SPX Technologies Guides FY2026 Revenue $2.57B After 19.4% Q4 Beat
SPX Technologies reported Q4 CY2025 revenue of $637.3 million, up 19.4% year-on-year and 1.5% above analysts’ expectations, alongside non-GAAP EPS of $1.88, beating forecasts by 0.7%. It guided FY2026 revenue to $2.57 billion (3.8% above consensus), with EPS of $7.80 and EBITDA of $605 million at the midpoint, topping estimates.
1. Q4 CY2025 Financial Results
SPX Technologies delivered Q4 CY2025 revenue of $637.3 million, a 19.4% increase year-on-year, beating expectations by 1.5%. Non-GAAP EPS reached $1.88, 0.7% above consensus, while operating margin slipped to 15.7% from 16.9% as free cash flow margin declined to 19.9%.
2. FY2026 Outlook and Guidance
The company projected FY2026 midpoint EPS of $7.80, 1.4% above consensus, and EBITDA of $605 million versus forecasts of $589.5 million. Management cited robust industrial HVAC and utility equipment demand as drivers of its stronger outlook.