SPX Technologies (SPXC) Is Up 9.8% After Raising Full-Year Profit Outlook on Strong Q3 Results Has The Bull Case Changed?

• SPX Technologies recently reported strong third quarter results, with revenue rising to US$592.8 million and net income reaching US$62.7 million for the quarter ended September 27, 2025.
• The company boosted its full-year profit guidance and highlighted ongoing growth initiatives, including capacity expansions and new product launches in energy-efficient data center cooling solutions.
• We'll explore how SPX Technologies' raised full-year profit outlook could alter the company's investment narrative and growth expectations.

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SPX Technologies Investment Narrative Recap

To be a shareholder in SPX Technologies right now, you need to believe in the company’s capacity to deliver sustained growth in HVAC and Detection & Measurement through both organic expansion and disciplined acquisitions. The recent results and profit guidance raise reinforce the market’s immediate focus on execution in these segments, but do little to fully resolve concerns about potential revenue lumpiness in project-driven D&M lines, still the most important near-term catalyst and risk.

Among several recent announcements, the launch of OlympusV Max, aimed at energy-efficient data center cooling, stands out. This directly ties into SPX’s biggest opportunity: capitalizing on secular demand in data infrastructure and riding industry adoption cycles, which could help offset any future variability in project-driven revenues if executed effectively.

Yet, while the business is expanding, investors should also be aware that margin pressures could return if favorable business mix or execution proves fleeting...

Read the full narrative on SPX Technologies (it's free!)

SPX Technologies' outlook projects $2.6 billion in revenue and $388.1 million in earnings by 2028. This assumes an annual revenue growth rate of 8.9% and a $176.5 million increase in earnings from the current $211.6 million.

Uncover how SPX Technologies' forecasts yield a $206.15 fair value, a 4% downside to its current price.

Exploring Other Perspectives

Two Simply Wall St Community members estimate SPX Technologies’ fair value between US$206.15 and US$214.63 per share. While forecasts differ, potential project-driven revenue lumpiness may weigh on growth consistency regardless of optimism or caution.

Explore 2 other fair value estimates on SPX Technologies - why the stock might be worth just $206.15!

Build Your Own SPX Technologies Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your SPX Technologies research is our analysis highlighting 2 key rewards that could impact your investment decision.
• Our free SPX Technologies research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate SPX Technologies' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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