Q1 26 EPS
$1.69
BEAT +8.28%
Est. $1.56
Q1 26 Revenue
$566.8M
BEAT +1.64%
Est. $557.6M
vs S&P Since Q1 26
+9.9%
BEATING MARKET
SPXC +11.6% vs S&P +1.7%
Market Reaction
Did SPXC Beat Earnings? Q1 2026 Results
SPX Technologies, Inc. Delivered a notably strong first quarter of fiscal 2026, with adjusted EPS of $1.69 beating the $1.56 consensus estimate by 8.28% and revenue of $566.80 million topping expectations by 1.64% while climbing 17.4% year-over-year.… Read more SPX Technologies, Inc. Delivered a notably strong first quarter of fiscal 2026, with adjusted EPS of $1.69 beating the $1.56 consensus estimate by 8.28% and revenue of $566.80 million topping expectations by 1.64% while climbing 17.4% year-over-year. The primary engine behind the quarter was the company's HVAC segment, which surged 22.0% to $394.00 million, fueled by a combination of 9.6% organic growth tied to booming data center cooling demand and 11.5% inorganic contribution from recent acquisitions including Crawford United. Detection and Measurement added further momentum, growing 8.3% to $172.80 million with segment margins expanding 410 basis points to 27.0%, reflecting a richer mix of higher-margin SaaS revenue. Adjusted EBITDA rose 22.9% to $126.10 million as management raised full-year 2026 guidance across the board, lifting the adjusted EPS range to $7.75 to $8.15 and revenue guidance to $2.58 billion to $2.65 billion, underscoring confidence in sustained data center investment and acquisition synergies through the remainder of the year.
Key Takeaways
- • Inorganic growth from acquisitions of Sigma & Omega, Thermolec, Crawford United, and KTS
- • 7.4% consolidated organic revenue growth
- • Higher cooling product volumes driven by increased data center demand
- • Higher throughput from increased manufacturing capacity
- • Higher volumes of heating products
- • Favorable product mix in Detection & Measurement with higher SaaS revenue
- • Higher transportation systems volumes
- • Leverage on fixed costs, particularly SG&A, from higher volumes
SPXC Forward Guidance & Outlook
SPX raised its full-year 2026 guidance: Revenue range of $2.575 to $2.645 billion (up ~15% YoY at midpoint, prior range $2.535–$2.605 billion); Adjusted EBITDA range of $600 to $625 million (up ~21% YoY at midpoint, prior range $590–$620 million); Adjusted EPS range of $7.75 to $8.15 (up ~18% YoY at midpoint, prior range $7.60–$8.00). HVAC segment revenue guidance raised to $1,840–$1,880 million from $1,800–$1,840 million with segment income margin of 24.25%–24.75%. Detection & Measurement revenue guidance maintained at $735–$765 million with segment income margin of 25.50%–26.00%. Guidance excludes impacts from future acquisitions, incremental tariff and trade tension impacts on demand and costs subsequent to the filing date, and foreign exchange changes.
SPXC YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
SPXC Revenue by Segment
With YoY comparisons, source: SEC Filings
“We had a strong start to the year with growth in income from continuing operations and Adjusted EBITDA* in excess of 20%. We continue to see healthy demand across our key end markets and realize strong contributions from recent acquisitions. To reflect our strong first quarter performance and outlook for the remainder of the year, we are raising our full year guidance to reflect Adjusted EBITDA* growth of 21% at the midpoint.”
— Gene Lowe, Q1 2026 Earnings Press Release
SPXC Earnings Trends
SPXC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SPXC EPS Trend
Earnings per share: estimate vs actual
SPXC Revenue Trend
Quarterly revenue: estimate vs actual
SPXC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.56 | $1.69 | +8.28% | $566.8M | +1.64% |
| Q4 25 BEAT FY | $1.87 | $1.88 | +0.67% | $637.3M | +1.81% |
| FY Full Year | $6.74 | $6.76 | +0.24% | $2.27B | +0.51% |
| Q3 25 BEAT | $1.62 | $1.84 | +13.85% | $592.8M | +2.83% |
| Q2 25 BEAT | $1.45 | $1.65 | +13.61% | $552.4M | +1.12% |
| Q1 25 BEAT | $1.17 | $1.38 | +17.57% | $482.6M | +0.30% |