SPX Technologies’ Data Center Powerhouse — Capacity Jumps From $750 Million To $1.1 Billion!

SPX Technologies reported strong second quarter results for 2026, highlighted by a 23% year-over-year increase in revenue and a 20% rise in adjusted EBITDA, alongside a 22% growth in adjusted earnings per share. This performance was driven by robust organic growth in both the HVAC and Detection & Measurement (D&M) segments, complemented by recent acquisitions, notably Neptronic, which was added to the HVAC segment. The company raised its full-year guidance, increasing the midpoint to imply 27% adjusted EBITDA growth, based on higher-than-expected data center volume, improved D&M performance, and contributions from Neptronic. The HVAC segment posted revenue growth of 27.6%, including 8.5% inorganic growth from acquisitions and roughly 19% organic growth, with both cooling and heating products contributing. Segment margin declined by 260 basis points due to capacity expansion-related start-up costs, tariffs, and moderate inflationary pressures—headwinds that were consistent with prior expectations.