NYSE$CARR
Carrier Global Corp · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Carrier Global Corp reported Q2 2026 results with net sales of $6.351 billion and raised full-year outlook.
Carrier reported second quarter 2026 net sales of $6.351 billion, up 4% year-over-year, with organic sales growth of 3%. GAAP EPS from continuing operations was $0.60 and adjusted EPS was $0.86. The company generated $810 million in free cash flow and returned approximately $640 million to shareholders.
- Total company orders up ~40% with Commercial HVAC up ~65% and data centers up >300%.
- GAAP operating profit of $825 million and adjusted operating profit of $1.095 billion.
- Net cash from operating activities $927 million resulting in free cash flow of $810 million.
- Full-year 2026 outlook raised to ~$23 billion sales, ~$3.5 billion adjusted operating profit and ~$2.90 adjusted EPS.
Headline financials
Revenue & EPS history
Carrier · Revenue · Quarterly
$6.35B
Revenue by segment
Carrier · $6.35B total across 4 segments · Q2 2026
- Climate Solutions Americas$3.37B—53.1%
- Climate Solutions Europe$1.32B—20.8%
- Climate Solutions Asia Pacific, Middle East & Africa$917M—14.4%
- Climate Solutions Transportation$738M—11.6%
Forward guidance
Full-year 2026 outlook raised to approximately $23 billion in sales, $3.5 billion in adjusted operating profit and $2.90 in adjusted EPS.
Tailwinds
- Strong order growth in data centers and Commercial HVAC
- Organic sales growth returning earlier than expected
Headwinds
- ~($0.05) adj. EPS impact from NORESCO exit and new U.S. factory costs
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+0.6%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+6.5%
Avg return
30 days after
50%
15 / 30 earnings
Positive
+11.8%
Q1 2020
Best reaction
-10.6%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +5.9% | +4.0% | +3.6% | |
| Q4 2025 | -0.7% | +3.6% | -8.2% | |
| Q3 2025 | +0.9% | +2.1% | -6.7% | |
| Q2 2025 | -10.6% | -16.5% | -17.5% | |
| Q1 2025 | +11.6% | +12.2% | +13.8% | |
| Q4 2024 | -1.6% | -1.7% | -3.0% | |
| Q3 2024 | -7.8% | -6.7% | -3.7% | |
| Q2 2024 | +1.2% | +2.2% | +8.0% | |
| Q1 2024 | +10.5% | +12.3% | +19.9% | |
| Q4 2023 | -4.3% | -0.4% | +5.8% | |
| Q3 2023 | -1.1% | +1.3% | +12.6% | |
| Q2 2023 | +8.4% | +9.9% | +1.1% | |
| Q1 2023 | -3.1% | -0.3% | -1.7% | |
| Q4 2022 | -2.4% | -2.9% | +0.0% | |
| Q3 2022 | +7.6% | +6.9% | +19.0% | |
| Q2 2022 | +2.5% | +2.2% | +1.8% | |
| Q1 2022 | -4.9% | -4.7% | -0.1% | |
| Q4 2021 | +4.9% | -0.5% | -4.2% | |
| Q3 2021 | -1.7% | -1.4% | +4.2% | |
| Q2 2021 | +7.1% | +10.9% | +13.1% | |
| Q1 2021 | -2.0% | -3.1% | +3.2% | |
| Q4 2018 | -6.3% | -6.1% | -1.2% | |
| Q4 2020 | -6.3% | -6.1% | -1.2% | |
| Q3 2019 | +0.3% | +11.0% | +13.5% | |
| Q3 2020 | +0.3% | +11.0% | +13.5% | |
| Q2 2019 | +2.7% | +4.5% | +12.6% | |
| Q2 2020 | +0.2% | +2.2% | +11.5% | |
| Q4 2019 | -3.1% | -9.0% | +20.9% | |
| Q1 2019 | -3.1% | -9.0% | +20.9% | |
| Q1 2020 | +11.8% | +0.2% | +43.6% |
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