North America Equity Research 24 July 2026 SPX Technologies J P M O R G A N 2Q26 Earnings Preview and Initial Take on Neptronic Acquisition We see 2Q coming in slightly above expectations, with annual guidance expected to be incrementally raised. Intra-quarter commentary noted very strong DC demand, with the full year DC outlook expected to be revised further above the current 75% growth guidance, as demand far outstrips supply and the company squeezes additional capacity from existing facilities, while new ...