Carrier reports Q3 sales up 12%, adjusted EPS rises 30%, backlog hits record $8.5B despite $3.1B goodwill charge

Carrier Global Corporation reported a 12% increase in Q3 2026 sales to $6.3 billion, with organic sales up 15% driven by strong demand in data centers and commercial HVAC. Adjusted earnings per share rose 30% to $0.87, supported by a record backlog exceeding $8.5 billion, up 60% year-over-year, signaling robust future demand. The GAAP results included a $3.1 billion goodwill impairment charge, leading to a net loss of $3.16 per share. Carrier expects continued double-digit organic sales and adjusted EPS growth in 2026, backed by strong backlog and long-term agreements.

Carrier Global Corporation's stock is trading at USD 57.70 on Pluang as of Oct 29, 2026 17:11 WIB, showing a 2.98% gain for the day. This price is closer to its 52-week low of USD 50.36 than its 52-week high of USD 76.00, indicating room for growth relative to its recent peak. The stock's market cap stands at $46.38 billion, with all current Pluang orders being buys, reflecting investor interest in the industrial sector amid Carrier's strong backlog and sales growth.