Carrier Global Q3 2026: Data Center Orders Up 300%, Backlog Hits $8.5B
As seen on the 24/7 Wall St. homepage on October 29, 2026.
Data center orders jumped roughly 300%, pushing backlog above $8.5 billion. A $3.1 billion non-cash goodwill impairment on the European climate business swung GAAP results to a loss, while the adjusted beat and the order book carry into 2027.
Continue ReadingShow less
Carrier Global posted adjusted EPS of $0.87 in Q3 2026, beating expectations, with revenue of $6.26 billion also above expectations.
Data center orders jumped roughly 300%, pushing backlog above $8.5 billion. CEO David Gitlin said record backlog gives the company confidence to sustain momentum into 2027 and beyond.
Sponsored
A $3.1 billion non-cash goodwill impairment tied to the Climate Solutions Europe reporting unit drove GAAP diluted EPS to a loss of $3.16, without touching cash or the adjusted profit trajectory. Free cash flow reached $674 million in the quarter.
Carrier raised its full-year 2026 sales outlook to $23.8 to $24.0 billion and set adjusted EPS guidance at $2.85 to $2.90. Record backlog and expanding data center demand support that trajectory into next year.
Mentioned: CARR