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Earnings Score 45 Bearish

Carrier Global Reports Q1 Net Income Decline Despite Revenue Growth

Apr 30, 2026 10:19 UTC
CARR
Short term

Carrier Global Corp saw a drop in first-quarter net income to $239 million compared to $412 million a year ago. The company maintained a positive revenue trajectory and issued full-year sales guidance of $22 billion.

  • Net income fell to $239 million from $412 million YoY
  • EPS decreased to $0.28 from $0.47
  • Revenue increased 2.4% to $5.341 billion
  • Adjusted earnings reported at $482 million
  • Full-year revenue target set at $22 billion
  • Full-year EPS guidance projected at $2.80

Carrier Global Corp (CARR) reported a decline in net income for the first quarter of 2026, reflecting a challenging bottom-line performance despite a modest increase in top-line growth. The results highlight a divergence between the company's ability to generate sales and its ability to convert those sales into profit compared to the previous year's performance. According to the GAAP figures, net income fell to $239 million, or $0.28 per share, a significant decrease from the $412 million, or $0.47 per share, reported in the same period last year. On an adjusted basis, excluding specific items, the company reported earnings of $482 million, or $0.57 per share. Despite the profit dip, the company's revenue rose 2.4% to $5.341 billion, up from $5.218 billion in the prior year. This suggests that demand for the company's products remains stable, though operational costs or one-time charges may have weighed on the final profit margins. Looking forward, Carrier has provided guidance for the remainder of the fiscal year. The company is targeting total sales of $22 billion and has set full-year earnings per share (EPS) guidance at $2.80. Investors will likely monitor whether the company can recover its profit margins to align with its revenue growth targets.

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