Carrier Global (CARR) official guidance

Carrier Global (CARR) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.

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CARRCARRIER GLOBAL CorpFY2027 · ends 2027-12-31
1 metric1 new
earnings call · 1d
2026-10-29 12:52:09 UTCrecord backlogsnew
Though it is too early to give guidance for 2027, thanks to the great work of our nearly 50,000 team members across the world, we expect to enter next year with record backlogs, accelerating commercial and data center demand, recovering residential markets, growing aftermarket revenue, and differentiated technologies across the portfolio, positioning us for another year of double-digit EPS growth.
CARR · transcript · Q3 FY2026
2026-10-29 12:51:00 UTCOpen source
CARRCARRIER GLOBAL CorpFY2026 · ends 2026-12-31
1 metric1 maintained
earnings call · 1d
2026-10-29 12:52:09 UTC$2.85 – $2.9maintained
This takes us to our adjusted EPS outlook of $2.85-$2.90 for the full year.
CARR · transcript · Q3 FY2026
2026-10-29 12:51:00 UTCOpen source
2026-10-29 11:28:06 UTC$2.85 – $2.9lowered -0.9%
| Adjusted EPS\* | $2.85 to $2.90 | ~$2.90 |
CARR · EX-99 · Q3 FY2026
2026-10-29 11:26:46 UTCOpen source
2026-07-29 04:01:55 UTC$2.9maintained
We now expect adjusted operating profit of about $3.5 billion, and adjusted EPS of about $2.90, up from our prior guide of $3.4 billion and $2.80 of EPS.
CARR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-07-28 10:59:37 UTC$2.9raised +3.6%
| Adjusted EPS\* | ~$2.90 | ~$2.80 |
CARR · EX-99 · Q2 FY2026
2026-07-28 10:58:31 UTCOpen source
2026-05-01 04:02:10 UTC$2.8maintained
We expect adjusted EPS of approximately $2.80, up high single digits versus 2025.
CARR · transcript · Q1 FY2026
2026-05-01 04:00:00 UTCOpen source
2026-04-30 11:00:46 UTC$2.8maintained
| Adjusted EPS\* | ~$2.80 | ~$2.80 |
CARR · EX-99 · Q1 FY2026
2026-04-30 10:59:38 UTCOpen source
2026-02-06 05:01:55 UTC$2.8maintained
We expect adjusted EPS of approximately $2.80, up high single digits versus 2025.
CARR · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-02-05 11:56:59 UTC$2.8new
•Adjusted EPS\* of ~$2.80
CARR · EX-99 · Q4 FY2025
2026-02-05 11:56:04 UTCOpen source
CARRCARRIER GLOBAL CorpFY2027 · ends 2027-12-31
1 metric1 new
earnings call · 1d
2026-10-29 12:52:09 UTCdouble-digit EPS growthnew10% – 19% vs FY2026
Though it is too early to give guidance for 2027, thanks to the great work of our nearly 50,000 team members across the world, we expect to enter next year with record backlogs, accelerating commercial and data center demand, recovering residential markets, growing aftermarket revenue, and differentiated technologies across the portfolio, positioning us for another year of double-digit EPS growth.
CARR · transcript · Q3 FY2026
2026-10-29 12:51:00 UTCOpen source
CARRCARRIER GLOBAL CorpFY2026 · ends 2026-12-31
1 metric1 new
earnings call · 1d
2026-10-29 12:52:09 UTCabout flat versus the prior yearnew
As expected, resi field inventory levels ended Q3 about flat to the prior year, and we continue to expect year-end field inventories to be about flat versus the prior year as well.
CARR · transcript · Q3 FY2026
2026-10-29 12:51:00 UTCOpen source
CARRCARRIER GLOBAL CorpQ4 FY2026 · ends 2026-12-31
1 metric1 new
earnings call · 1d
2026-10-29 12:52:09 UTC20%new20% vs Q4 FY2025
We ended Q3 down 20%. We feel good about this space, and Q4 should be up about 20%.
CARR · transcript · Q3 FY2026
2026-10-29 12:51:00 UTCOpen source
CARRCARRIER GLOBAL CorpFY2026 · ends 2026-12-31
13 metrics1 raised3 new8 maintained
earnings call · 1d
2026-10-29 12:52:09 UTC19%
The most notable change here is in CSA, where we now expect full-year operating margin of about 19%.
CARR · transcript · Q3 FY2026
2026-10-29 12:51:00 UTCOpen source
2026-05-01 04:02:10 UTCNo change in CSA and CSE expected marginsnew
No change in CSA and CSE expected margins, and we now expect CSAME margins to decline approximately 50 basis points, reflecting the impact of the Middle East conflict, offset by margin expansion in CST by approximately 50 basis point.
