Carrier Global Corporation Q1 2026 Earnings Release

Carrier Global Corporation reported first quarter 2026 results with total net sales of $5.341 billion, a 2% increase year-over-year, while organic sales decreased by 1%. GAAP EPS from continuing operations was $0.28, and adjusted EPS was $0.57. The company experienced a significant increase in data center orders, up over 500%, contributing to an 11% rise in total company orders and a 35% increase in Commercial HVAC orders. However, net cash flows from operating activities were $79 million, resulting in a free cash flow of ($15) million for the quarter. The company reaffirmed its full-year 2026 outlook, with expected net sales around $22 billion and adjusted EPS around $2.80. The report also detailed segment performance, with Climate Solutions Transportation showing a 10% sales increase and Climate Solutions Europe up 11%, while Climate Solutions Americas saw a 3% sales decline.