SPX Technologies (SPXC) Q3 2026 Earnings
How Did SPXC Stock React to Q3 2026 Earnings?
Did SPXC Beat Earnings? Q3 2026 Results
Yes. SPX Technologies reported Q3 2026 earnings of $2.21 a share on Oct 29, 2026, beating the $2.13 consensus estimate by 3.9%. Revenue was $714.5M against a $707.9M estimate.
SPX Technologies, Inc. delivered a solid third quarter of 2026, posting adjusted EPS of $2.21 against a consensus estimate of $2.13, a beat of 3.93% that extended the company's streak of exceeding EPS expectations to five consecutive quarters. Revenue of $714.50 million topped the $707.95 million consensus by 0.93% and climbed 20.5% year over year, driven almost entirely by the HVAC segment, where surging demand for data center cooling equipment, supported by newly expanded production capacity, lifted segment revenue 35.5% to $525.00 million. The strong top-line performance came with a margin trade-off; HVAC segment margin contracted 140 basis points to 23.0% as labor and supply chain inefficiencies tied to rapid volume growth and capacity buildout weighed on profitability, a dynamic that pressured shares ahead of the print given analyst price target cuts from several Wall Street firms. Looking ahead, management raised full-year 2026 revenue guidance to $2.75 billion to $2.81 billion while trimming its adjusted EBITDA outlook to $625 million to $645 million and narrowing adjusted EPS guidance to $8.20 to $8.50, reflecting both the growth opportunity and the near-term cost of capturing it.
- Higher volumes of cooling equipment driven by data center demand and increased capacity
- Higher volumes of heating products
- Inorganic HVAC growth of 13.0% from the Thermolec, Crawford, Neptronic and FIS Water acquisitions
- Consolidated organic revenue growth of 11.8%; HVAC organic growth of 22.3%
- Detection and Measurement margin up 260 bps on favorable mix in transportation and communication technologies
- Segment synergy benefits in the location and inspection and rehabilitation businesses
“We delivered another strong quarter, highlighted by robust revenue and earnings growth. HVAC continued to benefit from strong demand across key end markets, while Detection & Measurement delivered excellent profitability. Our results reflect the strength of our business model and the consistent execution of our teams.”
SPX Technologies CEO, on the earnings call
What Is SPX Technologies's Outlook?
SPX updated its full-year 2026 guidance, which excludes future acquisitions, incremental tariff impacts and foreign exchange changes after September 26, 2026. Total company: - Revenue: $2.745–$2.805 billion, up about 23% at the midpoint (prior $2.705–$2.765 billion). - Adjusted EBITDA: $625–$645 million at a 22.75%–23.00% margin, up about 25% at the midpoint (prior $630–$660 million at 23.30%–23.80%). - Adjusted EPS: $8.20–$8.50, up about 24% at the midpoint (prior $8.20–$8.60). By segment: - HVAC revenue: $1,995–$2,035 million (prior $1,955–$1,995 million), with segment margin of 23.10%–23.50% (prior 24.50%–25.00%). - Detection and Measurement revenue: unchanged at $750–$770 million, with segment margin raised to 27.00%–27.50% (prior 26.25%–26.75%).
SPXC YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $714.5M | $592.8M | +20.5% |
| Operating Income | $115.3M | $97.2M | +18.6% |
| Net Income | $81.9M | $63.1M | +29.8% |
SPXC Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.