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

SPX Technologies (NYSE:SPXC) updated 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.

SPX Technologies Price Performance

SPX Technologies stock traded up $20.36 during mid-day trading on Friday, reaching $219.66. The company had a trading volume of 1,036,386 shares, compared to its average volume of 580,009. The business has a fifty day simple moving average of $224.39 and a 200 day simple moving average of $217.59. The company has a market cap of $11.00 billion, a P/E ratio of 42.99, a P/E/G ratio of 1.38 and a beta of 1.27. SPX Technologies has a fifty-two week low of $179.17 and a fifty-two 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.

SPX Technologies (NYSE:SPXC) last announced its quarterly 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 10.76% and a return on equity of 16.98%. The company had revenue of $679.00 million during the quarter, compared to the consensus estimate of $640.18 million. During the same period in the prior year, the business earned $1.65 earnings per share. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. On average, equities research analysts predict that SPX Technologies will post 7.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SPXC shares. Wolfe Research reaffirmed an “outperform” rating and issued a $266.00 target price on shares of SPX Technologies in a report on Thursday, July 9th. Wall Street Zen downgraded SPX Technologies from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Wells Fargo & Company raised their price objective on shares of SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Oppenheimer reissued an “outperform” rating and set a $280.00 target price (up from $272.00) on shares of SPX Technologies in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. upped their price target on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $259.40.

Trending Headlines about SPX Technologies

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

• Positive Sentiment: SPX Technologies 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, also beating expectations of approximately $640 million. SPX Technologies Q2 earnings and revenues surpass estimates
• Positive Sentiment: Management raised its 2026 adjusted EPS guidance to $8.20-$8.60, implying an $8.40 midpoint above the prior outlook and the roughly $8.02 consensus estimate. Full-year revenue guidance of $2.7 billion-$2.8 billion also exceeds Wall Street expectations of about $2.6 billion. SPX Technologies raises 2026 guidance
• Positive Sentiment: The earnings call highlighted surging demand from data-center customers. SPXC expects approximately $1.1 billion of data-center-related capacity, supported by expanded production capabilities, strengthening its growth outlook in a high-demand market. SPXC Q2 earnings call highlights data center growth
• Positive Sentiment: Management also cited continued interest in acquisitions, suggesting potential for additional scale and growth through mergers and acquisitions. SPX Technologies Q2 earnings call highlights
• Neutral Sentiment: Analysts’ average recommendation remains “Moderate Buy,” although the stock’s elevated valuation means continued execution and delivery on the higher guidance will be important. SPX Technologies analyst recommendation

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its stake in SPX Technologies by 316.0% in the fourth quarter. Pacer Advisors Inc. now owns 10,770 shares of the company’s stock valued at $2,155,000 after acquiring an additional 8,181 shares during the period. Cambient Family Office LLC bought a new stake in SPX Technologies during the 4th quarter valued at $206,000. Compound Planning Inc. acquired a new position in SPX Technologies during the fourth quarter worth $312,000. State of Tennessee Department of Treasury lifted its stake in shares of SPX Technologies by 16.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 25,370 shares of the company’s stock valued at $5,287,000 after buying an additional 3,533 shares in the last quarter. Finally, Cim LLC grew its holdings in shares of SPX Technologies by 550.6% during the fourth quarter. Cim LLC now owns 10,124 shares of the company’s stock valued at $2,025,000 after buying an additional 8,568 shares during the last quarter. 92.82% of the stock is owned by institutional investors and hedge funds.

About SPX Technologies

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.