Description

Carrier Global’s Data-Center Orders Quadruple — Can Capacity Keep Up?

The latest quarterly results from Carrier Global Corporation depict a mixed yet cautiously optimistic operating environment with strong order growth, raised full-year guidance, and ongoing investments balanced against margin pressures and some segment-specific challenges. Carrier reported second-quarter sales of $6.4 billion, with a 3% organic sales growth driven primarily by improving residential and light commercial end markets in the Americas and Europe. Adjusted operating profit stood at $1.1 billion, and adjusted earnings per share came in at $0.86, which represented a 7% decline year-over-year largely due to unfavorable mix, higher input costs, timing of tariff mitigation, and a higher effective tax rate. Notably, free cash flow was strong at $810 million. Carrier’s orders increased sharply, up about 40% overall, with commercial HVAC orders rising approximately 65%, fueled by a robust data center market where orders expanded fourfold from the prior year.