Filing Flows › SPX Technologies (SPXC) › Q2 2026 › vs Q1 2026
SPX Technologies (SPXC) Q2 2026 vs Q1 2026 (quarter over quarter)
SPX Technologies's revenue rose $112M (+20%) from $567M in Q1 2026 to $679M in Q2 2026. The biggest changes: Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions +$83.0M (+35%); Communication technologies, aids to navigation, and transportation systems +$14.3M (+13%); Underground locators, inspection and rehabilitation equipment, and robotic systems +$11.3M (+19%). Operating margin 16.9% against 15.5% (+1.5 pts).
SPX Technologies, Q2 2026: revenue $679M (+23% year over year), operating margin 16.9%, net earnings $78.4M, operating cash flow $89.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 16.9% | 15.5% | +1.5 pts |
| Net margin | 11.5% | 10.6% | +1.0 pts |
| Free cash flow margin | 10.1% | 2.1% | +8.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions | $319M | $236M | $83.0M | +35% |
| Hydronic heating, electrical heating, and ventilation | $162M | $158M | $3.6M | +2% |
| Communication technologies, aids to navigation, and transportation systems | $128M | $114M | $14.3M | +13% |
| Underground locators, inspection and rehabilitation equipment, and robotic systems | $69.9M | $58.6M | $11.3M | +19% |
| Revenue | $679M | $567M | $112M | +20% |
| Operating profit | $115M | $87.7M | $27.3M | +31% |
| Costs & expenses | $564M | $479M | $84.9M | +18% |
| Pre-tax earnings | $101M | $72.9M | $28.4M | +39% |
| Other expense, net | $13.7M | $14.8M | −$1.1M | -7% |
| Cost of revenue | $406M | $336M | $70.0M | +21% |
| SG&A | $130M | $119M | $10.5M | +9% |
| Other operating costs | $27.9M | $23.5M | $4.4M | +19% |
| Net earnings | $78.4M | $59.9M | $18.5M | +31% |
| Income tax | $22.9M | $13.0M | $9.9M | +76% |
| Depreciation & amortization | $35.7M | $32.1M | $3.6M | +11% |
| Share-based compensation | $4.3M | $3.7M | $600K | +16% |
| Working capital & other | $28.8M | $65.1M | −$36.3M | -56% |
| Operating cash flow | $89.6M | $30.6M | $59.0M | +193% |
| Free cash flow (OCF − capex) | $68.5M | $12.1M | $56.4M | +466% |
| Capital expenditures | $21.1M | $18.5M | $2.6M | +14% |
Questions
How much did SPX Technologies's revenue grow quarter over quarter in Q2 2026?
SPX Technologies's revenue rose $112M (+20%) from $567M in Q1 2026 to $679M in Q2 2026.
What drove SPX Technologies's revenue change in Q2 2026?
Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions +$83.0M (+35%); Communication technologies, aids to navigation, and transportation systems +$14.3M (+13%); Underground locators, inspection and rehabilitation equipment, and robotic systems +$11.3M (+19%).