SPX Technologies soared nearly 14% after crushing Q2 earnings, delivering $679M in revenue—up 23% YoY—and beating estimates with $2.20 EPS. Driven by 17% organic growth, the company upgraded its full-year forecast to $2.7B revenue and $8.40 EPS, signaling confidence in demand for its HVAC and measurement products. Investors responded enthusiastically, pushing shares to a new high near their 5-year peak and up over 11% YTD—despite a history of volatility, this surge suggests a major market reassessment of SPX’s value.

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