Filing Flows › SPX Technologies (SPXC) › Q3 2026 › vs Q3 2025
SPX Technologies (SPXC) Q3 2026 vs Q3 2025 (year over year)
SPX Technologies's revenue rose $122M (+21%) from $593M in Q3 2025 to $714M in Q3 2026. The biggest changes: Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions +$102M (+43%); Hydronic heating, electrical heating, and ventilation +$35.7M (+24%); Communication technologies, aids to navigation, and transportation systems −$19.8M (-14%). Operating margin 16.1% against 16.4% (-0.2 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 16.1% | 16.4% | -0.2 pts |
| Net margin | 11.5% | 10.6% | +0.9 pts |
| Free cash flow margin | 2.7% | 16.2% | -13.5 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions | $338M | $236M | $102M | +43% |
| Hydronic heating, electrical heating, and ventilation | $187M | $151M | $35.7M | +24% |
| Communication technologies, aids to navigation, and transportation systems | $122M | $142M | −$19.8M | -14% |
| Underground locators, inspection and rehabilitation equipment, and robotic systems | $67.3M | $63.4M | $3.9M | +6% |
| Revenue | $714M | $593M | $122M | +21% |
| Operating profit | $115M | $97.1M | $18.2M | +19% |
| Costs & expenses | $599M | $496M | $104M | +21% |
| Pre-tax earnings | $106M | $81.1M | $24.8M | +31% |
| Other expense, net | $9.4M | $16.0M | −$6.6M | -41% |
| Cost of revenue | $435M | $353M | $81.7M | +23% |
| SG&A | $133M | $118M | $15.0M | +13% |
| Other operating costs | $31.5M | $24.7M | $6.8M | +28% |
| Net earnings | $81.9M | $62.7M | $19.2M | +31% |
| Income tax | $24.0M | $18.4M | $5.6M | +30% |
| Depreciation & amortization | $41.4M | $32.4M | $9.0M | +28% |
| Share-based compensation | $4.3M | $4.2M | $100K | +2% |
| Working capital & other | $68.3M | −$7.2M | $75.5M | — |
| Operating cash flow | $59.3M | $106M | −$47.2M | -44% |
| Free cash flow (OCF − capex) | $19.3M | $96.1M | −$76.8M | -80% |
| Capital expenditures | $40.0M | $10.4M | $29.6M | +285% |
Questions
How much did SPX Technologies's revenue grow year over year in Q3 2026?
SPX Technologies's revenue rose $122M (+21%) from $593M in Q3 2025 to $714M in Q3 2026.
What drove SPX Technologies's revenue change in Q3 2026?
Package and Process Cooling Equipment and Services and Engineered Air Movement and Handling Solutions +$102M (+43%); Hydronic heating, electrical heating, and ventilation +$35.7M (+24%); Communication technologies, aids to navigation, and transportation systems −$19.8M (-14%).