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How Carrier Global (CARR) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · quarter ended 06/30/2026 · reported 07/28/2026
Carrier Global Corporation is an American multinational heating, ventilation, and air conditioning (HVAC), refrigeration, and fire and security equipment corporation based in Palm Beach Gardens, Florida. · Text: Wikipedia, CC BY-SA 4.0, abridged
More about the company
Carrier was founded in 1915 as an independent company manufacturing and distributing HVAC systems, and has since expanded to include manufacturing commercial refrigeration and food service equipment, and fire and security technologies.
Key growth driver: Service sales — the fastest-growing revenue line: $717, +13% y/y. · by the Q2 2026 report
How does Carrier Global make money?
Carrier Global brought in $6.35 billion of revenue in Q2 2026, up 3.9% year over year. The largest source was Product sales: $5.63 billion, or 89% of the total, followed by Service sales ($717M, 11%). Net income for the quarter was $501 million, down 15.2% year over year.
Revenue by source, Q2 2026
- Product sales$5.63B · 89% · +2.9%
- Service sales$717M · 11% · +12.7%
Shares of $6.35B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is CARR’s next earnings date?
Tuesday, October 27, 2026estimated
Expected around Oct 27 — based on last year’s report on Oct 28, 2025. We have not yet seen the company's announcement of the date.
How we estimate
The estimate is the date of the same-quarter report a year ago, per the company’s SEC filing, moved forward 52 weeks (same weekday). Companies usually keep the same week; the date will be replaced once CARR announces it.
Same quarter a year ago (ended September 30, 2025): revenue $5.58B, EPS (GAAP) $0.50
How we calculate
Year-ago figures are GAAP, from the company's SEC filings (XBRL); EPS is diluted.
What time does CARR report? Usually before market open: the last 4 results releases reached the SEC at 6:58 am, 6:59 am, 6:56 am, 6:56 am ET.
Last report: Jul 28, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates: company announcements; past dates and times — SEC 8-K filings. Who else reports this week →
All figures in $M.
Revenue
$6,351
+3.9%
Operating income
$825
−8.6%
13.0% margin
Net income
$501
−15.2%
$836.50/sh · 7.9% margin
Verdict: revenue grew 3.9% y/y to $6.35B, operating margin 13.0% vs 14.8%, net income $501M (−15.2% y/y).
Source and notation
Source: Carrier Global press release, 8-K EX-99.1 of 07/28/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against the company's 10-Q.
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
Heads-up
- net income fell 15% y/y in Q2 2026
Most likely because operating income was $825M, a 13.0% margin vs 14.8% a year earlier; the effective tax rate was 25.0% vs 20.0% a year earlier; costs grew faster than revenue (cost of services sold +14% y/y, income tax (expense) benefit +11% y/y, interest (expense) income, net +15% y/y). Based on the Q2 2026 report.
The company's report ↗CARR earnings history: past report dates
| Jul 28, 2026 Tue | 6:58 ambefore market open | Jun 30, 2026 | $6.4B+4% y/y | $0.60−12% y/y |
| Apr 30, 2026 Thu | 6:59 ambefore market open | Mar 31, 2026 | $5.3B+2% y/y | $0.28−40% y/y |
| Feb 5, 2026 Thu | 6:56 ambefore market open | Dec 31, 2025 | ≈$4.8B−6% y/y | ≈$0.07 |
| Oct 28, 2025 Tue | 6:56 ambefore market open | Sep 30, 2025 | $5.6B−7% y/y | $0.50+2% y/y |
| Jul 29, 2025 Tue | 6:55 ambefore market open | Jun 30, 2025 | $6.1B+3% y/y | $0.68−73% y/y |
| May 1, 2025 Thu | 6:52 ambefore market open | Mar 31, 2025 | $5.2B−4% y/y | $0.47+62% y/y |
| Feb 11, 2025 Tue | 6:57 ambefore market open | Dec 31, 2024 | $5.1B+19% y/y | −$0.05 |
| Oct 24, 2024 Thu | 6:58 ambefore market open | Sep 30, 2024 | $6.0B+21% y/y | $0.49+17% y/y |
