Carrier posts Q3 growth and raises 2026 revenue outlook

Carrier reported third-quarter 2026 net sales of $6.263 billion, up 12% year over year, with organic sales up 15% and adjusted EPS of $0.87; total orders rose about 35%, while data-center orders increased about 300% and backlog exceeded $8.5 billion. GAAP EPS was a loss of $3.16 because of a $3.1 billion non-cash goodwill impairment tied to Climate Solutions Europe, while free cash flow reached $674 million and Carrier returned about $600 million to shareholders. The company raised its 2026 sales outlook to $23.8 billion-$24.0 billion, with organic growth of about 10%, but lowered adjusted EPS guidance slightly to $2.85-$2.90 from about $2.90.