Carrier Global reports Q3 loss and cuts full‑year EPS outlook, shares tumble
Carrier Global Corp released its third‑quarter 2026 results, showing adjusted earnings of $0.87 per share and revenue of $6.26 billion. A non‑cash goodwill impairment of $3.1 billion generated a GAAP loss of $3.16 per share and prompted the company to lower the upper end of its full‑year adjusted EPS guidance to $2.90. The market reacted with a roughly 7% pre‑market decline in the stock.
Why it matters
The impairment and earnings‑forecast cut signal lower profitability for the year, which may pressure analysts’ earnings models and affect investors’ valuation of Carrier. The share‑price drop reflects immediate market reassessment of the company’s outlook.
Key facts
- 1Carrier Global stock fell 7.0% in pre‑open trading to $52.09. investing.com
- 2Adjusted earnings per share for Q3 2026 were $0.87. investing.com
- 3The company recorded a non‑cash goodwill impairment charge of $3.1 billion tied to its Climate Solutions Europe unit. investing.com
- 4GAAP loss per share for the quarter was $3.16. investing.com
- 5Full‑year adjusted EPS guidance was set to a range of $2.85 to $2.90. investing.com
- 6Full‑year revenue guidance was $23.8 billion to $24.0 billion. investing.com
Open questions
- Material 1 reports a 7.0% drop while material 2 reports a 7.4% drop in the stock price; the exact percentage is conflicted.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.