SPX Technologies beats Q2 estimates on acquisitions, data center demand
SPXC•Outlook raised for 2026
The company raised its 2026 guidance on strong demand and acquisitions.
- 2026 revenue guidance: $2.705 billion to $2.765 billion, up from $2.575 billion to $2.645 billion
- 2026 adjusted EBITDA outlook: $630 million to $660 million, up from $600 million to $625 million
- 2026 adjusted EPS: $8.20 to $8.60, up from the prior $7.75 to $8.15 range
Drivers behind the quarter
- Data center demand - Higher volumes of cooling equipment, mainly from increased data center demand and expanded capacity, drove HVAC segment revenue growth.
- Acquisitions - Recent acquisitions, including Crawford United, Thermolec and Sigma & Omega, contributed to inorganic revenue growth in HVAC.
- Project volumes - Higher project volumes in aids to navigation and communication technologies businesses supported Detection & Measurement segment revenue growth.
Q2 results beat expectations
SPX Technologies said second-quarter revenue rose and beat analyst expectations, while adjusted EPS increased to , also topping estimates.
