Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
+2.08%
$64.47
98% positive prob.
5-Day Prediction
+2.90%
$64.99
98% positive prob.
20-Day Prediction
+3.96%
$65.66
93% positive prob.
| Quarter | Signal | 1D Return | 5D Return | 20D Return | Confidence | Actual 5D |
|---|---|---|---|---|---|---|
| Q2 2026 | BUY | +2.08% | +2.90% | +3.96% | 95.9% | Pending |
| Q1 2026 | BUY | +2.27% | +3.25% | +4.90% | 100.0% | +0.07% |
| Q4 2025 | BUY | +2.38% | +3.29% | +6.30% | 100.0% | +2.84% |
SEC 8-K filings with transcript text
Jul 28, 2026 · 96% conf.
1D
+2.08%
$64.47
Act: -5.13%
5D
+2.90%
$64.99
20D
+3.96%
$65.66
2 a99-q22026earningsexhibit.htm
Document
Exhibit 99
Carrier Reports Second Quarter 2026 Results
Increases Full-year Outlook for Sales, Adj. Op. Profit and Adj. EPS
•Total company orders1 up ~40%; Commercial HVAC1 up ~65%; data centers up >300%
•Net sales up 4%; organic sales up 3%
•GAAP EPS of $0.60 and adjusted EPS of $0.86
•Net cash flows from operating activities of $927 million and free cash flow of $810 million
•Returned ~$640 million to shareholders through dividends and repurchases
•Raises full year outlook to ~$23B sales, ~$3.5B adj. op. profit and ~$2.90 adj. EPS
◦Includes ~($0.05) adj. EPS impact from NORESCO exit and new U.S. factory costs
PALM BEACH GARDENS, Fla., July 28, 2026 – Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today reported better than expected financial results for the second quarter of 2026.
“We ended the first half with a stronger than expected second quarter, including better sales, adjusted EPS and free cash flow,” said Chairman & CEO David Gitlin. “Organic sales returned to growth earlier than expected, up 3%, driven by strong performance in our CSA segment. Improving Residential and Light Commercial markets in CSA and CSE are encouraging. Orders were very strong globally in the second quarter supported by continued data center demand. Given record backlog levels and our year-to-date performance, we are raising our full-year outlook and now expect sales of about $23 billion and adjusted EPS of ~$2.90."
1 Excludes NORESCO (exit announced) and Riello (exit completed on July 1, 2026)
1
Second Quarter 2026 Results
Total Company
(Unaudited)
Three Months Ended June 30
(In millions)20262025Change
Net sales$6,351 $6,113 4 %
Organic sales3 %
Operating profit$825 $903 (9)%
Operating margin13.0 %14.8 %(180) bps
Adjusted operating profit $1,095 $1,166 (6)%
Adjusted operating margin17.2 %19.1 %(190) bps
Diluted earnings per share:
Continuing operations$0.60 $0.70 (14)%
Continuing operations - Adjusted$0.86 $0.92 (7)%
Carrier’s second-quarter sales of $6.4 billion increased 4% compared to the prior year. Organic sales increased 3% and foreign currency translation was a tailwind of 1%.
GAAP operating profit of $825 million in the quarter declined 9% from last year, driven primarily by the Climate Solutions Americas (CSA) and Climate Solutions Asia Pacific, Middle East and Africa segments (CSAME). Adjusted operating margin of 17.2% was down 190 basis points from last year, predominantly due to favorable volume and productivity more than offset by the impact of increased input costs and unfavorable business mix.
Net earnings from continuing operations were $501 million and adjusted net earnings from continuing operations were $721 million. GAAP EPS from continuing operations was $0.60 and adjusted EPS was $0.86, down 14% and 7% year-over-year, respectively. The declines were primarily driven by lower operating profit and a higher effective tax rate, partially offset by the benefit of a lower share count.
2
Climate Solutions Americas (CSA)
(Unaudited)
Three Months Ended June 30
(In millions)20262025Change
Net sales$3,372 $3,252 4 %
Organic sales4 %
Segment operating profit $823 $879 (6)%
Segment operating margin24.4 %27.0 %(260) bps
CSA segment sales grew 4%. Organic sales were up 4% driven by Residential and Light Commercial (RLC), up 9% and 10% respectively, partially offset by Commercial1, down 8% due to the timing of customer deliveries.
