SPX Technologies (SPXC) is moving higher on April 30, 2026 after posting first-quarter 2026 earnings that showed double-digit year-over-year growth and a guidance increase for the full year. The company reported Q1 revenue of $566.8 million (+17.4% YoY) and adjusted EPS of $1.69 (+22.5% YoY), then lifted its 2026 outlook for revenue, adjusted EBITDA, and adjusted EPS.

For Q1 2026 (ended March 28, 2026), SPX posted GAAP EPS of $1.27 (+15.5% YoY) and adjusted EBITDA of $126.1 million (+22.9% YoY). The bigger catalyst is the full-year reset: SPX raised 2026 revenue guidance to $2.575–$2.645 billion (from $2.535–$2.605 billion) and lifted adjusted EBITDA guidance to $600–$625 million (from $590–$620 million). SPX also raised adjusted EPS guidance to $7.75–$8.15 (from $7.60–$8.00).

SPX pointed to growth across its businesses, including Detection & Measurement revenue of $172.8 million in Q1 2026 versus $159.6 million a year earlier, with drivers including acquisition impact (KTS) and higher volumes in transportation systems. In HVAC, SPX flagged that capacity expansion initiatives are creating incremental start-up costs and related inefficiencies, which pressured segment margin even as revenue rose—an area investors will scrutinize for how quickly productivity improves as new capacity ramps.

Alongside the earnings beat-and-raise, investors will track leverage and cash dynamics after SPX disclosed total debt of $674.0 million and cash of $158.3 million at quarter end (versus $501.6 million debt and $366.0 million cash at Q4 2025). The next key checkpoint is management’s commentary on demand, pricing, and the margin trajectory as expansion-related costs work through the P&L.