A fixed rule set over this filing's XBRL figures and the number of high-severity risks found in it — no model judgement.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
CARR reported 2026-Q2 net sales of $6.4B, up 4% year over year, but gross margin fell 170 basis points and net earnings attributable to common shareowners declined 15% to $501M as higher input costs, tariffs, unfavorable mix, higher interest expense and a $46M Riello impairment outweighed volume growth. Source: 10-Q Item 2 MD&A, pp.28-30
CARR’s 2026-Q2 sales grew 4% to $6.4B, but cost inflation, tariff effects, unfavorable mix and the Riello impairment reduced operating profit by 9% and common-shareowner earnings by 15%. Source: 10-Q Item 2 MD&A, pp.28-30
Last 4 quarters: 3 beats, 1 miss
Reported EPS of $0.86 versus the $0.83 analyst consensus — a +3.6% beat for Jun 2026.
2026-Q2 net sales increased 4% year over year to $6.351B, including 3% organic growth and a 1% favorable foreign-currency effect. Management attributed the organic increase primarily to improved end-market demand and higher volumes in Climate Solutions Americas, with additional demand improvement in Europe and Asia Pacific, Middle East & Africa.
Source: 10-Q Item 2 MD&A, p.28
Gross margin declined $41M to $1.728B and fell to 27.2% of sales from 28.9%, a 170-basis-point decline. Management cited higher input costs, including tariff impacts, and unfavorable business mix; higher volumes and productivity initiatives only partly offset those pressures.
Source: 10-Q Item 2 MD&A, p.28
Carrier recorded a $46M impairment charge on the Riello business during 2026-Q2, reflected in Other income (expense), net. The company had agreed in December 2025 to sell Riello to Ariston Group for expected gross proceeds of approximately $430M, and the sale was completed on July 1, 2026.
Source: 10-Q Item 2 MD&A, pp.27, 29
Climate Solutions Americas generated $3.372B of sales, up 4%, but segment operating profit fell 6% to $823M. Climate Solutions Europe sales increased 6% to $1.324B while profit fell 4%; Asia Pacific, Middle East & Africa sales rose 4% to $917M while profit fell 20%; and Transportation sales rose 2% to $738M while profit fell 8%.
Source: 10-Q Item 2 MD&A, pp.35-39
The 2026-Q2 effective tax rate increased to 25.0% from 20.0%, primarily because the $46M Riello impairment was non-deductible and because of a $10M increase in tax expense associated with a higher German effective tax rate. Interest expense increased 10% to $126M, which management attributed to commercial-paper borrowings outstanding during the quarter.
Source: 10-Q Item 2 MD&A, pp.29-30
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
Carrier Global (CARR) is next expected to report on , when the following quarter's results and any updated outlook will be available.
See the CARR earnings preview — expected date, analyst estimates and what to watch →
Carrier Global reported 2026-Q2 net sales of $6.351B, up 4% from $6.113B in the prior-year period. The increase consisted of 3% organic growth and a 1% favorable foreign-currency translation effect, with management citing improved demand and volume growth, particularly in Climate Solutions Americas. Source: 10-Q Item 2 MD&A, p.28
Operating profit fell 9% to $825M and net earnings attributable to common shareowners fell 15% to $501M, despite a 4% sales increase. Management cited higher input costs including tariff effects, unfavorable business mix, higher interest expense, lower equity-method earnings, and a $46M impairment of the Riello business. Source: 10-Q Item 2 MD&A, pp.28-30
Gross margin fell to 27.2% from 28.9%, a 170-basis-point year-over-year decline, while gross profit decreased $41M to $1.728B. Carrier attributed the decline mainly to higher input costs, including tariff impacts, and unfavorable business mix; productivity measures and greater volume partly offset the pressure. Source: 10-Q Item 2 MD&A, p.28
Climate Solutions Americas remained Carrier’s largest segment, with sales of $3.372B, up 4%, supported by 9% residential and 10% light-commercial growth. However, all four reported segments experienced year-over-year declines in segment operating profit, with Asia Pacific, Middle East & Africa declining the most at 20% to $108M. Source: 10-Q Item 2 MD&A, pp.35-39
No. Although U.S. courts addressed refunds of certain tariffs imposed under the International Emergency Economic Powers Act, Carrier had not recorded any benefit for potential refunds as of June 30, 2026 because the amounts were not considered probable and reasonably estimable. Source: 10-Q Item 2 MD&A, p.27
Carrier Global (CARR) is next expected to report earnings on Oct 26, 2026. The date comes from the analyst earnings calendar and can shift until the company confirms it.
Expected release date, analyst estimates & what to watch
CARR reported Q1 FY2026 revenue of $5.34B (+2.4% YoY), but operating income collapsed 58.8% to $259M and operating cash flow plunged 83.6% to $79M, reflecting a sharp margin compression driven by an 18.1% surge in SG&A expenses.
Carrier Global (CARR) reported FY2025 revenue of $21.7B (down 3.3% YoY) and net income of $1.5B (down 73.5% YoY), with the sharp earnings decline largely reflecting prior-year gains from divestitures, while operating cash flow surged 346% to $2.5B signaling strong underlying cash generation.
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