CARR · transcript · Q1 FY2026
2026-05-01 04:00:00 UTCOpen source
2026-10-29 12:52:09 UTC10%maintained10% vs FY2025
We now expect full-year sales to be nearly $24 billion, with organic growth of about 10%, up from our prior outlook, which was a little over $23 billion in sales.
CARR · transcript · Q3 FY2026
2026-10-29 12:51:00 UTCOpen source
2026-10-29 11:28:06 UTC10%raised +53.8%10% vs FY2025
Supported by a differentiated product portfolio, record backlog, minimum volume commitments under long-term agreements, and continued recovery in RLC end markets, Carrier now expects sales of nearly $24 billion, with organic growth of approximately 10%.
CARR · EX-99 · Q3 FY2026
2026-10-29 11:26:46 UTCOpen source
2026-07-29 04:01:55 UTCup mid to high single-digitsraised +550.0%4% – 9% vs FY2025
We now expect full year sales to be roughly $23 billion, with organic growth up mid to high single-digits and full year data center revenue of approximately $2 billion versus $1.5 billion prior guide.
CARR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-02-06 05:01:55 UTC1%lowered -50.0%1% vs FY2025
Expected continued softness in our higher-margin short-cycle businesses, especially CSA Residential and Light Commercial, is expected to largely offset that growth, taking the total to about 1% organic growth for the company.
CARR · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2025-10-29 04:01:13 UTClow single-digit organic growthnew1% – 3% vs FY2025
For planning purposes, given heightened levels of uncertainty, we are running the business assuming low single-digit organic growth in 2026.
CARR · transcript · Q3 FY2025
2025-10-29 04:00:00 UTCOpen source
2026-10-29 12:52:09 UTC$2Bmaintained
We delivered more than $550 million in data center sales in the third quarter, exceeding our target, and we remain on track to deliver our full year commitment of $2 billion.
CARR · transcript · Q3 FY2026
2026-10-29 12:51:00 UTCOpen source
2026-07-29 04:01:55 UTC$2Braised +33.3%
We now expect full year sales to be roughly $23 billion, with organic growth up mid to high single-digits and full year data center revenue of approximately $2 billion versus $1.5 billion prior guide.
CARR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-05-01 04:02:10 UTC$1.5Bmaintained
Our current data center backlog now fully covers our expected $1.5 billion of data center sales this year.
CARR · transcript · Q1 FY2026
2026-05-01 04:00:00 UTCOpen source
2026-02-06 05:01:55 UTC$1.5Bnew
What we're guiding is to $1.5 billion for this year, so you're in the ballpark.
CARR · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-10-29 12:52:09 UTC$24Braised +0.4%10.4% vs FY2025
We now expect full-year sales to be nearly $24 billion, with organic growth of about 10%, up from our prior outlook, which was a little over $23 billion in sales.
CARR · transcript · Q3 FY2026
2026-10-29 12:51:00 UTCOpen source
2026-10-29 11:28:06 UTC$23.8B – $24Braised +3.9%9.4% – 10.4% vs FY2025
| Sales | $23.8 to $24.0 billion Organic\* up ~10% FX 1% Net, Acquisitions / Divestitures (2%) | ~$23 billion Organic\* up ~M-HSD FX 1% Net, Acquisitions / Divestitures (2%) |
CARR · EX-99 · Q3 FY2026
2026-10-29 11:26:46 UTCOpen source
2026-07-29 04:01:55 UTC$23Bmaintained5.8% vs FY2025
We now expect full year sales to be roughly $23 billion, with organic growth up mid to high single-digits and full year data center revenue of approximately $2 billion versus $1.5 billion prior guide.
CARR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-07-28 10:59:37 UTC$23Braised +4.5%5.8% vs FY2025
| Sales | ~$23 billion Organic\* up ~M-HSD FX 1% Net, Acquisitions / Divestitures (2%) ~$225 million and ~$125 million year-over-year revenue headwind from Riello and NORESCO exits, respectively | ~$22 billion Organic\* flat to up LSD FX 1% Net, Acquisitions / Divestitures (1%) ~$250 million year-over-year revenue headwind from Riello exit |
CARR · EX-99 · Q2 FY2026
2026-07-28 10:58:31 UTCOpen source
2026-04-30 11:00:46 UTC$22Bmaintained1.2% vs FY2025
| Sales | ~$22 billion ~$250 million revenue headwind from Riello exit Organic\* flat to up LSD FX 1% Net, Acquisitions / Divestitures (1%) | ~$22 billion ~$350 million revenue headwind from Riello exit Organic\* flat to up LSD FX 1% Net, Acquisitions / Divestitures (1%) |
CARR · EX-99 · Q1 FY2026
2026-04-30 10:59:38 UTCOpen source
2026-02-06 05:01:55 UTC$22Bmaintained1.2% vs FY2025
We expect flat to low mid-single-digit organic growth and reported sales of approximately $22 billion.
