Carrier Global stock gains on earnings beat and strong guidance

CARR reported Q3 revenue of $6.26B (12.3% YoY growth, 2.6% beat) and adjusted EPS of $0.87 (13.4% beat). Full-year revenue guidance raised to $23.9B, but EPS guidance lowered to $2.88. Operating margin fell to -36.3%. Data center demand surged, with a $3B agreement and $550M in quarterly sales. Residential recovery and new product launches drove growth, while margin pressures from material costs and tariffs led to price increases.

Carrier Global (CARR) reported Q3 earnings, highlighting improved residential demand in the Americas and Europe, with CSA segment sales up over 30%. The company raised its 2026 revenue outlook to nearly $24B but faces input-cost pressures, expecting $800M in headwinds. CSA operating margin was 22.2% in Q3, with full-year margin now expected at about 19%.

Carrier Global Corp (CARR) reported Q3 2026 earnings, highlighting a 300% surge in data center orders. However, adjusted operating margins in CSA were lower than expected due to input cost headwinds of $550-$600 million, with carryover inflation expected into 2027. Price realization in residential HVAC was lower than anticipated, and supply chain challenges led to inefficiencies. The company expects sequential margin improvement and targets double-digit EPS growth for 2027.

Carrier Global Corporation reported Q3 2026 earnings, highlighting a strategic shift toward commercial HVAC and aftermarket services. The company saw record backlog driven by data center demand and a $3B hyperscaler agreement. Residential performance improved in the Americas, while Europe showed stabilization. Management cited margin pressure due to input cost headwinds.

Carrier Global reported Q3 2026 revenue of $6.26B, up 12.3% YoY, but net income was a loss of $2.59B due to a $3.1B goodwill impairment. EPS was a loss of $3.16. Sales grew organically, but transportation sales declined 3%. The company sold Riello for $438M and leased a new facility in Fort Worth.

Carrier (CARR) stock fell 7.4% premarket after reporting a $3.1B goodwill impairment charge and reducing its full-year earnings forecast upper limit, despite strong AI data center demand.