CARR
Carrier GlobalPrevious close
53.63
Change
−1.91 / −3.44%
P/E (TTM) ?
37.5
Market Cap
$44.3B
1M
−2.24%
S&P 500 −0.91% over same period
Volume / Avg Volume
9.8M / 6.1M
1.62× average
Latest earnings analysisFY2026 Q2Reported 2026-07-28
Carrier Q2 FY2026: sales up 4%, EPS beat, full-year outlook raised
Carrier beat on adjusted EPS and raised its full-year outlook, but the profit engine is getting less efficient: sales rose 4.0% while adjusted operating margin fell to 17.2% from 19.1%. Orders up about 40% and data-center demand up more than 300% are the reason to keep reading. The quarter is a demand story with a margin problem, and both show up in the numbers below.
Read the full analysis →Revenue$6.35BYoY +3.90%
EPS (non-GAAP)$0.86Beatest. $0.83
Next-quarter revenue guidance$23.00BYoY +262.10%
Next-day move−5.13%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-28 | $6.4B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-30 | $5.3B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-05 | $21.7B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-28 | $5.6B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-29 | $6.1B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-05-01 | $5.2B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 69 of its 5-year rangeMid-range
5-year range 14.3 – 46.5 · Median 23.3
Last 4 quarters: $1.6B in buybacks + $787M in dividends, 5.44% of market cap combined
P/E (TTM)
37.5
P/B
3.5
P/S
2.1
Dividend Yield
1.40%
Earnings Reaction
Over the last 6 reports, the stock moved ±3.0% on average on the first trading day after, rising 4 times
Most recent −5.13%
Volatility & Correlation
1-year beta 1.28 · Correlation with S&P 500 0.47Tracks the market
Annualized volatility 35% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
No open-market buys or sells by officers or directors in the last 90 days.
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 6.26 | +12.3% | — | -2.59 | -3.16 |
| FY2026 Q2 | 6.35 | +3.9% | — | 0.50 | 0.60 |
| FY2026 Q1 | 5.34 | +2.4% | — | 0.24 | 0.28 |
| FY2025 Q4 | 4.84 | −6.0% | — | 0.05 | 0.07 |
| FY2025 Q3 | 5.58 | −6.8% | — | 0.43 | 0.50 |
| FY2025 Q2 | 6.11 | +3.0% | — | 0.59 | 0.68 |
| FY2025 Q1 | 5.22 | −3.7% | — | 0.41 | 0.47 |
| FY2024 Q4 | 5.15 | +19.3% | — | — | — |
| FY2024 Q3 | 5.98 | +21.3% | — | 0.45 | 0.49 |
| FY2024 Q2 | 5.93 | +14.5% | — | 2.34 | 2.55 |
| FY2024 Q1 | 5.42 | +20.0% | — | 0.27 | 0.29 |
| FY2023 Q4 | 4.32 | +118.9% | — | — | — |