Filing Flows › SPX Technologies (SPXC) › Q2 2026
SPX Technologies (SPXC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
SPX Technologies (SPXC) reported revenue of $679M for the second quarter 2026 (Q2 2026), +23% from a year earlier and +20% from the quarter before. Operating margin was 16.9%, net earnings $78.4M (11.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $679M | +20% | +23% |
| Operating profit | $115M | +31% | +33% |
| Net earnings | $78.4M | +31% | +50% |
| Operating cash flow | $89.6M | +193% | +111% |
| Free cash flow | $68.5M | +466% | +97% |
What changed
Revenue was $679.0M in Q2 2026, up 23% year over year and up 20% 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 $80.2M year over year (up 34%), 63% of the total change.
Operating profit was $115.0M, a 16.9% margin (up 1.3 points year over year). Of the extra revenue versus Q2 2025, 22% reached operating profit, above the 16% margin then. Total costs grew 21% against revenue growth of 23%. The fastest-growing cost line was Cost of revenue (+26%). Net earnings were $78.4M, up 50% year over year. The effective tax rate was 22.6%.
Operating cash flow was $89.6M (up 111% year over year), 114% of net earnings. Non-cash charges added back $35.7M of depreciation and amortization and $4.3M of share-based compensation. Working capital and other items used $28.8M. Capital expenditures of $21.1M left free cash flow of $68.5M.
Questions
What was SPX Technologies' revenue in the second quarter 2026?
SPX Technologies (SPXC) reported revenue of $679M for the second quarter 2026 (Q2 2026), +23% from a year earlier and +20% from the quarter before.
Was SPX Technologies profitable in the second quarter 2026?
Operating profit was $115M (16.9% of revenue) and net earnings $78.4M.
Source: SPX Technologies 10-Q on SEC EDGAR.