 2026 | Sethna Meenal Director | Award | 754 | — |
| May 12, 2026 | Toth Robert B Director | Award | 754 | — |
| May 12, 2026 | SHAW RUTH G Director | Award | 754 | — |
| May 12, 2026 | PUCKETT RICK D Director | Award | 754 | — |
| Mar 3, 2026 | Lowe Eugene Joseph III PRESIDENT AND CEO | Tax withheld | 1,631 | $367.0K |
| Mar 3, 2026 | Carano Mark A VP, CFO & TREASURER | Tax withheld | 262 | $59.0K |
| Mar 3, 2026 | Carpenter Jennifer VP AND CHRO | Tax withheld | 79 | $17.8K |
| Mar 3, 2026 | McLaren Wayne M. CHIEF ACCOUNTING OFFICER | Tax withheld | 80 | $18.0K |
| Mar 3, 2026 | McClenaghan Sean PRESIDENT, HVAC SEGMENT | Tax withheld | 278 | $62.6K |
| Mar 3, 2026 | Swann John William III PRES., DETECTION & MEASUREMENT | Tax withheld | 196 | $44.1K |
| Mar 2, 2026 | Carano Mark A VP, CFO & TREASURER | Award | 3,363 | — |
| Mar 2, 2026 | Whitman Daniel Jay VP, GEN. COUNSEL & SECRETARY | Award | 1,842 | — |
| Mar 2, 2026 | Lowe Eugene Joseph III PRESIDENT AND CEO | Award | 19,536 | — |
| Mar 2, 2026 | Carpenter Jennifer VP AND CHRO | Award | 1,602 | — |
| Mar 2, 2026 | McClenaghan Sean PRESIDENT, HVAC SEGMENT | Award | 4,164 | — |
| Mar 2, 2026 | McLaren Wayne M. CHIEF ACCOUNTING OFFICER | Award | 662 | — |
| Mar 2, 2026 | Lowe Eugene Joseph III PRESIDENT AND CEO | Sale | 6,508 | $1.46M |
| Mar 2, 2026 | Lowe Eugene Joseph III PRESIDENT AND CEO | Option exercise | 82,405 | $2.26M |
| Mar 2, 2026 | Lowe Eugene Joseph III PRESIDENT AND CEO | Sale | 5,078 | $1.15M |
| Mar 2, 2026 | Lowe Eugene Joseph III PRESIDENT AND CEO | Sale | 29,830 | $6.72M |
| Mar 1, 2026 | Lowe Eugene Joseph III PRESIDENT AND CEO | Tax withheld | 2,507 | $568.9K |
| Mar 1, 2026 | Carano Mark A VP, CFO & TREASURER | Tax withheld | 414 | $94.0K |
| Mar 1, 2026 | Data J Randall PRES., HEATING AND GLOBAL OPER | Tax withheld | 397 | $90.1K |
| Mar 1, 2026 | McLaren Wayne M. CHIEF ACCOUNTING OFFICER | Tax withheld | 125 | $28.4K |
| Mar 1, 2026 | Swann John William III PRES., DETECTION & MEASUREMENT | Tax withheld | 356 | $80.8K |
| Mar 1, 2026 | McClenaghan Sean PRESIDENT, HVAC SEGMENT | Tax withheld | 384 | $87.1K |
| Feb 28, 2026 | Lowe Eugene Joseph III PRESIDENT AND CEO | Tax withheld | 1,816 | $412.1K |
| Feb 28, 2026 | Carano Mark A VP, CFO & TREASURER | Tax withheld | 305 | $69.2K |
| Feb 28, 2026 | Swann John William III PRES., DETECTION & MEASUREMENT | Tax withheld | 264 | $59.9K |
| Feb 28, 2026 | Data J Randall PRES., HEATING AND GLOBAL OPER | Tax withheld | 456 | $103.5K |
| Feb 28, 2026 | McLaren Wayne M. CHIEF ACCOUNTING OFFICER | Tax withheld | 112 | $25.4K |
| Feb 28, 2026 | McClenaghan Sean PRESIDENT, HVAC SEGMENT | Tax withheld | 356 | $80.8K |
| Feb 24, 2026 | McClenaghan Sean PRESIDENT, HVAC SEGMENT | Tax withheld | 2,834 | $672.2K |
| Feb 24, 2026 | McClenaghan Sean PRESIDENT, HVAC SEGMENT | Award | 2,580 | — |
| Feb 24, 2026 | Swann John William III PRES., DETECTION & MEASUREMENT | Tax withheld | 3,216 | $762.8K |
| Feb 24, 2026 | Swann John William III PRES., DETECTION & MEASUREMENT | Award | 2,580 | — |
| Feb 24, 2026 | Lowe Eugene Joseph III PRESIDENT AND CEO | Tax withheld | 22,562 | $5.35M |
| Feb 24, 2026 | Lowe Eugene Joseph III PRESIDENT AND CEO | Award | 14,619 | — |
| Feb 24, 2026 | Carano Mark A VP, CFO & TREASURER | Tax withheld | 3,717 | $881.6K |
| Feb 24, 2026 | Carano Mark A VP, CFO & TREASURER | Award | 2,408 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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