Carrier Global Corporation (CARR) earnings on July 28, 2026

Before the market opens Q2 2026

More Carrier Global Corporation earnings

Prior outlook: Pessimistic Outcome: Accurate

Carrier Global beat earnings estimates and raised guidance, but the stock dropped over 8%.

CARR price around the earnings

63.16

Change: -8.9%

2026-07-28, 20:00 UTC

Start of the measured window End of the measured window
62.54 66.36 70.17 73.99 69.33
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 28, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Accurate

Thesis published
Results released

Strong past earnings and recent acquisitions, but trend strength is negative into earnings.

Context analyzed before publication

Trend
Setup score declined from positive to slightly negative, indicating a weakening trend into the earnings event.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.96
Analysts covering the stock
21
Average price target
77.28
Lowest price target
60
Highest price target
90
Upside to price target
11.5%
Quarterly earnings growth
-42.2%
Revenue growth
2.4%
Forward EPS
3.21
Trailing EPS
1.51
Analyst moves in the last 60 days
2
  • Strong buy: 1
  • Buy: 12
  • Hold: 11
  • Sell: 0
  • Strong sell: 0
Strong buy
1
Buy
12
Hold
11
Sell
0
Strong sell
0
  • July 13, 2026 · Citigroup: Maintains rating (Buy → Buy)
  • June 10, 2026 · Bernstein: Initiates coverage (Market Perform)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (3)

Technicals

Evidence

Average true range (ATR)
2.7%
Distance to 52-week high
-12.2%
14-day change (14d)
+1.1%
30-day change (31d)
-5.7%
30-day relative strength
-7.0%
SPY change (31d)
+1.3%
Nearest support
69.09
Nearest resistance
69.52
Volume accumulation ratio (14d / 46d)
0.93

Trends

Evidence

Average earnings surprise
+6.8%
  • April 30, 2026: actual EPS 0.57 vs estimate 0.51 (surprise +12.0%)
  • February 5, 2026: actual EPS 0.34 vs estimate 0.36 (surprise -4.5%)
  • October 28, 2025: actual EPS 0.67 vs estimate 0.57 (surprise +17.7%)
  • July 29, 2025: actual EPS 0.92 vs estimate 0.9 (surprise +1.9%)

Expected move

Implied move
+4.2%
Source
Options chain

Reactions over its last 20 earnings

Median move
2.9%
75th percentile move
5.6%
90th percentile move
9.3%
Up / down moves
9 / 11
Average up move
+4.9%
Average down move
-3.5%

Monitoring and close

What Carrier Global Corporation reported

Status
Finished
Actual EPS0.86
EPS estimate0.81
EPS surprise+6.2%
Revenue$6,351 million
Revenue estimate$6,018 million
Revenue surprise+5.5%

Carrier beat Q2 estimates by 3.6% on earnings and 5.5% on revenue, raised 2026 outlook, with data-center orders surging over 300% and total orders up 40%.

Sources (16)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, the figures don't clearly confirm the prior scenario.

How the stock reacted

Outcome
Accurate
Consolidated
-8.9%
Max favorable move (MFE)
10%
Max adverse move (MAE)
3.3%