Carrier Global CorporationNYSE: CARR
Industrials · Building Products
$67.76
+0.88%
Vol: 5.6M
Research Digest
Friday, May 1, 2026
Carrier Global surged 8.8% on April 30 after Q1 beat with adjusted EPS of $0.57; data center orders jumped over 500% with $1.5B target fully covered by backlog.
Carrier Global reported strong Q1 2026 results with adjusted EPS of $0.57 beating expectations on $5.3B in sales. Data center orders surged over 500% with $1.5B 2026 target fully covered by current backlog. Global CHVAC orders rose 35% and CSA commercial HVAC orders jumped over 80%. Management reaffirmed full-year targets and plans additional 2 points of pricing globally to offset $400-450M in tariff and fuel costs.
Previous Market Intelligence
13 daysApr 30Carrier reports Q1 2026 sales of 5.34 billion, beats estimates; data center orders surge over 500 percentMixed▶
Carrier Global reported Q1 2026 net sales of $5.34 billion (up 2% YoY), beating analyst expectations while organic sales fell 1%. Adjusted EPS was $0.57 versus forecast of $0.51. Commercial HVAC orders up 35% and data center orders surged over 500%, with $1.5 billion data center sales target for 2026 fully covered by current backlog. Operating margin fell to 11.1% adjusted from 16.3% prior year due to tariff headwinds. Free cash flow negative at negative $15 million versus positive $420 million year-ago due to operating cash flow decline. Management expects additional 2 points of pricing globally to offset $400-450 million in new tariff and fuel costs. Company reaffirmed 2026 outlook: $22 billion sales, $2.80 adjusted EPS, $2 billion free cash flow.
Apr 29Carrier Global to report Q2 2026 earnings April 30; stock up 13.6% amid elevated valuation concernsMixed▶
Carrier Global Corporation will report Q2 2026 earnings April 30 after market close with analyst expectations of $0.50 EPS and $5.0 billion revenue. Stock up 13.6% heading into earnings but faces analyst headwinds with bearish sentiment and downward revenue revisions over past 30 days. Carrier missed Q1 revenue expectations at $4.84 billion, down 6% year-over-year. Analyst average rating "Buy" with PT of $70.62, but elevated 36.68 PE ratio leaves limited room for disappointment.
Apr 16Carrier Global Q1 2026 earnings April 30; stock fell 9.64% on April 15 amid residential HVAC weakness, but data center orders surged 400% YoY.Mixed▶
Carrier Global announced Q1 2026 earnings release for April 30, 2026 with conference call at 7:30 a.m. ET. Stock experienced volatility with 5.4% surge on April 10 to $61.46 but fell 9.64% on April 15 to around $59.48 amid investor concerns over persistent residential HVAC market weakness and conservative 2026 guidance. However, the company reported extraordinary 400% surge in commercial HVAC orders for data centers in Q1 2026, capitalizing on AI chip cooling demand where Carrier has established significant competitive advantage. Board declared $0.24/share quarterly dividend payable May 22. Multiple analyst price target reductions reflect cautious sentiment on residential market headwinds including consumer spending concerns and elevated dealer inventory.
Apr 15CARR shares surged 5.4% on April 10 as geopolitical relief and 400% surge in data center HVAC orders drive momentum ahead of April 30 Q1 earnings.Positive▶
Carrier Global shares rallied 5.4% to $61.46 on April 10, 2026, driven by cooling geopolitical tensions and soaring demand for data center cooling solutions. The company reported a 400% surge in commercial HVAC orders for data centers in Q1 2026. Carrier has successfully restructured into a pure-play climate and energy leader after divesting residential, industrial fire, and commercial refrigeration divisions. Q1 2026 earnings release scheduled for April 30.
Apr 14Carrier Global shares surged 5.4% on April 10 after geopolitical tensions eased; company reported 400% surge in data center HVAC orders.Positive▶
Carrier Global (CARR) jumped 5.4% on April 10, 2026 as cooling Middle East tensions and strong data center demand drove investor interest. The company reported a staggering 400% surge in commercial HVAC orders for data centers in Q1 2026, capitalizing on AI infrastructure cooling needs. Carrier will release Q1 2026 earnings on April 30, 2026 at 7:30 a.m. ET. The company has successfully restructured its portfolio over the past two years, divesting residential and industrial fire businesses. Analyst consensus is Buy with recent price targets ranging from $58-$76.
Apr 13Carrier stock up 5.4% on April 10 driven by data center cooling demand, with Q1 commercial HVAC orders surging 400% year-over-year.Positive▶
Carrier Global shares jumped 5.4% on April 10 to $61.46 multi-month high due to geopolitical relief and data center demand. Q1 2026 commercial HVAC orders for data centers surged 400%. Carnegie Investment Counsel increased stake 420.4% in Q4. Wolfe Research raised price target to $76 with Outperform rating, while Wells Fargo cut target to $58 and RBC reduced to $68. Q1 2026 earnings scheduled for April 30.
