SPX Technologies' second quarter revenue grew 23% and beat estimates, prompting a raised full-year 2026 outlook.

SPX Technologies reported second quarter 2026 revenue of $679.0 million and adjusted EPS of $2.02, beating analyst expectations. Revenue increased 22.9% and adjusted EPS grew 22.4% year-over-year, driven by strong performance in both the HVAC and Detection & Measurement segments.

Key Highlights

• The company raised its full-year 2026 guidance, with the revenue range increased to $2.705-$2.765 billion and the adjusted EPS range lifted to $8.20-$8.60.
• HVAC segment revenue grew 27.6% year-over-year to $480.6 million, reflecting 18.9% organic growth primarily from higher volumes of cooling equipment for data centers.
• The Detection & Measurement segment reported revenue growth of 12.9% to $198.4 million, with segment income margin expanding significantly by 610 basis points to 28.9%.