Filing Flows › SPX Technologies (SPXC) › Q3 2026 › vs Q2 2026
SPX Technologies (SPXC) Q3 2026 vs Q2 2026 (quarter over quarter)
SPX Technologies's revenue rose $35.5M (+5%) from $679M in Q2 2026 to $714M in Q3 2026. The biggest changes: Hydronic heating, electrical heating, and ventilation +$25.0M (+15%); Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions +$19.4M (+6%); Communication technologies, aids to navigation, and transportation systems −$6.3M (-5%). Operating margin 16.1% against 16.9% (-0.8 pts).
SPX Technologies, Q3 2026: revenue $714M (+20% year over year), operating margin 16.1%, net earnings $81.9M, operating cash flow $59.3M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 16.1% | 16.9% | -0.8 pts |
| Net margin | 11.5% | 11.5% | -0.1 pts |
| Free cash flow margin | 2.7% | 10.1% | -7.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions | $338M | $319M | $19.4M | +6% |
| Hydronic heating, electrical heating, and ventilation | $187M | $162M | $25.0M | +15% |
| Communication technologies, aids to navigation, and transportation systems | $122M | $128M | −$6.3M | -5% |
| Underground locators, inspection and rehabilitation equipment, and robotic systems | $67.3M | $69.9M | −$2.6M | -4% |
| Revenue | $714M | $679M | $35.5M | +5% |
| Operating profit | $115M | $115M | $300K | +0.3% |
| Costs & expenses | $599M | $564M | $35.2M | +6% |
| Pre-tax earnings | $106M | $101M | $4.6M | +5% |
| Other expense, net | $9.4M | $13.7M | −$4.3M | -31% |
| Cost of revenue | $435M | $406M | $28.8M | +7% |
| SG&A | $133M | $130M | $2.8M | +2% |
| Other operating costs | $31.5M | $27.9M | $3.6M | +13% |
| Net earnings | $81.9M | $78.4M | $3.5M | +4% |
| Income tax | $24.0M | $22.9M | $1.1M | +5% |
| Depreciation & amortization | $41.4M | $35.7M | $5.7M | +16% |
| Share-based compensation | $4.3M | $4.3M | $0 | 0% |
| Working capital & other | $68.3M | $28.8M | $39.5M | +137% |
| Operating cash flow | $59.3M | $89.6M | −$30.3M | -34% |
| Free cash flow (OCF − capex) | $19.3M | $68.5M | −$49.2M | -72% |
| Capital expenditures | $40.0M | $21.1M | $18.9M | +90% |
Questions
How much did SPX Technologies's revenue grow quarter over quarter in Q3 2026?
SPX Technologies's revenue rose $35.5M (+5%) from $679M in Q2 2026 to $714M in Q3 2026.
What drove SPX Technologies's revenue change in Q3 2026?
Hydronic heating, electrical heating, and ventilation +$25.0M (+15%); Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions +$19.4M (+6%); Communication technologies, aids to navigation, and transportation systems −$6.3M (-5%).