SPX Technologies Lifts 2026 Outlook After Q2 Revenue Jumps 23% to $679 Million
Updated
Updated · Yahoo Finance · Aug 1
SPX Technologies Lifts 2026 Outlook After Q2 Revenue Jumps 23% to $679 Million
3 articles · Updated · Yahoo Finance · Aug 1
Summary
SPX raised its full-year targets after fiscal second-quarter revenue climbed 23% to $679 million, adjusted EBITDA rose 20% to $152 million, and adjusted EPS increased 22% to $2.02.
AI-linked data center cooling demand drove the upgrade, with management now projecting $1.1 billion in total data center equipment sales at full production, up from $750 million.
Neptronic, acquired for $430 million, expanded SPX's HVAC portfolio and helped strengthen its position in thermal management as the company adds manufacturing capacity.
For 2026, SPX now expects revenue of about $2.7 billion and adjusted EPS of $8.40, reflecting continued data center demand and stronger detection and measurement performance.