SPX Technologies (NYSE:SPXC) Releases FY 2026 Earnings Guidance

SPX Technologies (NYSE:SPXC) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 8.200-8.600 for the period, compared to the consensus estimate of 8.020. The company issued revenue guidance of $2.7 billion-$2.8 billion, compared to the consensus revenue estimate of $2.6 billion.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Truist Financial raised their price objective on SPX Technologies from $261.00 to $295.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $280.00 target price (up from $272.00) on shares of SPX Technologies in a research note on Monday, July 20th. Wall Street Zen cut shares of SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Wolfe Research reissued an “outperform” rating and set a $266.00 price target on shares of SPX Technologies in a research note on Thursday, July 9th. Finally, Wells Fargo & Company upped their price objective on shares of SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $264.89.

SPX Technologies Trading Up 10.2%

SPXC stock traded up $20.36 during midday trading on Friday, hitting $219.66. The company had a trading volume of 1,036,453 shares, compared to its average volume of 572,364. The stock has a market cap of $11.00 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 1.46 and a beta of 1.27. SPX Technologies has a 52 week low of $179.17 and a 52 week high of $251.08. The company has a current ratio of 2.11, a quick ratio of 1.39 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average price is $224.63 and its 200 day moving average price is $217.60.

SPX Technologies (NYSE:SPXC) last issued its earnings results on Thursday, July 30th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.17. SPX Technologies had a net margin of 11.27% and a return on equity of 16.76%. The firm had revenue of $679.00 million for the quarter, compared to analysts’ expectations of $640.18 million. During the same quarter last year, the business earned $1.65 earnings per share. The business’s revenue was up 22.9% on a year-over-year basis. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, equities research analysts expect that SPX Technologies will post 7.98 earnings per share for the current fiscal year.

SPX Technologies News Roundup

Here are the key news stories impacting SPX Technologies this week:

• Positive Sentiment: SPX reported second-quarter adjusted earnings of $2.02 per share, above the $1.85 analyst consensus and up from $1.65 a year earlier. Revenue rose 22.9% year over year to $679 million, exceeding estimates of $640.18 million. SPX Reports Second Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 outlook to adjusted EPS of $8.20-$8.60, with an $8.40 midpoint above the prior consensus estimate of $8.02. Revenue guidance of $2.7 billion-$2.8 billion also exceeds the approximately $2.6 billion analyst expectation. SPX Technologies Raises 2026 Outlook
• Positive Sentiment: The earnings call highlighted surging data-center demand, expanded capacity and a potential data-center opportunity of roughly $1.1 billion. The company also emphasized continued mergers-and-acquisitions activity, supporting expectations for additional growth. SPXC Q2 Earnings Call Highlights
• Neutral Sentiment: Analysts maintain an overall “Moderate Buy” recommendation, although the stock’s elevated valuation—approximately 43 times earnings—could make it more sensitive to execution or guidance disappointments. SPX Technologies Analyst Recommendation

Institutional Trading of SPX Technologies

A number of institutional investors have recently modified their holdings of the company. Invesco Ltd. increased its holdings in SPX Technologies by 62.4% during the 3rd quarter. Invesco Ltd. now owns 1,879,216 shares of the company’s stock valued at $351,000,000 after purchasing an additional 722,039 shares during the period. ArrowMark Colorado Holdings LLC bought a new stake in shares of SPX Technologies in the 4th quarter worth approximately $34,898,000. HRT Financial LP purchased a new position in shares of SPX Technologies during the fourth quarter valued at approximately $31,218,000. Millennium Management LLC increased its stake in shares of SPX Technologies by 237.8% during the fourth quarter. Millennium Management LLC now owns 195,598 shares of the company’s stock valued at $39,131,000 after buying an additional 137,693 shares during the period. Finally, Amundi raised its holdings in shares of SPX Technologies by 1,064.4% during the third quarter. Amundi now owns 144,748 shares of the company’s stock valued at $27,072,000 after acquiring an additional 132,317 shares in the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

SPX Technologies Company Profile

SPX Technologies (NYSE:SPXC) is a diversified global supplier of highly engineered products and solutions serving industrial, municipal, energy and utility markets. The company designs, manufactures and supports a broad range of equipment that helps customers monitor, control and manage critical processes in water distribution, power generation, HVAC, refrigeration and industrial applications.

The company’s Detection & Measurement Technologies segment offers leak detection systems, pipe and asset assessment tools, fluid flow measurement devices, gas detection equipment and related services.