| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 6.3K | 1.4% | 12.3% |
| Total Income | 6.3K | 1.4% | 12.3% |
| Expenditure | 5.5K | 1.6% | 8.0% |
| PBT | -2.4K | 427.7% | 645.7% |
| Net Profit | -2.6K | 617.6% | 705.8% |
| OPM | -36.29% | 49.28pp | 45.95pp |
| NPM | -41.40% | 49.29pp | 49.07pp |
| EPS | -3.16 | 618.0% | 732.0% |
Carrier Reports Q3 2026 Results: Orders Up 35%, Net Sales Up 12%
29 Oct 2026 · 29 Oct, 5:01 pm
Summary
Carrier Global Corporation announced strong third quarter 2026 results, with net sales increasing 12% to $6.3 billion and organic sales growing 15%. The company saw significant order growth, particularly in data centers, leading to a record backlog of over $8.5 billion. Adjusted operating profit rose 33% to $1,091 million, with adjusted EPS up 30% to $0.87, driven by strong performance across segments and favorable pricing. Management expressed confidence in sustained momentum, expecting double-digit organic sales and adjusted EPS growth for the full year 2026.
Key Highlights
- 1
Carrier reported third quarter 2026 net sales of $6.3 billion, an increase of 12% compared to the prior year, with organic sales up 15%.
- 2
Total company orders increased approximately 35% in the third quarter, with Commercial HVAC orders up about 60% and data center orders up approximately 300%.
- 3
The company achieved a record backlog of over $8.5 billion, up 60% versus last year.
- 4
Adjusted operating profit increased 33% to $1,091 million, and adjusted operating margin expanded 260 basis points to 17.4%.
- 5
Adjusted diluted earnings per share (EPS) was $0.87, a 30% increase compared to $0.67 in the prior year.
- 6
Net cash flows from operating activities were $813 million, and free cash flow was $674 million for the third quarter.
- 7
Carrier now expects full-year 2026 sales of nearly $24 billion, with organic growth of approximately 10%.
Management Comments
David Gitlin
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.
Informational and educational content only. Not investment advice.