Carrier Reports Q3 2026 Results with 12% Net Sales Growth and $3.1 Billion Goodwill Impairment
Carrier Global Corporation reported third quarter 2026 net sales of $6.3 billion, a 12% increase year-over-year, alongside an organic sales increase of 15%. However, the company recorded a GAAP net loss of $2.54 billion and a diluted EPS of ($3.16), driven primarily by a $3.1 billion non-cash goodwill impairment charge in its Climate Solutions Europe segment, while adjusted EPS rose to $0.87. Shareholders also benefited from record backlog exceeding $8.5 billion and raised full-year 2026 sales guidance to nearly $24 billion.
Key points
- Net sales reached $6.3 billion for the third quarter of 2026, up 12% from $5.579 billion in the prior-year period.
- GAAP diluted EPS was ($3.16), impacted by a $3.1 billion non-cash goodwill impairment charge in Climate Solutions Europe, while adjusted EPS was $0.87.
- Free cash flow for the quarter was $674 million, compared to $224 million in the third quarter of 2025.
- Full-year 2026 sales guidance was raised to nearly $24 billion, with expected organic growth of approximately 10%.
The filing
Written by AI on Oct 29, 2026, 9:17 AM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.