Carrier Q2 Revenue Rises 4%, Raises Full-Year Outlook on Data Center Demand
CARR sits 46% above its 52-week low of $50.24.
Summary
Carrier Global posted Q2 revenue of $6.40B, up 4% year-over-year, driven by strong residential and light commercial sales in the Climate Solutions Americas segment. Adjusted EPS fell 7% to $0.86, pressured by input costs and unfavorable mix, but the company raised its full-year guidance: sales now seen at ~$23B, adjusted operating profit at ~$3.5B, and adjusted EPS at ~$2.90. The outlook lift reflects sustained data center demand and operational momentum, offsetting a $0.05 headwind from the NORESCO exit and new factory costs. Free cash flow came in at $810M, and the company returned ~$640M to shareholders via buybacks and dividends. This follows a strong Q1 beat and the recent acquisition of AI-enabled building automation startup 75F, reinforcing Carrier's pivot toward higher-growth digital and climate solutions. Shares rose in pre-market trading following the announcement.
At the time of this announcement, CARR was trading at $73.52 on NYSE in the Manufacturing sector, with a market capitalization of approximately $57.6B. The 52-week trading range was $50.24 to $81.09. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.