Carrier Global CorporationNYSE: CARR
Industrials · Building Products
$71.72
+15.34%
Vol: 345K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Carrier Global beat Q1 2026 estimates with $5.34B revenue as data center orders surged over 500%, triggering multiple analyst price target hikes.Positive▶
Carrier reported Q1 2026 net sales of $5.34B (+2% YoY), beating estimates by $326M, with adjusted EPS of $0.57. Orders were strong with Commercial HVAC up 35% and data center orders up over 500%, driven by AI infrastructure demand. Multiple analysts raised price targets following the beat: Argus to $75, Baird to $75, Mizuho to $75, Evercore ISI to $85, and Citi to $79. Carrier Ventures expanded its investment in ZutaCore for direct-to-chip liquid cooling. CEO David Gitlin presented at the Wolfe Research conference on May 19. The board declared a $0.24 quarterly dividend payable May 22.
May 20Carrier CEO David Gitlin presents at Wolfe Research Global Transportation & Industrials Conference on May 19, 2026 following strong Q1 with 500% growth in data center orders.Positive▶
On May 19, 2026, Carrier Global Chairman and CEO David Gitlin presented at the Wolfe Research 19th Annual Global Transportation & Industrials Conference at 9:10 a.m. ET, providing investor updates following Q1 2026 results that featured a 500% jump in global data center orders and a 35% rise in commercial HVAC orders. The company reaffirmed FY26 revenue guidance of $22B, adjusted operating profit of $3.4B, and $2B in free cash flow. Carrier Ventures also expanded its investment in ZutaCore to advance direct-to-chip waterless liquid cooling for AI data centers, reinforcing its AI infrastructure exposure. The quarterly $0.24 dividend pays May 22, 2026. Risk: residential HVAC remains soft, offsetting commercial strength. JPMorgan recently raised its price target to $67 from $63.
May 19Carrier Global CEO Gitlin presents at Wolfe Research conference today (May 19); commercial HVAC orders +35%, data center orders +500%.Positive▶
Carrier CEO David Gitlin presents at the Wolfe Research conference at 9:10 a.m. ET today (May 19). Q1 2026 net sales $5.34B (+2%), GAAP EPS $0.28, adjusted EPS $0.57; commercial HVAC orders rose 35% and data center orders jumped over 500%. Carrier returned ~$500M to shareholders and reaffirmed FY26 guidance. JPMorgan raised PT to $67 (Neutral); Barclays raised PT to $79 (Overweight). Dividend of $0.24 paid May 22. Risk: execution on the data-center order book.
May 18Carrier Global CEO David Gitlin to present at Wolfe Research Industrials Conference on May 19, with data center order momentum in focus.Positive▶
Carrier Global announced updated timing for CEO David Gitlin's presentation at the Wolfe Research 19th Annual Global Transportation & Industrials Conference on May 19, 2026 at 9:10 a.m. ET. Recent momentum stems from Q1 2026 results showing data center orders up over 500% and Commercial HVAC orders up 35%, though adjusted operating profit fell 30%. Carrier Ventures expanded follow-on investment in ZutaCore for direct-to-chip liquid cooling targeting AI data centers. Analyst sentiment is positive with Evercore ISI raising PT to $85 from $75, Baird to $75 from $70, and Barclays raising its target. Consensus median PT stands at $75 across 28 analysts (14 Buy, 12 Hold).
May 15Carrier data center HVAC orders surge 500% in Q1; Argus raises PT to $75 while CEO to present at Wolfe May 19.Positive▶
Carrier Global reported Q1 2026 revenue of $5.34 billion (up 2.36% YoY) and beat estimates by $326 million. Commercial HVAC orders rose 35% globally, with data center orders surging more than 500%, attributed to the QuantumLeap integrated cooling offering. Argus Research raised its price target to $75 from $72 (Buy), Baird raised PT to $75 from $70 (Outperform), and Barclays lifted to $79 from $67 (Overweight). Full-year revenue guidance reaffirmed at ~$22B with EPS of $2.79. Tariff-related costs of $400-450M and China weakness remain headwinds. CEO is scheduled to present at the Wolfe Research conference on May 19. Sentiment is positive on AI/data center exposure.
May 14Carrier Global Q1 2026 revenue beat at $5.34B (+2%) with data center orders surging over 500%, while Barclays raised its price target citing AI infrastructure tailwinds.Positive▶
Carrier Global reported Q1 2026 results on May 13 with net sales of $5.34B (+2.36% YoY), beating estimates by $326M. GAAP EPS came in at $0.28 and adjusted EPS at $0.57; GAAP operating profit fell 59% to $259M and adjusted operating profit dropped 30% to $594M. However, orders surged with Commercial HVAC up 35% and data center orders up over 500%, driven by AI infrastructure demand. Carrier Ventures expanded its follow-on investment in ZutaCore for direct-to-chip liquid cooling. The board declared a quarterly dividend of $0.24/share payable May 22. CEO David Gitlin will present at the Wolfe Research conference on May 19. Consensus rating is Buy from 14 of 26 analysts with an average PT near $73.38-$74.70.
