Description

Carrier Global Corporation: The NVIDIA Cooling Partnership — A Transformational Opportunity?

Carrier Global Corporation’s fourth quarter 2025 earnings results reflect a mixed performance against a backdrop of macroeconomic challenges and strategic advancements. On the positive side, the company has demonstrated substantial growth in its commercial HVAC and aftermarket segments, achieving double-digit growth for the fifth consecutive year. This strength is principally driven by Carrier’s investments in technology and its increasing presence in the data center market, which saw a significant increase in orders, anticipating strong future revenue growth in 2026. The expansion in product offerings, specifically in the emerging data center cooling market, positions Carrier favorably against competitors. Moreover, Carrier’s strategic focus on aftermarket services continues to drive revenue, as evidenced by a substantial increase in units connected to service agreements and an impressive attachment rate growth. Aftermarket sales have been buoyant, with modification and upgrade sales climbing by 20%.