Why Is SPX TECHNOLOGIES INC (SPXC) Stock Moving Today?

SPXC stock is up 13.53% to $226.26 in a sharp session move driven by the company's second quarter 2026 earnings report and upwardly revised guidance. SPX Technologies reported adjusted earnings per share of $2.02, beating estimates of $1.85, and raised its full-year 2026 adjusted EPS guidance to a range of $8.20 to $8.60, surpassing the $8.03 estimate. The firm also increased revenue guidance and signaled $1.1 billion in data center capacity by 2026. These results and projections have sparked strong investor interest, reflected in the stock's early intraday performance.

What Happened

SPX Technologies filed an SEC 8-K on July 30, 2026, disclosing results of operations and financial condition for the second quarter ended June 27, 2026. The company reported revenue of $679.000 million, exceeding the estimated $640.098 million. Adjusted EPS of $2.02 beat the $1.85 consensus. SPX also raised its full-year 2026 adjusted EPS guidance from $7.75 to $8.15 to a new range of $8.20 to $8.60. Additionally, the company lifted its 2026 data center capacity forecast to $1.1 billion and adjusted its revenue guidance to between $2.705 billion and $2.765 billion, up from the previous $2.575 billion to $2.645 billion range. These developments were highlighted in a Q2 2026 earnings call and covered by multiple financial news outlets.

What The Data Shows

The stock opened with a 7.4% gap up at $214.00, following the prior close of $199.30. It reached an intraday high of $236.89 before settling at $226.45 in late trading. Volume has reached 0.2 million shares, or 0.3 times the 3-month average. SPXC has a market cap of $10.2 billion, trades at a P/E ratio of 38.2, and has revenue growth of 17.4% trailing twelve months. The stock is currently within its 52-week range of $177.63 to $251.08. B. Riley Securities recently raised its price target to $285 and maintained a Buy rating.

What To Watch

The company’s full-year guidance and data center capacity projections are key metrics to monitor. Investors should also watch for further analyst coverage and potential follow-through in volume and price action.