SPX Technologies (SPXC) Earnings: Q3 2026 Results

The quarter ended September 26, 2026 and SPX Technologies published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. SPX Technologies reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• GAAP EPS here is diluted EPS from continuing operations, the figure SPX leads with. Diluted net income per share, including discontinued operations, was $1.62 in Q3 2026 and $1.28 in Q3 2025.
• SPX bought Neptronic on July 22, 2026 and FIS Water on September 15, 2026; both report in HVAC. Acquisitions added 8.5 points of the 20.5% revenue growth.
• SPX's fiscal quarters end on a Saturday; Q3 2026 ended September 26, 2026.

Source: SPX Technologies Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 26, 2026. Figures as reported; checked against the release on November 10, 2026.

How SPX Technologies splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• SPX Technologies's HVAC revenue was $525 million in Q3 2026, up 36% from $387 million in Q3 2025, 73% of total revenue.
• SPX Technologies's Detection and Measurement revenue was $190 million in Q3 2026, down 8% from $205 million in Q3 2025, 27% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, SPX Technologies said:

“Revenue range of $2.745 to $2.805 billion, up ~23% year-on-year at the midpoint (prior range: $2.705 to $2.765 billion).”

“Adjusted EBITDA* range of $625 to $645 million, up ~25% year-on-year at the midpoint (prior range: $630 to $660 million).”

“Adjusted EPS* range of $8.20 to $8.50, up ~24% year-on-year at the midpoint (prior range: $8.20 to $8.60).”

Source: SPX Technologies Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the SPXC forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenue in millions and diluted EPS from continuing operations, each as first reported in that quarter's release.

We do not hold a confirmed date for SPX Technologies's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

SPX Technologies' Q3 2026 revenue was $714.5 million, up 20.5% from $592.8 million. Organic growth was 11.8%, acquisitions added 8.5% and currency 0.2%. HVAC was $525.0 million of the total and Detection and Measurement $189.5 million. (SPX Technologies Q3 2026 release, Oct 29, 2026)

HVAC revenue rose 35.5%, of which 22.3% was organic and 13.0% came from the acquisitions of Thermolec, Crawford, Neptronic and FIS Water. SPX said organic growth came mainly from higher volumes of cooling equipment, driven by data center demand and added capacity, and from higher volumes of heating products. Package and process cooling and engineered air movement products were $338.4 million, against $236.5 million a year earlier; hydronic and electrical heating and ventilation were $186.6 million. (SPX Technologies Q3 2026 release, Oct 29, 2026; SPX Technologies Form 10-Q, Q3 2026, Oct 30, 2026)

Detection and Measurement revenue fell 7.7%, all of it organic, on lower project volumes in the communications technologies business. Communication technologies, aids to navigation and transportation systems brought in $122.2 million, down from $142.0 million, while underground locators, inspection and rehabilitation equipment and robotic systems rose to $67.3 million from $63.4 million. (SPX Technologies Q3 2026 release, Oct 29, 2026; SPX Technologies Form 10-Q, Q3 2026, Oct 30, 2026)

SPX spent heavily on acquisitions in the quarter. It paid net cash of $428.4 million for Neptronic, which makes HVAC controls, electric duct heaters, humidifiers, actuators and valves, and $405.0 million for FIS Water, a set of water management and control brands for commercial and industrial cooling. Total debt rose to $1,334.7 million at the end of Q3 from $501.6 million at the end of 2025. (SPX Technologies Form 10-Q, Q3 2026, Oct 30, 2026; SPX Technologies Q3 2026 release, Oct 29, 2026)

SPX Technologies' GAAP diluted EPS from continuing operations was $1.62 in Q3 2026, up 25.6% from $1.29, and its adjusted EPS was $2.21, up from $1.84. The gap of $29.8 million of income comes mostly from amortization of acquired intangible assets ($25.5 million in HVAC and $7.0 million in Detection and Measurement), plus acquisition and integration-related costs, amortization of a deferred compensation asset tied to the KTS acquisition ($2.4 million) and a $3.6 million gain on an equity security. (SPX Technologies Q3 2026 release, Oct 29, 2026)

SPX's effective tax rate on continuing operations was 22.6% in both Q3 2026 and Q3 2025. Diluted weighted-average shares rose to 50.645 million from 48.919 million, which held EPS growth below the 30.4% rise in income from continuing operations. (SPX Technologies Form 10-Q, Q3 2026, Oct 30, 2026; SPX Technologies Q3 2026 release, Oct 29, 2026)

Segment margins moved in opposite directions. HVAC segment income rose to $120.8 million, but its margin fell 140 basis points to 23.0%, which SPX attributed to growth-related labor and supply chain inefficiencies from capacity expansion and to elevated input costs. Detection and Measurement margin rose 260 basis points to 27.8% on product mix and synergy initiatives. (SPX Technologies Q3 2026 release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

SPX Technologies raised its 2026 revenue guidance to $2.745 to $2.805 billion from $2.705 to $2.765 billion, and narrowed adjusted EPS guidance to $8.20 to $8.50 from $8.20 to $8.60. Adjusted EBITDA guidance moved to $625 to $645 million from $630 to $660 million. (SPX Technologies Q3 2026 release, Oct 29, 2026)

By segment, SPX now expects HVAC revenue of $1,995-$2,035 million with a segment income margin of 23.10%-23.50%, down from 24.50%-25.00% previously, and Detection and Measurement revenue of $750-$770 million with a margin of 27.00%-27.50%. SPX says its HVAC capacity expansion projects are on track to support approximately $1.1 billion of annual data center revenue capacity at full production. (SPX Technologies Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover SPX Technologies, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones SPX Technologies's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning SPXC is on is SPXC a buy or a sell?, what analysts expect next is on the SPXC forecast, and what the company does is on the SPX Technologies (SPXC) stock page.

Every number on this page can be traced to a document SPX Technologies published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.