Carrier Global (CARR)
NYSE:CARR
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.82Last Year’s EPS
0.92Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call contained multiple strong operating and commercial highlights — especially exceptional order momentum (notably in data centers and CHVAC), product and system innovation, aftermarket growth, and better-than-expected Q1 performance versus guidance — and management reaffirmed full-year revenue and EPS targets while implementing pricing to offset input-cost pressures. Offsetting these positives were meaningful short-cycle weaknesses (notably CSA residential and China RLC), segment margin pressures from promotions and under-absorption, tariff-driven cost inflation, and near-term guidance reflecting some softness in Q2. On balance the call emphasized durable growth drivers and actionable mitigation (pricing, productivity, supply-chain actions) that outweigh the near-term headwinds.Company Guidance
Transportation / Container Strength
CST Container business grew nearly 40% in the quarter and management expects margin expansion for CST (~+50 bps) for the year.
Strong Order Momentum
Total company orders in Q1 rose 11%; global CHVAC orders up 35%; CSA commercial HVAC orders up over 80%; global data center orders surged over 500%.
Data Center Backlog and Wins
Current data center backlog fully covers the company's $1.5B expected data center sales for 2026, with management indicating they are targeting to exceed that number and citing hundreds of millions of dollars in QuantumLeap/orders (management referenced ~$300–$400M won).
CHVAC Transformation and Share Gains
Since the spin, global CHVAC sales are up ~80%, backlog up ~130%, share up ~500 basis points, and margins are ~3x higher—demonstrating major market share and margin improvement.
Product and Systems Innovation
Multiple new product rollouts and system initiatives: highly efficient fan coil, air-to-water heat pump, expanded Viessmann lineup, Carrier Energy Gen1 launch planned, multi-megawatt maglev chillers, expanding CDU portfolio (1MW shipped; 3MW and 5MW on roadmap), and expanded investment/partnership with ZutaCore for liquid cooling.
Aftermarket & Connectivity Traction
Aftermarket playbook progressing: connected devices in the field up over 25% in the quarter; Lynx subscriptions cover ~240,000 units with plans to triple in coming years; company expects sixth consecutive year of double-digit aftermarket growth.
Segment and Regional Wins
CSA Light Commercial up nearly 10% (share gains in large retail accounts and traction of new hybrid rooftop units); strong heat-pump demand in Europe (Germany heat-pump sales up ~20%, Europe low-teens) driven by favorable electricity-to-gas dynamics.
Financial Beat vs Guidance and Capital Return
Q1 reported sales $5.3B, adjusted operating profit $594M, adjusted EPS $0.57 — all better than Q1 guidance; free cash flow was a small outflow ($15M) but better than expected; returned about $500M to shareholders via dividends and buybacks.
Full-Year Guidance Reaffirmed with Upside Pricing
Reaffirmed full-year revenue outlook of approximately $22B with organic growth flat to low single digits; adjusted EPS guidance ~ $2.80 (up high single digits vs 2025); company now expects to realize an additional ~2 points of pricing globally in 2026 to offset input cost pressures.
CARR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CARR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $61.74 | $67.17 | +8.79% |
Feb 05, 2026 | $63.55 | $63.10 | -0.71% |
Oct 28, 2025 | $57.82 | $58.27 | +0.77% |
Jul 29, 2025 | $79.53 | $71.09 | -10.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Carrier Global (CARR) report earnings?
Carrier Global (CARR) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Carrier Global (CARR) earnings time?
Carrier Global (CARR) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CARR EPS forecast?
CARR EPS forecast for the fiscal quarter 2026 (Q2) is 0.82.