Carrier Global Beats Q2 Estimates and Lifts Full-Year Outlook on Surging Orders
CARR sits 42% above its 52-week low of $50.24.
Summary
Carrier Global reported Q2 2026 results that beat expectations, with organic sales up 3% and orders surging, led by data centers. The company raised its full-year guidance for sales, adjusted operating profit, and adjusted EPS.
Key Events · Earnings and Guidance · CARR
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Q2 Earnings Beat
Net sales of $6.4B grew 4% YoY; adjusted EPS of $0.86 exceeded expectations despite a 7% decline from prior year.
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Orders Surge
Total company orders up ~40%, with Commercial HVAC up ~65% and data center orders more than tripling.
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Full-Year Guidance Raised
2026 outlook increased to ~$23B sales, ~$3.5B adjusted operating profit, and ~$2.90 adjusted EPS, up from prior guidance.
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Strong Cash Generation
Free cash flow of $810M in Q2, up from $568M a year ago; $795M for the first half.
Analysis · CARR · Technology
A stronger-than-expected second quarter saw organic sales return to growth ahead of schedule, while orders surged across key segments. The company raised its full-year guidance for sales, adjusted operating profit, and adjusted EPS, signaling confidence in sustained momentum. Data center orders more than tripled, and Commercial HVAC orders jumped 65%, underscoring robust demand in high-growth verticals. Although GAAP EPS declined 14% year-over-year due to lower operating profit and a higher tax rate, adjusted EPS of $0.86 beat expectations, and free cash flow improved significantly. The raised outlook and record backlog levels suggest the business is turning a corner after a period of revenue declines and restructuring.
At the time of this filing, CARR was trading at $71.36 on NYSE in the Technology sector, with a market capitalization of approximately $57.6B. The 52-week trading range was $50.24 to $81.09. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.