Carrier Global Corporation (CARR) Earnings Call Transcripts

Carrier Global Corporation's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, Carrier Global Corporation (CARR:US) reported revenues of $6.4 billion and adjusted EPS of $0.86, both exceeding expectations. The company raised its full-year guidance for sales, operating profit, and EPS due to strong order growth, particularly in commercial HVAC, which was up approximately 65%. Management highlighted a record backlog of over $8 billion, signaling robust demand and a positive outlook for the remainder of the fiscal year.

Reported metrics

Guidance from management

Management raised its full-year sales guidance to approximately $23 billion and adjusted EPS to about $2.90, reflecting strong demand and order growth. This guidance was increased from previous estimates due to better-than-expected performance in the first half of the year.

What management said

We didn't really see them in 2Q. We see them in the back half. We'll get 10 points of that benefit from the absence of destocking in the second half. So if you think about the second half of this year, Jeff, we'll see sales up about 20% in the back half, of course, off of some relatively easy compares. But [ 10 ] of that will come from the absence of destocking. We expect movement to be up mid-single digits, and then...

Yes. For the Americas, we'll be at around 22%, Europe will be about double digits, close to double digits. And then AME, a little over 10 -- mid-teens for transportation. And that gets you a total company at about 15.5%.

What analysts pressed on

Analysts expressed concerns regarding the decline in segment margins, particularly due to unfavorable mix and increased input costs. There were also questions about the potential impact of capacity expansion on future margins and the ability to manage supply chain challenges amid rising demand.

Main topics on the call

• Strong Order Growth — Carrier reported a 40% increase in total orders for the quarter, with commercial HVAC orders up about 65%. CEO David Gitlin stated, "Given the increasing demand for our differentiated commercial solutions, we have announ...
• Record Backlog — The company's backlog reached over $8 billion, up about 40% year-over-year and 20% sequentially. This positions Carrier well for continued growth, as Gitlin noted, "Our total company backlog... is now over $8 billion, up...
• Acquisition of 75F — Carrier's acquisition of 75F is expected to enhance its building management system capabilities and expand its addressable market by about $20 billion. Gitlin emphasized, "We're buying great technology that not only enab...
• Guidance Increase — Management raised its full-year sales outlook to approximately $23 billion, with adjusted EPS now expected to be about $2.90, up from $2.80. CFO Patrick Goris stated, "We now expect full year sales to be roughly $23 bill...

Read the full Carrier Global Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 78 Carrier Global Corporation earnings call transcripts on record, spanning February 10, 2020 to July 28, 2026. Based on this history, Carrier Global Corporation reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CARR

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Building Products

Calls on record

78

First call

February 10, 2020

Most recent

July 28, 2026

Reporting cadence

quarterly