Carrier Q1 GAAP EPS $0.28 (-40%), Adj EPS $0.57 (-12%); sales up 2% to $5.34B

CARRIER GLOBAL Corp

2026-Q1 EPS reported $0.28 revenue$5,341,000,000

GAAP operating profit $259M (-59% YoY); adjusted op profit $594M (-30%); net sales $5.34B (+2% reported, -1% organic).
Data center orders surged >500%; total orders up 11%; Commercial HVAC orders up 35%. Backlog covers expected 2026 data center sales.
Free cash flow ($15)M vs $420M prior year due to higher capex and lower cash from ops; returned ~$500M to shareholders.
CSA Residential sales down ~12% YoY; segment op margin fell 730bps to 14.9%. CST Container revenue up 38%.
FY2026 guidance reaffirmed: sales ~$22B, adj EPS ~$2.80, FCF ~$2B. Riello divestiture now expected to close by end of Q2 2026.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CARRIER GLOBAL Corp reported first quarter of 2026 results: revenue $5,341, EPS $0.28.

Period: first quarter of 2026
Revenue: $5,341
EPS: $0.28
Result: reported results

Exact text from the filing

our full-year outlook.” 1 Excludes NORESCO 1 First Quarter 2026 Results Total Company (Unaudited) Three Months Ended March 31 (In millions) 2026 2025 Change Net sales $ 5,341 $ 5,218 2 % Organic sales (1) % Operating profit $ 259 $ 629 (59) % Operating margin 4.8 % 12.1 % (730) bps Adjusted operating profit $ 594 $ 848 (30) % Adjusted operating margin

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Source: SEC EDGAR

accession 0001783180-26-000023

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