SPX Corp (ticker SPXC) traded at $179.32 on the day of the report, hovering just above its 52‑week low of $179.45 and marginally below an earlier low of $179.62. The stock has slipped 3.05% over the past year and about 8% in the last six months.
For the second quarter of 2026, SPX posted adjusted earnings of $2.02 per share, topping Wall Street forecasts of $1.85. Revenue reached $679 million, exceeding the consensus estimate of $639.93 million. The company raised its full‑year adjusted EPS guidance by $0.45 to a midpoint of $8.40.
Year‑over‑year, adjusted EPS grew 22%, revenue rose 23%, and adjusted EBITDA increased 20%. Consolidated segment income climbed 23% to $167.1 million. SPX also lifted its data‑center capacity target to $1.1 billion, up from $750 million, citing stronger‑than‑expected throughput. The HVAC backlog expanded 59% on an organic basis.
Management highlighted broad strength across its businesses, emphasizing demand for HVAC and data‑center cooling solutions. InvestingPro analysts noted that the stock is trading near its fair‑value estimate and listed several ProTips covering profitability and long‑term performance trends.
