Carrier Q2 sales rise 4% to $6.35 billion

• Carrier reported second-quarter 2026 net sales of $6.35 billion, up 4% year over year, with organic sales increasing 3%.
• Orders rose about 40%, led by approximately 65% growth in Commercial HVAC orders and data centre orders increasing more than 300%.
• The company raised its full-year outlook to about $23 billion in sales and approximately $2.90 in adjusted earnings per share.

Carrier (NYSE:CARR) reported second-quarter 2026 net sales of $6.35 billion, up 4% year over year, with organic sales increasing 3%.

Total company orders rose approximately 40%, including about 65% growth in Commercial HVAC orders and an increase of more than 300% in data centre orders.

Carrier said the strength of its order pipeline supported an increase in its full-year 2026 financial outlook.

GAAP operating profit declined 9% to $825 million, while adjusted operating profit fell 6% and adjusted operating margin decreased 190 basis points to 17.2%.

GAAP earnings per share from continuing operations were $0.60 and adjusted earnings per share were $0.86, down 14% and 7%, respectively, while free cash flow increased to $810 million.

Carrier provides intelligent climate and energy solutions, including heating, ventilation, air-conditioning, refrigeration and building technologies for residential and commercial customers.

The company now expects full-year sales of about $23 billion, adjusted operating profit of approximately $3.5 billion, adjusted earnings of about $2.90 per share and free cash flow of roughly $2 billion, including an estimated $0.05 per-share headwind from the NORESCO exit and new U.S. factory costs.