Apr 10Carrier Global reports record HVAC backlog and strong data center positioning ahead of Q1 earnings (April 30).Mixed▶
Carrier Global (CARR) confirmed continued momentum in commercial HVAC with record backlog and significant exposure to AI-driven data center cooling demand. CEO David Gitlin stated the company remains on track to deliver 2026 guidance. Stock gained 5.14% on April 8. However, the company issued a negative preannouncement for 4Q25 EPS due to Americas residential HVAC weakness.
Apr 9Carrier Global reports challenging Q4 2025 with 6% revenue decline; enters 2026 with cautious outlookNegative▶
Carrier Global Corporation reported Q4 revenue declining 6% to $4.84 billion with cautious 2026 outlook amid residential market weakness. However, company announced strategic investments through Carrier Ventures in Heat Geek to accelerate residential heat pump adoption in Europe, demonstrating commitment to climate solutions. Introduced AquaEdge 30CF air-cooled chiller designed for data center operators seeking uninterrupted cooling performance. Company announced 2026 EPS guidance of $2.80 below consensus of $2.91. Stock down 14.16% over one month but trading near 52-week low of $55.44 despite 400% growth in data center orders in Q4 2025. Analysts see max target of $90 with significant recovery potential.
Apr 8Carrier Global invests in Heat Geek expansion; faces Q4 weakness but projects 8.1% 2026 EPS growthMixed▶
Carrier Global strategically invested in Heat Geek to strengthen European heat pump market presence. Q4 2025 saw headwinds: net sales down 6%, organic sales down 9%. GAAP EPS $0.03, adjusted EPS $0.34. Despite challenges, company projects 2026 EPS growth of 8.1% to $2.80. Stock at $55.66 faces analyst price target cuts (Citi $70 from $71, Morgan Stanley $55 from $60, UBS $70 from $73). Supported by strong data center demand and aftermarket services. Dividend yield 1.6%.
Apr 7Carrier strategically invests in Heat Geek to strengthen European heat pump presence.Neutral▶
Carrier announced strategic investment in Heat Geek for European heat pumps. Q4 revenue -6% to $4.84B amid residential weakness. Focusing on data center cooling. Stock $55.66 (+1.1%). Citi Buy; Morgan Stanley PT $55.
Apr 6Carrier Global faces headwinds with Q4 2025 organic sales down 9% despite strategic expansion.Neutral▶
Carrier Global reported weak Q4 2025 results with net sales down 6% and organic sales down 9%, reflecting broader challenges in the HVAC and climate control markets. The company is strategically investing to enhance European presence, including the Heat Geek partnership and the 2024 acquisition of Viessmann Climate Solutions to expand heat pump, boiler, and solar PV offerings. Current stock price is $55.75 with a market cap of $46.54 billion, trading at a P/E ratio of 32.62 and offering a dividend yield of 1.6%. The stock has experienced recent weakness due to lowered earnings guidance and organic growth challenges. Analysts have highlighted Carrier Global among industrial goods company top picks, suggesting potential recovery as European heat pump markets develop and operational synergies from acquisitions materialize.
Apr 3Carrier Global cuts 2026 guidance with lower revenue and margins, citing short-cycle headwinds despite data center order surge.Negative▶
Carrier Global revised its 2026 outlook downward, reducing revenue forecast from $23B to $22B and free cash flow guidance from $2.4-$2.6B to $2.0B. However, Q4 2025 North American data center orders surged 400%, and management targets additional 50% growth in 2026. Wells Fargo lowered price target from $65 to $58 maintaining Equal-Weight. Consensus among 13 analysts remains Buy with $71.77 average PT.
Apr 2Wells Fargo cuts Carrier price target to $58 from $65; Barclays lowers to $67 from $72, both citing near-term HVAC challenges.Negative▶
Wells Fargo lowered Carrier Global's price target to $58 from $65 (Equal-Weight rating), while Barclays reduced its target to $67 from $72 (maintained Buy). The downgrades reflect near-term headwinds in the HVAC sector. CARR reported Q4 earnings of $0.34 per share vs. estimate of $0.36 miss and revenue of $4.84B vs. $5.05B estimate. The stock was down 4.18% over the last 24 hours. Next earnings scheduled for April 23, 2026.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| TTTRANE | $486.46 | -1.23% | +14.3% | 29.2x | 1.21 | $108.9B |
| JCIJOHNSON | $145.42 | -0.42% | +9.2% | 26.2x | 1.40 | $89.4B |
| CARRCARRIER | $67.76 | +0.88% | +20.8% | 21.2x | 1.32 | $56.1B |
| LIILENNOX | $528.11 | -1.27% | +17.9% | 20.1x | — | $18.6B |
| MASMASCO | $71.37 | -0.63% | +20.3% | 15.3x | 1.29 | $14.5B |
| ALLEALLEGION | $135.89 | -1.16% | -1.9% | 14.4x | 1.03 | $11.8B |
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Price above both MAs — bullish structure.