CARR
FY2026 Q1 · Calendar Q2 2026
Carrier Global Corporation
Carrier's Q1 2026 results show commercial HVAC and data-center demand more than compensating for residential softness. Data-center orders grew over 500% year-over-year with backlog fully covering the $1.5 billion annual sales target. The company reaffirmed full-year revenue guidance of approximately $22 billion, supported by roughly 2% pricing increases (75% tariff-related) expected to offset higher input costs. A new partnership with ZutaCore for 2-phase cooling and upcoming Gen 1 data-center product launches strengthen the pipeline, while European heat-pump adoption accelerates. Aftermarket digital ecosystem growth and field retrofit kits add a recurring revenue layer.
EPS surprise+12.2%
Market move+8.8%
