Quarterly ResultJul 28, 2026, 07:01 AM
Carrier Q2 Adj. EPS $0.86; Raises Full-Year Outlook
AI Summary
Carrier Global Corporation reported better than expected financial results for the second quarter of 2026, with net sales up 4% to $6.35 billion and adjusted EPS of $0.86. Organic sales returned to growth earlier than anticipated, increasing 3%. The company generated $810 million in free cash flow and returned approximately $640 million to shareholders. Due to strong performance and record backlog levels, Carrier has increased its full-year outlook for sales to ~$23 billion and adjusted EPS to ~$2.90.
Key Highlights
- Q2 2026 Adjusted EPS was $0.86, down 7% year-over-year.
- Q2 2026 Net sales increased 4% to $6.35 billion, with organic sales up 3%.
- Full-year 2026 sales outlook raised to ~$23 billion from ~$22 billion.
- Full-year 2026 adjusted EPS outlook raised to ~$2.90 from ~$2.80.
- Q2 2026 Free cash flow was $810 million, up from $568 million in Q2 2025.
- Total company orders were up ~40%, with Commercial HVAC up ~65% and data centers up >300%.
- Returned ~$640 million to shareholders through dividends and repurchases in Q2.
- Climate Solutions Americas (CSA) segment sales grew 4%, with organic sales up 4%.
Price Impact
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