Carrier Reports Third Quarter 2026 Results
Carrier reported Q3 2026 net sales of $6.26 billion, up 12% YoY with 15% organic growth, and adjusted EPS of $0.87, up 30% YoY. A non-cash $3.1 billion goodwill impairment in Climate Solutions Europe drove a GAAP loss of ($3.16) per share, but adjusted operating margin still expanded 260 bps to 17.4%. Demand indicators were exceptional: total orders rose ~35%, data center orders up ~300%, and backlog hit a record $8.5 billion, up 60% YoY, with multi-billion-dollar LTAs carrying minimum volume commitments.
Key figures
- Revenue
- 6263000000
- Guidance
- FY26 sales raised to $23.8-$24.0B (from ~$23B), organic ~10%; adjusted EPS $2.85-$2.90 (from ~$2.90); adjusted operating profit ~$3.5B; FCF ~$2B
- Revenue Yoy
- 12%
- Fcf
- 674000000
- Backlog
- $8.5B+ record, up 60% YoY
- Orders yoy
- ~35%
- Adjusted eps
- 0.87
- Adjusted eps yoy
- 30%
- Capital return qtd
- ~$600 million
- Fy26 capital return
- ~$2.3 billion
- Goodwill impairment
- 3100000000
- Operating cash flow
- 813000000
- Ieepa refund benefit
- ~$130 million operating profit benefit
- Data center orders yoy
- ~300%
- Adjusted operating margin
- 17.4%
- Adjusted operating profit
- 1091000000
AI analysis
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