Filing Flows › Carrier Global (CARR) › Q1 2026
Carrier Global (CARR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Carrier Global (CARR) reported revenue of $5.3B for the first quarter 2026 (Q1 2026), +2% from a year earlier and +10% from the quarter before. Operating margin was 4.8%, net earnings $238M (4.5% of revenue).
Carrier Global, Q1 2026: revenue $5.3B (+2% year over year), operating margin 4.8%, net earnings $238M, operating cash flow $79.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.3B | +10% | +2% |
| Operating profit | $259M | +156% | -59% |
| Net earnings | $238M | +349% | -42% |
| Operating cash flow | $79.0M | -92% | -84% |
What changed
Revenue was $5.3B in Q1 2026, up 2% year over year and up 10% from the previous quarter. Product was the largest line at 87% of revenue. Service added $0.11B year over year (up 19%), 88% of the total change.
Operating profit was $0.26B, a 4.8% margin (down 7.2 points year over year). Operating profit fell $0.37B even though revenue rose $0.12B versus Q1 2025, so costs grew faster than sales. Total costs grew 11% against revenue growth of 2%. The fastest-growing cost line was SG&A (+18%). Net earnings were $0.24B, down 42% year over year. The effective tax rate was -56.8%.
Operating cash flow was $0.08B (down 84% year over year), 30% of net income including minority interests. Non-cash charges added back $0.32B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.52B. Capital expenditures of $0.09B exceeded it, leaving free cash flow of −$0.01B.
Questions
What was Carrier Global's revenue in the first quarter 2026?
Carrier Global (CARR) reported revenue of $5.3B for the first quarter 2026 (Q1 2026), +2% from a year earlier and +10% from the quarter before.
Was Carrier Global profitable in the first quarter 2026?
Operating profit was $259M (4.8% of revenue) and net earnings $238M.
Source: Carrier Global 10-Q on SEC EDGAR.