SPX Technologies boosts 2026 adjusted EPS midpoint to $8.40 and announces $1.1B data center investment after strong Q2 growth.
SPX Technologies increased its 2026 adjusted earnings per share midpoint forecast to $8.40, up from prior guidance, following a robust Q2 performance. The company reported 20% year-over-year growth in adjusted EBITDA and 22% in adjusted EPS for the quarter.
Management attributed the gains to organic growth initiatives and operational efficiencies. The company also announced a $1.1 billion investment to expand data center capacity, aligning with rising demand in the sector.
Shares of SPXC showed muted reaction in after-hours trading as investors digested the updated outlook and capital expenditure plans.