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Carrier Global CARR Q2 2026 earnings

Reported July 28, 2026 · Before market open

Revenue$6.4BBeat by $333.0M
Adjusted EPS$0.86Beat by $0.04
Revenue estimate$6.0B
EPS estimate$0.82
“We ended the first half with a stronger than expected second quarter, including better sales, adjusted EPS and free cash flow, 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.”
Management

Next report

Oct 27, 2026 (In 3 weeks)
Revenue estimate$6.0B
EPS estimate$0.77

Financials

Q2 2026

Income statement

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Revenue$6.4B+3.9%
Operating income$825.0M-8.6%
Net income$501.0M-15.2%
EPS (diluted)$0.60-11.8%

Balance sheet

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Cash & equivalents$1.3B-25.2%
Total debt$12.6B+5.0%
Total equity$13.5B-10.3%
Total assets$37.4B-2.9%

Cash flow

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Operating cash flow$927.0M+42.8%
CapEx$117.0M+44.4%
Free cash flow$810.0M+42.6%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$45.52B-9.2%
Enterprise value$56.76B-6.4%
P/E37.3×+24.7×
P/S2.1×-0.2×

Profitability

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Operating margin7.8%-5.9pp
Net margin5.5%-12.3pp
FCF margin8.7%—

Returns & leverage

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Return on equity8.6%-18.9pp
Debt / equity0.9×+0.1×
Current ratio1×-0.1×

Segments

By segment

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Climate Solutions Americas$3.4B+3.7%
Climate Solutions Europe$1.3B+5.7%
Climate Solutions Asia Pacific, Middle East & Africa$917.0M+4.0%
Climate Solutions Transportation$738.0M+1.7%

By geography

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Europe$1.6B+4.0%
Asia Pacific$1.0B+4.9%
Other$205.0M+12.0%

By product

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Service$717.0M+12.7%

FAQ

When did Carrier Global report Q2 2026 earnings?
Carrier Global (CARR) reported Q2 2026 earnings on July 28, 2026 before market open.
What were Carrier Global's Q2 2026 revenue and EPS?
Carrier Global reported revenue of $6.4B and adjusted eps of $0.86 for Q2 2026.
Did Carrier Global beat estimates in Q2 2026?
Revenue beat the consensus estimate of $6.0B by $333.0M. EPS beat the consensus estimate of $0.82 by $0.04.
How did Carrier Global's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.9% from $6.1B a year earlier.
Where can I find Carrier Global's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001783180-26-000030) and the 10-Q periodic report (0001783180-26-000032) directly on SEC EDGAR. The filing index links above go to sec.gov.