QXO Inc. (NYSE:QXO) stock rose Monday after the building products distributor and installer reported preliminary third-quarter 2026 results, with sales exceeding Wall Street expectations.
The company is scheduled to release its full quarterly results Nov. 12.
Third-Quarter Sales Jump 79%
Preliminary net sales surged 79% year over year to $4.90 billion from $2.73 billion, beating analysts’ estimate of $4.85 billion.
Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) climbed 85% to $557 million. As a result, adjusted EBITDA margin expanded 30 basis points to 11.4%.
Meanwhile, QXO narrowed its net loss under generally accepted accounting principles (GAAP) to $123 million from $139 million a year earlier.
Analysts expect a loss of 14 cents per share, unchanged from a year earlier.
However, transaction costs rose to $40 million from $4 million amid increased acquisition activity.
Acquisitions Drive Growth
The preliminary results include contributions from Kodiak Building Partners and TopBuild Corp.
QXO began consolidating Kodiak’s results April 1, 2026, followed by TopBuild on July 1, 2026.
Neither business contributed to QXO’s third-quarter 2025 results, making acquisitions a key factor in the year-over-year sales increase.
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Technical Analysis
The rally has QXO trading above its 20-day SMA ($11.15) and 50-day SMA ($11.74), and just barely above its 100-day SMA ($13.34), which is often a “make-or-break” area for trend repair.
The bigger picture is still damaged, though, with the stock trading well below its 200-day SMA ($16.93) and carrying a 12-month decline of 26.62%.
Momentum has improved. The MACD is above its signal line, while the histogram is positive. Both indicators suggest buying momentum is strengthening.
The moving-average structure remains a headwind, with the 20-day SMA still below the 50-day SMA and a death cross (50-day below 200-day) that formed in May.
That combination often means sharp rallies can happen, but they can also fade quickly if price can’t start pulling the shorter averages upward.
- Key Resistance: $14.50 — a nearby pivot/round-number area that could cap the current rebound before the stock can work toward the 200-day zone
- Key Support: $11.00 — near a recent floor area and close to the 20-day SMA region where dip-buyers have shown up
Analyst Outlook
The stock carries a Buy rating with an average price forecast of $22.88.
Wells Fargo maintained an overweight rating and lowered its price forecast to $15 on Oct. 16 and Truist Securities lowered its price forecast to $15 on Oct. 8 with a Buy rating.
QXO Price Action: QXO shares were up 18.77% at $13.74 at the time of publication on Monday, according to Benzinga Pro data.
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