Carrier Global Stock: Is CARR Underperforming the Industrial Sector?

Carrier Global (CARR) acquired 75F, a cloud-native, AI-enabled building automation solutions provider, to enhance its intelligent building capabilities. The deal aims to integrate digital tools and connected devices, supporting autonomous building functions. Q2 revenue grew 4% to $6.4B, with raised 2026 guidance of $23B sales and $2.90 EPS. Risks include integration challenges and customer adoption concerns. Institutional sentiment remains strong, with 58 hedge funds holding positions.

Carrier reported improved residential HVAC demand in CSA, with residential sales up 9% year over year and light commercial up 10%. The company raised full-year sales forecasts, expecting residential and light commercial high-single-digit growth. Carrier guided residential pricing to about 4% for the year and said data center sales outlook is about $2B.

Carrier Global (CARR) shares fell about 4.5% after Q2 results showed higher revenue but lower year-over-year profitability. The company beat revenue and EPS expectations and raised full-year sales and profit guidance. Adjusted EPS dropped to $0.86 from $0.92, and operating margin fell to 13% from 14.8%. Shares traded near $66.19.

Carrier Global (NYSE: CARR) held its Q2 2026 earnings call. CEO David Gitlin said 2Q orders rose about 40%, with commercial HVAC up about 65% and data center orders up about 4x. The company raised full-year guidance, cited backlog over $8 billion, expects 2026 data center sales near $2 billion, and returned about $640 million to shareholders.

Carrier Global reported Q2 2026 net sales of $6.378B and adjusted operating profit of $1.095B, with adjusted operating margin at 17.2%. It raised full-year 2026 guidance to about $23B sales, $3.5B adjusted operating profit, and $2.90 adjusted EPS, citing a ~$0.05 EPS headwind from the NORESCO exit and new U.S. factory costs. Free cash flow was $810M and it returned ~$640M to shareholders.

Carrier Global (NYSE: CARR) reported Q2 CY2026 revenue of $6.35 billion, up 3.9% year on year and above Wall Street estimates. The company guided full-year revenue to $23 billion at the midpoint, 3.1% above analysts’ expectations. Non-GAAP adjusted EPS was $0.86, beating consensus by 5.2%.