Carrier Reports Third Quarter 2026 Results
Key Highlights
- ➤Orders up ~35%; data center orders up ~300%
- ➤Backlog exceeds $8.5B, up 60% year over year
- ➤Q3 sales $6.3B, up 12%; organic sales up 15%
- ➤Adjusted EPS $0.87, up 30%; GAAP EPS ($3.16)
- ➤2026 guidance: sales nearly $24B; adjusted EPS $2.85 to $2.90
Expert Statements
David Gitlin, Chairman & CEO of Carrier Global Corporation
“We delivered strong third quarter performance, with orders, sales and adjusted EPS all up between 15% and 35%, with very strong free cash flow. Organic orders were up ~35%, with data center orders up ~300%, resulting in over $8.5 billion of backlog, up 60% versus last year, reflecting continued strong demand for our differentiated solutions. We expect to deliver double-digit organic sales and adjusted EPS growth in 2026, while record backlog levels give us confidence to sustain this momentum into 2027 and beyond.”
Signed LTAs valued at multiple billions of dollars with minimum volume commitments
* Total company orders(1) up ~35%; Commercial HVAC(1) up ~60%; data centers up ~300% * Record >$8.5B backlog; LTA minimums additive to backlog * Net sales up 12%; organic sales up 15% * GAAP EPS(2) of ($3.16); adjusted EPS(2) of $0.87 * Net cash flows from operating activities of $813 million and free cash flow of $674 million * Returned ~$600 million to shareowners through dividends and repurchases PALM BEACH GARDENS, Fla., Oct. 29, 2026 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today reported financial results for the third quarter of 2026.
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