Carrier Global Corporation (CARR)

Carrier Global beat expectations on both the top and bottom line in the second fiscal quarter of 2026, reported on July 28. Revenue rose about 4% to about $6.4 billion from about $6.1 billion a year ago, topping the about $6.0 billion consensus by about 6%, and adjusted EPS of $0.86 beat the $0.82 estimate by about 5% while coming in down about 7% from $0.92 a year ago. Revenue was concentrated in the United States, the largest region, where sales reached about $3.5 billion and grew about 3% year over year. Net income fell about 15% to about $501 million from $591 million a year ago, with gross margin near 27% and operating margin near 12% as operating income reached about $770 million. The company generated operating cash flow of about $874 million, repurchased about $439 million of stock, and paid about $199 million in dividends. For the next period, consensus calls for EPS of $0.83 on revenue of $5.88 billion.