Filing Flows › Carrier Global (CARR) › Q2 2026 › vs Q1 2026
Carrier Global (CARR) Q2 2026 vs Q1 2026 (quarter over quarter)
Carrier Global's revenue rose $1.0B (+19%) from $5.3B in Q1 2026 to $6.4B in Q2 2026. The biggest changes: Product +$967M (+21%); Service +$43.0M (+6%). Operating margin 13.0% against 4.8% (+8.1 pts).
Carrier Global, Q2 2026: revenue $6.4B (+4% year over year), operating margin 13.0%, net earnings $501M, operating cash flow $927M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.0% | 4.8% | +8.1 pts |
| Net margin | 7.9% | 4.5% | +3.4 pts |
| Free cash flow margin | 12.8% | -0.3% | +13.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Product | $5.6B | $4.7B | $967M | +21% |
| Service | $717M | $674M | $43.0M | +6% |
| Revenue | $6.4B | $5.3B | $1.0B | +19% |
| Operating profit | $825M | $259M | $566M | +219% |
| Costs & expenses | $5.5B | $5.1B | $444M | +9% |
| Pre-tax earnings | $721M | $169M | $552M | +327% |
| Other expense, net | $104M | $90.0M | $14.0M | +16% |
| Research & development | $148M | $143M | $5.0M | +3% |
| SG&A | $810M | $861M | −$51.0M | -6% |
| Other operating costs | $4.6B | $4.1B | $490M | +12% |
| Net earnings | $501M | $238M | $263M | +111% |
| Minority interests | $40.0M | $27.0M | $13.0M | +48% |
| Income tax | $180M | −$96.0M | $276M | — |
| Depreciation & amortization | $314M | $315M | −$1.0M | -0.3% |
| Share-based compensation | $12.0M | $21.0M | −$9.0M | -43% |
| Working capital & other | $100M | −$495M | $595M | — |
| Operating cash flow | $927M | $79.0M | $848M | 12× |
| Free cash flow (OCF − capex) | $810M | −$15.0M | $825M | — |
| Capital expenditures | $117M | $94.0M | $23.0M | +24% |
Questions
How much did Carrier Global's revenue grow quarter over quarter in Q2 2026?
Carrier Global's revenue rose $1.0B (+19%) from $5.3B in Q1 2026 to $6.4B in Q2 2026.
What drove Carrier Global's revenue change in Q2 2026?
Product +$967M (+21%); Service +$43.0M (+6%).