CARR · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-02-05 11:56:59 UTC$22Bnew
| Sales | ~$22 billion ~$350 million revenue headwind from Riello exit Organic\* flat to up LSD FX 1% Net, Acquisitions / Divestitures (1%) |
CARR · EX-99 · Q4 FY2025
2026-02-05 11:56:04 UTCOpen source
2026-10-29 12:52:09 UTC10%new10% vs FY2025
Yeah, we were up a little bit more than we thought and this year is shaping up to be up probably about 10%, and we thought it was going to be down high single digits or so.
CARR · transcript · Q3 FY2026
2026-10-29 12:51:00 UTCOpen source
2026-10-29 11:28:06 UTC-2%maintained-2% vs FY2025
| Sales | $23.8 to $24.0 billion Organic\* up ~10% FX 1% Net, Acquisitions / Divestitures (2%) | ~$23 billion Organic\* up ~M-HSD FX 1% Net, Acquisitions / Divestitures (2%) |
CARR · EX-99 · Q3 FY2026
2026-10-29 11:26:46 UTCOpen source
2026-07-28 10:59:37 UTC-2%lowered -100.0%-2% vs FY2025
| Sales | ~$23 billion Organic\* up ~M-HSD FX 1% Net, Acquisitions / Divestitures (2%) ~$225 million and ~$125 million year-over-year revenue headwind from Riello and NORESCO exits, respectively | ~$22 billion Organic\* flat to up LSD FX 1% Net, Acquisitions / Divestitures (1%) ~$250 million year-over-year revenue headwind from Riello exit |
CARR · EX-99 · Q2 FY2026
2026-07-28 10:58:31 UTCOpen source
2026-04-30 11:00:46 UTC-1%new-1% vs FY2025
| Sales | ~$22 billion ~$250 million revenue headwind from Riello exit Organic\* flat to up LSD FX 1% Net, Acquisitions / Divestitures (1%) | ~$22 billion ~$350 million revenue headwind from Riello exit Organic\* flat to up LSD FX 1% Net, Acquisitions / Divestitures (1%) |
CARR · EX-99 · Q1 FY2026
2026-04-30 10:59:38 UTCOpen source
2026-10-29 11:28:06 UTC1%maintained1% vs FY2025
| Sales | $23.8 to $24.0 billion Organic\* up ~10% FX 1% Net, Acquisitions / Divestitures (2%) | ~$23 billion Organic\* up ~M-HSD FX 1% Net, Acquisitions / Divestitures (2%) |
CARR · EX-99 · Q3 FY2026
2026-10-29 11:26:46 UTCOpen source
2026-07-28 10:59:37 UTC1%maintained1% vs FY2025
| Sales | ~$23 billion Organic\* up ~M-HSD FX 1% Net, Acquisitions / Divestitures (2%) ~$225 million and ~$125 million year-over-year revenue headwind from Riello and NORESCO exits, respectively | ~$22 billion Organic\* flat to up LSD FX 1% Net, Acquisitions / Divestitures (1%) ~$250 million year-over-year revenue headwind from Riello exit |
CARR · EX-99 · Q2 FY2026
2026-07-28 10:58:31 UTCOpen source
2026-04-30 11:00:46 UTC1%new1% vs FY2025
| Sales | ~$22 billion ~$250 million revenue headwind from Riello exit Organic\* flat to up LSD FX 1% Net, Acquisitions / Divestitures (1%) | ~$22 billion ~$350 million revenue headwind from Riello exit Organic\* flat to up LSD FX 1% Net, Acquisitions / Divestitures (1%) |
CARR · EX-99 · Q1 FY2026
2026-04-30 10:59:38 UTCOpen source
2026-10-29 11:28:06 UTC$2Bmaintained
| Free Cash Flow\* | ~$2 billion | ~$2 billion |
CARR · EX-99 · Q3 FY2026
2026-10-29 11:26:46 UTCOpen source
2026-07-28 10:59:37 UTC$2Bmaintained
| Free Cash Flow\* | ~$2 billion | ~$2 billion |
CARR · EX-99 · Q2 FY2026
2026-07-28 10:58:31 UTCOpen source
2026-04-30 11:00:46 UTC$2Bmaintained
| Free Cash Flow\* | ~$2 billion | ~$2 billion |
CARR · EX-99 · Q1 FY2026
2026-04-30 10:59:38 UTCOpen source
2026-02-06 05:01:55 UTC$2Bmaintained
We expect free cash flow to be approximately $2 billion, which will be second half-weighted, reflecting our normal seasonality.
