CARRIER GLOBAL Corp is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: 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.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 2.4% YoY to $5.34B in Q1 FY2026, but operating income fell sharply from $629M to $259M, compressing the operating margin from 12.1% to 4.8%. This suggests that top-line growth was more than offset by rising costs.
SG&A expenses jumped 18.1% YoY to $861M, a significant increase that is the primary driver of the operating income decline. This likely reflects integration costs, restructuring charges, or increased headcount following recent acquisitions.
Operating cash flow dropped 83.6% YoY to just $79M from $483M in the prior-year period, signaling that earnings quality has weakened materially and that working capital or one-time items are consuming cash.
Revenue
$5.34B
++2.36% YoY
EPS (Basic)
$0.29
-38.30% YoY
Operating Income
$259M
-58.82% YoY
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