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SPX Technologies (SPXC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · SPX Technologies (SPXC) Q3 2026 earnings results →
Q3 2026 Revenue up 20% year over year to $714M · 11¢ of every $1 of revenue kept as net profit · operating margin 16.1%
SPX Technologies made $714M in Q3 2026 (+20% Y/Y): Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions $338M, Hydronic heating, electrical heating, and ventilation $187M, Communication technologies, aids to navigation, and transportation systems $122M. Operating margin 16.1%, net earnings $81.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $714.5M in Q3 2026, up 21% year over year and up 5% from the previous quarter. Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions was the largest line at 47% of revenue. Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions added $101.9M year over year (up 43%), 84% of the total change. Communication technologies, aids to navigation, and transportation systems declined 14%.
Operating profit was $115.3M, a 16.1% margin (down 0.2 points year over year). Of the extra revenue versus Q3 2025, 15% reached operating profit, below the 16% margin then. Total costs grew 21% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+28%). Net earnings were $81.9M, up 31% year over year. The effective tax rate was 22.7%.
Operating cash flow was $59.3M (down 44% year over year), 72% of net earnings. Non-cash charges added back $41.4M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $68.3M. Capital expenditures of $40.0M left free cash flow of $19.3M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 30, 2026 | $714M | +20% | 16.1% | $81.9M | $59.3M |
| Q2 2026 | 10-Q | Jul 31, 2026 | $679M | +23% | 16.9% | $78.4M | $89.6M |
| Q1 2026 | 10-Q | May 1, 2026 | $567M | +17% | 15.5% | $59.9M | $30.6M |
| Q4 2025 | 10-K | Feb 25, 2026 | $637M | +19% | 15.7% | $77.9M | $195M |
| Q3 2025 | 10-Q | Oct 31, 2025 | $593M | +23% | 16.4% | $62.7M | $106M |
| Q2 2025 | 10-Q | Aug 1, 2025 | $552M | +10% | 15.7% | $52.2M | $42.5M |
| Q1 2025 | 10-Q | May 2, 2025 | $483M | +4% | 13.8% | $51.2M | −$10.9M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About SPX Technologies
Some of the statements in this document and any documents incorporated by reference, including any statements as to operational and financial projections, constitute “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act of 1933, as amended. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our businesses’ or our industries’ actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by any forward-looking statements.
In its own words, from its 10-K, filed Feb 25, 2026.
SPX Technologies against its Metalworkg Machinery & Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +20% against the peers' median +20%. Operating margin: 16.1% against the peers' median 16.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SPXC SPX Technologies | Q3 2026 | $714M | +20% | 16.1% |
| LECO Lincoln Electric Holdings | Q3 2026 | $1.2B | +15% | 17.3% |
| NNBR NN | Q3 2026 | $131M | +26% | -2.5% |
| CVR Chicago Rivet & Machine | Q3 2026 | $7.5M | +2% | -12.2% |
Source: SPX Technologies 10-Q on SEC EDGAR · CIK 88205 · Metalworkg Machinery & Equipment
Guidance and outlook
13F: who owns SPXC and who is buying
More on SPXC
- How SPX Technologies makes money: revenue by segment
- SPX Technologies next earnings date and what analysts expect
- SPX Technologies stock forecast, price target and fair value
- Who owns SPX Technologies stock: holders, funds and Congress trades
- SPX Technologies guidance and outlook
- Is SPX Technologies a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- SPX Technologies guidance history: guided vs reported
- SPX Technologies operating margin by quarter
- SPX Technologies net income by quarter
- SPX Technologies free cash flow by quarter
- SPX Technologies capital expenditures by quarter
- SPX Technologies Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions revenue by quarter
- SPX Technologies Hydronic heating, electrical heating, and ventilation revenue by quarter
- SPX Technologies Communication technologies, aids to navigation, and transportation systems revenue by quarter