Carrier Raises Outlook as Data Center Orders Surge 300%
CARR sits 41% above its 52-week low of $50.24.
Summary
Carrier Global delivered a strong Q2 beat and raised its full-year guidance, driven by explosive data center demand. Adjusted EPS of $0.86 topped estimates by $0.04, and revenue of $6.4B exceeded the $6B consensus. The standout metric: data center orders jumped over 300% year-over-year, pushing total orders up roughly 40%. Management lifted its 2026 outlook to ~$23B in sales and ~$2.90 in adjusted EPS, above prior guidance of $22B/$2.80 and ahead of Street forecasts. The stock rose 3% premarket, adding to a 31% year-to-date gain. This follows earlier Q2 headlines but adds the crucial order growth and guidance raise details that traders need to reassess the stock's trajectory.
At the time of this announcement, CARR was trading at $71.00 on NYSE in the Industrial Applications And Services 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: Dow Jones Newswires.