| Jul 25, 2024 Thu | 6:58 ambefore market open | Jun 30, 2024 | $5.9B+15% y/y | $2.55 |
| Apr 25, 2024 Thu | 7:05 ambefore market open | Mar 31, 2024 | $5.4B+20% y/y | $0.29−34% y/y |
| Feb 6, 2024 Tue | 6:55 ambefore market open | Dec 31, 2023 | $4.3B+119% y/y | $0.49+53% y/y |
| Oct 26, 2023 Thu | 7:03 ambefore market open | Sep 30, 2023 | $4.9B−9% y/y | $0.42−73% y/y |
| Jul 27, 2023 Thu | 7:05 ambefore market open | Jun 30, 2023 | $5.2B−1% y/y | $0.23−66% y/y |
| Apr 25, 2023 Tue | 4:49 pmafter market close | Mar 31, 2023 | $4.5B−3% y/y | $0.44−72% y/y |
| Feb 7, 2023 Tue | 7:15 ambefore market open | Dec 31, 2022 | ≈$2.0B−62% y/y | ≈$0.32−14% y/y |
| Oct 27, 2022 Thu | 7:10 ambefore market open | Sep 30, 2022 | $5.5B+2% y/y | $1.53+189% y/y |
Show all 16 reports since 2022Show fewer
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Companies that file the 8-K late in the evening publish the release the next morning: the date is that morning, before market open, and the evening filing time is not shown. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Carrier Global: 8-year financials
| 2025 | 21,747 | 2,172 | 1,484 | 2,121 | 772 |
| 2024 | 22,486 | 2,646 | 5,604 | 44 | 670 |
| 2023 | 18,951 | 2,160 | 1,349 | 2,168 | 620 |
| 2022 | 17,288 | 3,984 | 3,534 | 1,426 | 509 |
| 2021 | 20,613 | 2,645 | 1,664 | 1,893 | 417 |
| 2020 | 17,456 | 3,083 | 1,982 | 1,380 | 138 |
| 2019 | 18,608 | 2,491 | 2,116 | 1,820 | — |
| 2018 | 18,914 | 3,637 | 2,734 | 1,792 | — |
Show all 8 yearsShow fewer
$ millions, annual 10-K reports on SEC EDGAR (US GAAP)*. History starts in 2018: earlier years aren’t in the company’s SEC filings (it’s younger or was spun off).
How we calculate
Figures are annual report lines; if a year was later restated (discontinued operations, mergers), we use the latest filing that shows it. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Shareholders’ equity at Mar 31, 2026: $13.8B (37% of total assets). Compare with other S&P 500 companies →
Carrier Global (CARR) earnings: FAQ
How does Carrier Global make money?
Carrier Global brought in $6.35 billion of revenue in Q2 2026, up 3.9% year over year. The largest source was Product sales: $5.63 billion, or 89% of the total, followed by Service sales ($717M, 11%). Net income for the quarter was $501 million, down 15.2% year over year.
When is CARR's next earnings date?
We have not yet seen an announcement of the date from Carrier Global (CARR). Based on last year's report on Oct 28, 2025, the next report is expected around Oct 27, 2026.
What time does CARR report earnings?
Carrier Global usually reports before market open: its latest results release was filed with the SEC at 6:58 am ET on Jul 28, 2026.
When did CARR last report earnings?
Carrier Global reported Q2 2026 results on Jul 28, 2026.
Where can I find Carrier Global's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to CARR's filings; this page breaks the latest report down in a Sankey chart.
What was CARR's net income in Q2 2026?
Carrier Global reported net income of $501M for Q2 2026 (−15.2% year over year), under US GAAP.
Does Carrier Global pay dividends?
Yes. In 2025, Carrier Global paid $772M in dividends on its common stock, per its 10-K. Earlier years are in the 8-year table above.
How has Carrier Global's revenue changed since 2018?
Per its 10-K filings, revenue grew 1.1x: $18,914M in 2018 and $21,747M in 2025. The peak was $22,486M in 2024. Year-by-year figures are in the table above.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report — two independent automated readings of the release had to match, and every number in the text was checked against it. Figures checked against the filing on 10/16/2026. How we make the breakdowns · Report an error
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