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

SPX Technologies (NYSE:SPXC) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 8.200-8.600 for the period, compared to the consensus earnings per share 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 Upgrades and Downgrades

Several analysts recently issued reports on SPXC shares. JPMorgan Chase & Co. upped their price objective on shares of SPX Technologies from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Wolfe Research reissued an “outperform” rating and issued a $266.00 target price on shares of SPX Technologies in a research note on Thursday, July 9th. Oppenheimer restated 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. Wall Street Zen lowered SPX Technologies from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Wells Fargo & Company increased their price target on SPX Technologies from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $255.30.

SPX Technologies Trading Up 6.1%

Shares of SPXC stock traded up $11.51 during trading on Thursday, hitting $199.16. 728,143 shares of the stock traded hands, compared to its average volume of 562,370. SPX Technologies has a 52-week low of $179.17 and a 52-week high of $251.08. The firm has a market capitalization of $9.97 billion, a P/E ratio of 38.97, a price-to-earnings-growth ratio of 1.38 and a beta of 1.27. The firm’s fifty day moving average price is $224.39 and its 200-day moving average price is $217.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.11 and a quick ratio of 1.39.

SPX Technologies (NYSE:SPXC) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.17. The company had revenue of $679.00 million during the quarter, compared to analyst estimates of $640.18 million. SPX Technologies had a return on equity of 16.98% and a net margin of 10.76%.The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.65 earnings per share. SPX Technologies has set its FY 2026 guidance at 8.200-8.600 EPS. As a group, research analysts forecast that SPX Technologies will post 7.98 earnings per share for the current fiscal year.

Trending Headlines about SPX Technologies

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

• Positive Sentiment: Q2 earnings and revenue exceeded estimates. SPXC reported adjusted earnings of $2.02 per share, ahead of the $1.85 consensus and up from $1.65 a year earlier. Revenue rose 22.9% year over year to $679 million, surpassing analysts’ $640.18 million forecast. SPX Technologies Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Full-year guidance is above consensus. SPX raised or reaffirmed fiscal 2026 EPS guidance at $8.20-$8.60, compared with the $8.02 analyst estimate. Revenue guidance of $2.7-$2.8 billion also exceeds the $2.6 billion consensus, signaling continued confidence in demand and execution. SPX Reports Second Quarter 2026 Results
• Positive Sentiment: Profitability remained solid. The company reported a 10.76% net margin and 16.98% return on equity, while quarterly earnings growth suggests improving operating performance. SPX Technologies Earnings Report
• Neutral Sentiment: Analysts’ average rating remains “Moderate Buy,” providing supportive but not uniformly bullish sentiment around SPXC. SPX Technologies Receives Moderate Buy Recommendation
• Negative Sentiment: At roughly 39 times earnings, SPXC carries a premium valuation. The shares also remain below their 50-day and 200-day moving averages, which could limit gains if investors believe the strong results were already reflected in the price.

Institutional Trading of SPX Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in SPX Technologies by 62.4% during the third quarter. Invesco Ltd. now owns 1,879,216 shares of the company’s stock worth $351,000,000 after buying an additional 722,039 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of SPX Technologies by 7.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,176,481 shares of the company’s stock valued at $235,368,000 after acquiring an additional 84,117 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of SPX Technologies by 0.4% in the 3rd quarter. Alliancebernstein L.P. now owns 667,605 shares of the company’s stock worth $124,695,000 after acquiring an additional 2,631 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of SPX Technologies by 0.4% in the 3rd quarter. Northern Trust Corp now owns 531,040 shares of the company’s stock worth $99,188,000 after acquiring an additional 2,315 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of SPX Technologies by 10.3% during the 4th quarter. First Trust Advisors LP now owns 484,377 shares of the company’s stock worth $96,904,000 after purchasing an additional 45,232 shares during the period. 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.