Carrier Global's data center orders surge by more than 300% and raises full-year performance guidance
Carrier Global (Carrier, CARR), a provider of smart climate and energy solutions, announced its second-quarter financial report on Tuesday. Benefiting from a significant increase in orders brought by data center demand, the company's revenue and profits exceeded market expectations, and management therefore raised its full-year performance guidance. The financial report shows that Carrier’s net sales in the second quarter reached US$6.35 billion, a year-on-year increase of 4%. Adjusted earnings per share were $0.86, above market expectations of $0.83. Order performance has become the biggest highlight of this season. Driven by data center demand, total orders in the quarter increased by approximately 40% year-on-year, of which commercial HVAC orders increased by approximately 65%, and data center orders increased by more than 300%. The backlog of orders exceeded US$8 billion, a year-on-year increase of approximately 40%. "We ended the first half of the year with stronger than expected second quarter performance," said Carrier Chairman and CEO. "Given a record backlog and better-than-expected first-half results, we have decided to raise our full-year outlook." The company has raised its full-year performance guidance for 2026, predicting full-year sales of approximately US$23 billion, adjusted operating profit of approximately US$3.5 billion, and adjusted earnings per share of approximately US$2.90. Among them, the data center's full-year revenue forecast was raised from US$1.5 billion to approximately US$2 billion. However, adjusted operating margins narrowed year-on-year in the quarter, mainly affected by tariffs, product mix changes and input cost pressures.