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CARR · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 3.9% y/y to $6.35B, operating margin 13.0% vs 14.8%, net income $501M (−15.2% y/y).
Net earnings (loss) attributable to common shareowners
$501M
down 15.2% y/y
Total Net sales
$6,351M
up 3.9% y/y
Operating profit
$825M
down 8.6% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Product sales | $5,634 · +2.9% |
| Service sales | $717 · +12.7% |
| Total Net sales | $6,351 · +3.9% |
| Cost of products sold | $4,081 · +5.5% |
| Cost of services sold | $542 · +13.6% |
| Research and development | $148 · −8.1% |
| Selling, general and administrative | $810 · −0.4% |
| Equity method investment net earnings | $58 · −25.6% |
| Other income (expense), net | $3 · vs −$30 |
| Operating profit | $825 · −8.6% · 13.0% margin |
| Non-service pension benefit (expense) | $1 · vs $0 |
| Interest (expense) income, net | $105 · +15.4% |
| Earnings before income taxes | $721 · −11.2% |
| Income tax (expense) benefit | $180 · +11.1% · 25.0% effective rate |
| Less: Non-controlling interest in subsidiaries' | $40 · −4.8% |
| Net earnings (loss) attributable to common shareowners | $501 · −15.2% · $0.60/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 as an image: CARR, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “CARR Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/carr/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/carr/q2-2026"><img src="https://whoreportstoday.com/t/carr/q2-2026/sankey.png" alt="CARR Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/carr/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/carr/q2-2026">CARR Q2 2026 earnings chart (Who Reports Today)</a>
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- 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.
- Diluted EPS was $0.60 vs $0.68 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
CARR — a maker of heating, cooling, ventilation and refrigeration equipment for homes, buildings and the cold chain under brands such as Carrier, Viessmann, Toshiba, Automated Logic and Carrier Transicold, plus installation, repair and maintenance services.
It reports four segments: Climate Solutions Americas, Climate Solutions Europe, Climate Solutions Asia Pacific, Middle East & Africa, and Climate Solutions Transportation. · Source: annual report (Form 10-K, SEC)
Heads-up
- net income fell 15% y/y in Q2 2026
Net income for Q2 2026: $501M, −15% y/y. In the report's figures: 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.
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