Carrier Global Posts Q3 Loss on $3.1 Billion Impairment, Raises 2026 Sales Outlook as Adjusted EPS Jumps

Carrier Global Corp. (CARR) reported a third-quarter net loss of $2.593 billion, or $3.16 per share, reversing year-earlier income of $407 million, or $0.47 per share, after booking $3.1 billion in non-cash goodwill impairment charges tied to its Climate Solutions Europe unit. Adjusted earnings rose to $0.87 per share from $0.67, while net sales climbed to $6.263 billion from $5.579 billion. The operating result swung to a $2.273 billion loss from a $539 million profit. The company raised its full-year 2026 sales guidance to $23.8 billion to $24.0 billion from about $23 billion, and now expects adjusted EPS of $2.85 to $2.90 versus prior guidance of about $2.90. CEO David Gitlin said organic orders rose roughly 35%, with data center orders up about 300%, lifting backlog past $8.5 billion, up 60% year over year. Carrier shares closed down 2.70% at $56.27 on Wednesday on the NYSE.