CARR · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-02-05 11:56:59 UTC$2Bnew
•Free cash flow\* of ~$2 billion
CARR · EX-99 · Q4 FY2025
2026-02-05 11:56:04 UTCOpen source
2026-10-29 11:28:06 UTC$3.5Bmaintained
| Adjusted Operating Profit\* | ~$3.5 billion | ~$3.5 billion |
CARR · EX-99 · Q3 FY2026
2026-10-29 11:26:46 UTCOpen source
2026-07-29 04:01:55 UTC$3.5Bmaintained
We now expect adjusted operating profit of about $3.5 billion, and adjusted EPS of about $2.90, up from our prior guide of $3.4 billion and $2.80 of EPS.
CARR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-07-28 10:59:37 UTC$3.5Braised +2.9%
| Adjusted Operating Profit\* | ~$3.5 billion | ~$3.4 billion |
CARR · EX-99 · Q2 FY2026
2026-07-28 10:58:31 UTCOpen source
2026-04-30 11:00:46 UTC$3.4Bmaintained
| Adjusted Operating Profit\* | ~$3.4 billion | ~$3.4 billion |
CARR · EX-99 · Q1 FY2026
2026-04-30 10:59:38 UTCOpen source
2026-02-06 05:01:55 UTC$3.4Bmaintained
Total company adjusted operating profit is expected to be about $3.4 billion.
CARR · transcript · Q4 FY2025
2026-02-06 05:00:00 UTCOpen source
2026-02-05 11:56:59 UTC$3.4Bnew
•Adjusted operating profit\* of ~$3.4 billion
CARR · EX-99 · Q4 FY2025
2026-02-05 11:56:04 UTCOpen source
2026-10-29 11:28:06 UTC$125Mmaintained
~$225 million and ~$125 million year-over-year revenue headwind from Riello and NORESCO exits, respectively.
CARR · EX-99 · Q3 FY2026
2026-10-29 11:26:46 UTCOpen source
2026-07-29 04:01:55 UTC$125Mmaintained
Note that our updated outlook now reflects about $125 million year-over-year revenue headwind due to the upcoming exit of NORESCO.
CARR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-07-28 10:59:37 UTC$125Mnew
| Sales | ~$23 billion Organic\* up ~M-HSD FX 1% Net, Acquisitions / Divestitures (2%) ~$225 million and ~$125 million year-over-year revenue headwind from Riello and NORESCO exits, respectively | ~$22 billion Organic\* flat to up LSD FX 1% Net, Acquisitions / Divestitures (1%) ~$250 million year-over-year revenue headwind from Riello exit |
CARR · EX-99 · Q2 FY2026
2026-07-28 10:58:31 UTCOpen source
2026-10-29 11:28:06 UTC$225Mmaintained
~$225 million and ~$125 million year-over-year revenue headwind from Riello and NORESCO exits, respectively.
CARR · EX-99 · Q3 FY2026
2026-10-29 11:26:46 UTCOpen source
2026-07-28 10:59:37 UTC$225Mnew
| Sales | ~$23 billion Organic\* up ~M-HSD FX 1% Net, Acquisitions / Divestitures (2%) ~$225 million and ~$125 million year-over-year revenue headwind from Riello and NORESCO exits, respectively | ~$22 billion Organic\* flat to up LSD FX 1% Net, Acquisitions / Divestitures (1%) ~$250 million year-over-year revenue headwind from Riello exit |
CARR · EX-99 · Q2 FY2026
2026-07-28 10:58:31 UTCOpen source
2026-10-29 11:28:06 UTC$2.3Bnew
The company remains vigilant in navigating industry-wide macro pressures, including tariffs and increasing input costs, and expects to return to shareowners approximately $2.3 billion through dividends and share repurchases.
CARR · EX-99 · Q3 FY2026
2026-10-29 11:26:46 UTCOpen source
2026-07-29 04:01:55 UTC$600Mnew53.1% vs FY2025
No change in outlook with respect to free cash flow, as the impact of higher earnings is expected to be offset by about $100 million increase in CapEx related to the new U.S. site. We now expect full year CapEx to be about $600 million.
CARR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
CARRCARRIER GLOBAL CorpQ3 FY2026 · ends 2026-09-30
2 metrics2 new
earnings call · 2026-07-29 04:01:55 UTC
2026-07-29 04:01:55 UTC24%new2423 bps vs Q3 FY2025
Organic growth is expected to be about 10%, operating margin of about 16.5%, a 24% tax rate leading to about $0.75 of adjusted EPS.
CARR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-07-29 04:01:55 UTC$0.75new
Organic growth is expected to be about 10%, operating margin of about 16.5%, a 24% tax rate leading to about $0.75 of adjusted EPS.
CARR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source