Segment operating margin decreased 260 basis points as revenue growth mainly related to price which was more than offset by unfavorable mix and input costs.
Climate Solutions Europe (CSE)
(Unaudited)
Three Months Ended June 30
(In millions)20262025Change
Net sales$1,324 $1,253 6 %
Organic sales3 %
Segment operating profit $95 $99 (4)%
Segment operating margin7.2 %7.9 %(70) bps
CSE segment sales increased 6%. Organic sales were up 3% with RLC up high-single digits and Commercial down mid-single digits.
Segment operating margin decreased 70 basis points driven by volume growth and favorable price / cost more than offset by unfavorable mix and selling investments.
1 Excludes NORESCO
3
Climate Solutions Asia Pacific, Middle East & Africa (CSAME)
(Unaudited)
Three Months Ended June 30
(In millions)20262025Change
Net sales$917 $882 4 %
Organic sales4 %
Segment operating profit $108 $135 (20)%
Segment operating margin11.8 %15.3 %(350) bps
CSAME segment sales increased 4%. Organic sales were up 4% driven by double-digit growth in India, the Middle East, Southeast Asia and Australia partially offset by continued pressure in RLC in China.
Segment operating margin decreased 350 basis points driven by volume growth and productivity more than offset by unfavorable mix and lower JV income due to the impacts from the Middle East conflict.
Climate Solutions Transportation (CST)
(Unaudited)
Three Months Ended June 30
(In millions)20262025
Apr 30, 2026 · 100% conf.
1D
+2.27%
$68.70
Act: +0.63%
5D
+3.25%
$69.35
Act: +0.07%
20D
+4.90%
$70.46
Act: -4.48%
2 a99-q12026earningsexhibit.htm
Document
Exhibit 99
Carrier Reports First Quarter 2026 Results
•Data center orders up over 500%; backlog fully covers expected 2026 data center sales
•Total company orders1 up 11%; Commercial HVAC1 up 35%
•Net sales up 2%; organic sales down 1%
•GAAP EPS of $0.28 and adjusted EPS of $0.57
•Net cash flows from operating activities of $79 million and free cash flow of ($15) million
•Returned ~$500 million to shareholders through dividends and repurchases
•Reaffirms full year outlook
PALM BEACH GARDENS, Fla., April 30, 2026 – Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, today reported financial results for the first quarter of 2026.
“We started the year with better than expected sales performance across the portfolio,” said Chairman & CEO David Gitlin. “Orders in our global Commercial HVAC1 business increased 35%, helped by data centers which were up over 500% in the quarter. The strong double-digit sequential increase in Commercial HVAC backlog gives us the confidence to drive our sixth consecutive year of double-digit growth in this business. CSA Light commercial and CSE Residential both delivered growth, while CSA Residential came in better than expected. I am pleased with the team's performance in the first quarter, and we are reaffirming our full-year outlook.”
1 Excludes NORESCO
1
First Quarter 2026 Results
Total Company
(Unaudited)
Three Months Ended March 31
(In millions)20262025Change
Net sales$5,341 $5,218 2 %
Organic sales(1)%
Operating profit$259 $629 (59)%
Operating margin4.8 %12.1 %(730) bps
Adjusted operating profit $594 $848 (30)%
Adjusted operating margin11.1 %16.3 %(520) bps
Diluted earnings per share:
Continuing operations$0.28 $0.47 (40)%
Continuing operations - Adjusted$0.57 $0.65 (12)%
Carrier’s first-quarter sales of $5.3 billion increased 2% compared to the prior year. Organic sales declined 1%, more than offset by a 3% tailwind from foreign currency translation.
GAAP operating profit of $259 million in the quarter declined 59% from last year, driven by the CSA, CSE and CSAME segments. Adjusted operating profit of $594 million was down 30% from last year, predominantly due to lower sales in our CSA Residential business and continued headwinds in China Residential and Light Commercial (RLC).
Net earnings from continuing operations were $239 million and adjusted net earnings from continuing operations were $482 million. GAAP EPS from continuing operations was $0.28 and adjusted EPS was $0.57, down 40% and 12% year-over-year, respectively. The declines were primarily driven by lower operating profit, partially offset by a lower tax rate and benefits of a lower share count.