May 13Carrier Global shares purchased by Rep. Salazar; CEO to present at Wolfe Research conference May 19Positive▶
On May 12, 2026, congressional disclosures showed Rep. Maria Elvira Salazar purchased shares of Carrier Global Corporation. The company also updated timing details for Chairman & CEO David Gitlin's presentation at the Wolfe Research 19th Annual Global Transportation & Industrials Conference, now scheduled for May 19, 2026 at 9:10 a.m. ET. Carrier recently posted strong Q1 2026 results with EPS of $0.57 (beating $0.51 consensus) and revenue of $5.34B. Commercial HVAC orders rose 35% and data center orders surged over 500%. Multiple analysts have raised price targets, with Evercore ISI going to $85 and Citi to $79. The stock has a Strong Buy consensus rating with a median price target of $75.
May 12Carrier Global Commercial HVAC orders up 35% and data center orders up 500%+ in Q1 2026; Evercore and Barclays raised price targets on May 1Positive▶
Carrier Global reported Q1 2026 net sales of $5.34B (up 2%), GAAP EPS of $0.28 and adjusted EPS of $0.57. While GAAP operating profit fell 59% to $259M and adjusted operating profit was down 30% to $594M, orders were strong with Commercial HVAC up 35% and data center orders up over 500%, and the company reaffirmed full-year 2026 guidance while returning ~$500M to shareholders. Carrier declared a $0.24 quarterly dividend payable May 22 to holders of record May 4. On May 1, Evercore raised its price target to $85 from $75, and Barclays raised to $79 from $67 with Overweight. CEO David Gitlin will present at the Wolfe Research conference on May 19 at 9:10 a.m. ET. Carrier Ventures expanded follow-on investment in ZutaCore on April 29 for direct-to-chip liquid cooling in AI data centers.
May 11Carrier Global beats Q1 estimates with data center orders surging over 500% as analysts raise targetsPositive▶
Carrier Global reported Q1 2026 revenue of $5.34 billion, well above the $5.01 billion consensus. Total orders rose 11% with global commercial HVAC orders up 35% and data center orders surging over 500%. The $1.5 billion data center sales target for 2026 is now fully covered by current backlog. The company reaffirmed full-year 2026 revenue guidance of ~$22B and EPS forecast of $2.79. Tariff-related costs of $400-450M and China weakness remain headwinds. Carrier also expanded its investment in ZutaCore for liquid cooling. Baird raised PT to $75, Mizuho to $75, Evercore ISI to $85.
May 8Carrier Global beats Q1 guidance and raises FY26 EPS guidance amid strong data center demandPositive▶
Carrier Global reported Q1 2026 adjusted EPS of $0.57 (+11.76% beat) on revenue of $5.34B (+6.8% beat). The company reaffirmed FY26 guidance at ~$22B revenue with flat to low single-digit organic growth and $2.79 EPS. Key strength: data center orders surged 500% YoY and commercial HVAC sales are up 80% since spin-off. Headwinds include $400-450M in tariff costs and China weakness. Argus raised price target to $75, and 14 analysts rate it Buy with $73.38 target (+7.56%). CEO presents at Wolfe Research on May 19.
May 7Carrier Global beat Q1 with strong data center demand; EPS 11.76% above estimates, stock up 8.79%Positive▶
Carrier Global reported Q1 2026 EPS of $0.57 (beat $0.51 est.) and revenue of $5.34B (beat $5.0B est.), with data center orders up 500% and backlog covering all 2026 DC sales. Strong commercial HVAC demand offset weak residential and China segments. Argus raised PT to $75 (Buy) citing attractive valuation. 14 analysts rate Buy with 12-month PT of $73.38 (+7.56% upside). CEO appears at Wolfe Research conference May 19.
May 6Carrier Q1 beats estimates with strong data center orders up 500%, targets $1.5 billion revenuePositive▶
Carrier Global reported Q1 adjusted EPS of $0.57, beating estimates of $0.51, with revenue of $5.34 billion exceeding forecasts. Orders surged 11% overall, with global HVAC orders up 35% and data center orders up 500%. The company's $1.5 billion data center sales target for 2026 is fully covered by current backlog with significant delivery ramp in H2. Carrier will present at Wolfe Research conference on May 19. CEO David Gitlin will speak at 12:50 p.m. ET. The company reaffirmed full-year guidance and returned $500 million to shareholders.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| TTTRANE | $467.31 | +4.39% | -2.8% | 26.3x | 1.26 | $99.0B |
| JCIJOHNSON | $147.75 | +9.06% | -1.3% | 23.8x | 1.39 | $82.7B |
| CARRCARRIER | $71.72 | +15.34% | -3.6% | 19.4x | 1.38 | $51.6B |
| LIILENNOX | $526.87 | +9.65% | -4.2% | 18.1x | 1.23 | $16.7B |
| MASMASCO | $75.35 | +12.20% | +2.5% | 14.3x | 1.34 | $13.5B |
| ALLEALLEGION | $136.21 | +4.21% | +1.7% | 13.7x | 0.90 | $11.2B |
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Price above both MAs — bullish structure.