Carrier Global Raises Full-Year Outlook After Strong Q2 Performance
Carrier Global Corporation (NYSE:CARR) raised its full-year guidance for 2026 following stronger-than-expected second-quarter results. The company now expects sales of approximately $23 billion, adjusted operating profit of about $3.5 billion, and adjusted earnings per share of around $2.90. This update was driven by a significant increase in orders—up roughly 40% year over year—with commercial HVAC growth at nearly 65%, data-center orders rising fourfold, and improved demand for residential and light-commercial HVAC systems. The company's backlog surpassed $8 billion, up about 20% sequentially. Carrier also lifted its full-year forecast for data center revenue to approximately $2 billion from a prior estimate of $1.5 billion. The firm is expanding production capacity in the U.S. and India and recently acquired building-management technology provider 75F. For Q2, sales reached $6.4 billion with an adjusted operating profit of $1.1 billion and adjusted EPS at $0.86. Organic sales grew by 3%, while free cash flow totaled $810 million during the quarter.
Tickers: $CARR
Topics: backlog_growth carrier_global data_center_orders q2_earnings_call sales_guidance