Carrier Global (NYSE:CARR) Updates FY 2026 Earnings Guidance

Carrier Global (NYSE:CARR) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.800-2.800 for the period, compared to the consensus earnings per share estimate of 2.770. The company issued revenue guidance of $22.0 billion-$22.0 billion, compared to the consensus revenue estimate of $21.9 billion.

Carrier Global Price Performance

CARR stock traded up $5.34 on Thursday, reaching $67.08. 15,772,156 shares of the company’s stock were exchanged, compared to its average volume of 6,274,086. The stock has a fifty day moving average of $59.74 and a 200-day moving average of $57.72. Carrier Global has a twelve month low of $50.24 and a twelve month high of $81.09. The firm has a market cap of $56.04 billion, a PE ratio of 39.23, a P/E/G ratio of 2.52 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. Carrier Global’s quarterly revenue was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts predict that Carrier Global will post 2.74 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, May 4th. Carrier Global’s dividend payout ratio is currently 56.14%.

Analysts Set New Price Targets

CARR has been the topic of a number of recent analyst reports. Morgan Stanley set a $55.00 price objective on Carrier Global in a report on Thursday, January 8th. BNP Paribas Exane initiated coverage on Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective on the stock. Barclays dropped their price objective on Carrier Global from $72.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Wolfe Research upped their price objective on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Finally, Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Thirteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $69.69.

Key Carrier Global News

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Q1 results topped consensus: adjusted EPS $0.57 (beat) on $5.34B revenue (beat), signaling stronger near?term profitability than analysts expected. Carrier Reports First Quarter 2026 Results
• Positive Sentiment: Data?center HVAC demand is a clear driver: management said data?center orders jumped over 500% and backlog fully covers expected 2026 data?center sales — a high?growth end market driving Commercial HVAC momentum. Carrier shares surge after revenue beat driven by data center HVAC demand
• Positive Sentiment: Company reaffirmed FY?2026 targets (roughly $22B revenue, $2.80 adj. EPS) — guidance slightly above Street consensus and management emphasized targeted ~$1.5B in data?center sales for the year. That reduces execution risk for the year. Carrier reaffirms ~$22b 2026 sales outlook and projects ~$2.80 adjusted EPS while targeting $1.5b
• Positive Sentiment: Active capital returns: Carrier repurchased stock and paid dividends totaling roughly $500M in the quarter, supporting EPS per share and shareholder confidence. Carrier (CARR) jumps 9.5% as Q1 results beat expectations and data-center HVAC demand surges
• Positive Sentiment: Strategic tech exposure: Carrier Ventures expanded its investment in ZutaCore to scale liquid?cooling for AI/data centers — a long?term growth/investment angle in high?value end markets. Carrier Ventures Expands Investment in ZutaCore
• Neutral Sentiment: Revenue mix is mixed: total net sales were up ~2% but organic sales declined about 1% year?over?year — underlying end?market variability remains. Carrier 1Q Down, Backs 2026 Adjusted EPS View Amid Strong Data-Center Sales
• Negative Sentiment: GAAP EPS and cash metrics are softer: GAAP EPS fell vs. year?ago ($0.28 vs $0.65) and free cash flow was negative (~$?15M) this quarter, which could concern investors focused on cash conversion. Carrier Reports First Quarter 2026 Results

Institutional Trading of Carrier Global

A number of institutional investors have recently bought and sold shares of the company. Wescott Financial Advisory Group LLC boosted its position in Carrier Global by 4.7% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 4,163 shares of the company’s stock worth $220,000 after purchasing an additional 186 shares in the last quarter. L2 Asset Management LLC boosted its position in Carrier Global by 5.9% during the fourth quarter. L2 Asset Management LLC now owns 3,979 shares of the company’s stock worth $210,000 after purchasing an additional 221 shares in the last quarter. Financial Engines Advisors L.L.C. boosted its position in Carrier Global by 5.7% during the third quarter. Financial Engines Advisors L.L.C. now owns 4,973 shares of the company’s stock worth $297,000 after purchasing an additional 270 shares in the last quarter. Orion Porfolio Solutions LLC lifted its position in shares of Carrier Global by 0.8% in the second quarter. Orion Porfolio Solutions LLC now owns 37,188 shares of the company’s stock valued at $2,722,000 after acquiring an additional 286 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its position in shares of Carrier Global by 3.7% in the fourth quarter. First Citizens Bank & Trust Co. now owns 9,483 shares of the company’s stock valued at $501,000 after acquiring an additional 337 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.