Carrier's second quarter revenue of $6.4 billion beat estimates, prompting a raised outlook on strong data center demand.

Carrier reported second quarter sales of $6.4 billion, a 4% increase year-over-year, with organic sales up 3%. Adjusted EPS was $0.86, beating consensus but declining 7% from the prior year due to lower operating profit and a higher effective tax rate.

Key Highlights

• Total company orders grew approximately 40%, propelled by a more than 300% surge in orders for data center cooling solutions.
• Raised full-year 2026 guidance to approximately $23 billion in sales (from ~$22B) and adjusted EPS of approximately $2.90 (from ~$2.80).
• Organic sales returned to growth earlier than expected, driven by strong performance in the Climate Solutions Americas segment where Residential and Light Commercial sales grew 9% and 10%, respectively.
• The company generated strong free cash flow of $810 million during the quarter.