Carrier gains on FY26 sales forecast raise, higher orders and backlog

Carrier Global

29/10/2026 10:20

** Shares of HVAC maker Carrier Global CARR.N rise more than 4% to $58.71 premarket after Q3 results
** Company raises FY26 sales forecast to $23.8 bln-$24.0 bln from ~$23 bln; adjusted EPS view of $2.85-$2.90 vs prior ~$2.90
** Q3 adjusted EPS of $0.87 beats analysts' avg. est. of $0.77; adjusted EPS includes ~$0.10 benefit from IEEPA tariff refunds
** Q3 revenue of $6.26 bln beats est. $6.08 bln
** Q3 total orders up ~35%; data center orders have jumped fourfold
** Record backlog above $8.5 bln, up 60% YoY
** Company signs multibillion-dollar long-term agreements with minimum volume commitments
** Adjusted operating profit up 33%; margin up 260 bps to 17.4%
** Q3 free cash flow of $674 mln vs $224 mln a year ago
** As of last close, shares up 6% YTD

(Reporting by Miraanta Lowrance in Bengaluru)
((miraanta.lowrance@thomsonreuters.com))