Filing Flows › SPX Technologies (SPXC) › Q1 2026
SPX Technologies (SPXC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
SPX Technologies (SPXC) reported revenue of $567M for the first quarter 2026 (Q1 2026), +17% from a year earlier and -11% from the quarter before. Operating margin was 15.5%, net earnings $59.9M (10.6% of revenue).
SPX Technologies, Q1 2026: revenue $567M (+17% year over year), operating margin 15.5%, net earnings $59.9M, operating cash flow $30.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $567M | -11% | +17% |
| Operating profit | $87.7M | -12% | +32% |
| Net earnings | $59.9M | -23% | +17% |
| Operating cash flow | $30.6M | -84% | — |
| Free cash flow | $12.1M | -90% | — |
What changed
Revenue was $566.8M in Q1 2026, up 17% year over year and down 11% from the previous quarter. Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions was the largest line at 42% of revenue. Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions added $36.9M year over year (up 19%), 44% of the total change.
Operating profit was $87.7M, a 15.5% margin (up 1.7 points year over year). Of the extra revenue versus Q1 2025, 25% reached operating profit, above the 14% margin then. Total costs grew 15% against revenue growth of 17%. The fastest-growing cost line was Other operating costs (+19%). Net earnings were $59.9M, up 17% year over year. The effective tax rate was 17.8%.
Operating cash flow was $30.6M, 51% of net earnings. Non-cash charges added back $32.1M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items used $65.1M. Capital expenditures of $18.5M left free cash flow of $12.1M.
Questions
What was SPX Technologies' revenue in the first quarter 2026?
SPX Technologies (SPXC) reported revenue of $567M for the first quarter 2026 (Q1 2026), +17% from a year earlier and -11% from the quarter before.
Was SPX Technologies profitable in the first quarter 2026?
Operating profit was $87.7M (15.5% of revenue) and net earnings $59.9M.
Source: SPX Technologies 10-Q on SEC EDGAR.