2
Climate Solutions Americas (CSA)
(Unaudited)
Three Months Ended March 31
(In millions)20262025Change
Net sales$2,501 $2,572 (3)%
Organic sales(3)%
Segment operating profit $373 $570 (35)%
Segment operating margin14.9 %22.2 %(730) bps
CSA segment sales declined 3%. Organic sales were down 3% driven by Residential, down about 12%, partially offset by strength in Light commercial and Commercial1, up 9% and 1% respectively.
Segment operating margin decreased 730 basis points largely reflecting lower Residential sales and associated factory under-absorption.
Climate Solutions Europe (CSE)
(Unaudited)
Three Months Ended March 31
(In millions)20262025Change
Net sales$1,293 $1,169 11 %
Organic sales— %
Segment operating profit $89 $105 (15)%
Segment operating margin6.9 %9.0 %(210) bps
CSE segment sales increased 11%. Organic sales were flat with RLC up low-single digits and Commercial down mid-single digits.
Segment operating margin decreased 210 basis points driven by lower Commercial volume and higher promotions partially offset by RLC volume growth and strong productivity.
1 Excludes NORESCO
3
Climate Solutions Asia Pacific, Middle East & Africa (CSAME)
(Unaudited)
Three Months Ended March 31
(In millions)20262025Change
Net sales$834 $826 1 %
Organic sales(1)%
Segment operating profit $81 $121 (33)%
Segment operating margin9.7 %14.6 %(490) bps
CSAME segment sales increased 1%. Organic sales were down 1% mainly driven by RLC in China, partially offset by strong Commercial growth outside of China, particularly in India and Australia.
Segment operating margin decreased 490 basis points as expected, driven mainly by China RLC.
Climate Solutions Transportation (CST)
(Unaudited)
Three Months Ended March 31
(In millions)20262025Change
Net sales$713 $651 10 %
Organic sales5 %
Segment operating profit $101 $97 4 %
Segment operating margin14.2 %14.9 %(70) bps
CST sales increased 10% driven by strong growth in Container. Organic sales increased 5% with 38% growth in Container, partially offset by a decline in Global Truck and Trailer, down high-single digits.
Segment operating margin declined 70 basis points, due to unfavorable mix.
4
Cash Flow
(Unaudited)
Three
Feb 5, 2026 · 100% conf.
1D
+2.38%
$64.60
Act: +1.30%
5D
+3.29%
$65.18
Act: +2.84%
20D
+6.30%
$67.08
Act: -7.76%
carr-20260205FALSE000178318000017831802026-02-052026-02-050001783180us-gaap:CommonStockMember2026-02-052026-02-050001783180carr:A4.125NotesDue2028Member2026-02-052026-02-050001783180carr:A4.500NotesDue2032Member2026-02-052026-02-050001783180carr:A3.625NotesDue2037Member2026-02-052026-02-05
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 5, 2026
(Exact name of registrant as specified in its charter)
Delaware 001-39220 83-4051582
(State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.)
13995 Pasteur Boulevard
Palm Beach Gardens Florida 33418
(Address of principal executive offices, including zip code)
(Registrant’s telephone number, including area code)
(561)365-2000
N/A (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock ($0.01 par value)CARRNew York Stock Exchange 4.125% Notes due 2028CARR28New York Stock Exchange 4.500% Notes due 2032CARR32New York Stock Exchange 3.625% Notes due 2037CARR37New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Section 2—Financial Information Item 2.02. Results of Operations and Financial Condition. On February 5, 2026, Carrier Global Corporation (the “Company”) issued a press release announcing its fourth quarter 2025 results. The press release issued February 5, 2026 is furnished herewith as Exhibit No. 99 to this Report, and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by reference into any filing by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Section 9—Financial Statements and Exhibits Item 9.01. Financial Statements and Exhibits. (d) Exhibits.
Exhibit Number Exhibit Description
99 Press release, dated February 5, 2026, issued by Carrier Global Corporation.
104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
(Registrant)
Date: February 5, 2026 By:
Patrick Goris
Executive Vice President, Chief Financial & Strategy Officer
This page provides Carrier Global Corporation (CARR) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on CARR's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.