Filing Flows › Carrier Global (CARR) › Q3 2026 › vs Q2 2026
Carrier Global (CARR) Q3 2026 vs Q2 2026 (quarter over quarter)
Carrier Global's revenue fell $88.0M (-1%) from $6.4B in Q2 2026 to $6.3B in Q3 2026. The biggest changes: Product −$49.0M (-0.9%); Service −$39.0M (-5%).
Carrier Global, Q3 2026: revenue $6.3B (+12% year over year), operating margin -36.3%, net loss $2.5B, operating cash flow $813M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 10.8% | 12.8% | -2.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Product | $5.6B | $5.6B | −$49.0M | -0.9% |
| Service | $678M | $717M | −$39.0M | -5% |
| Revenue | $6.3B | $6.4B | −$88.0M | -1% |
| Net loss | $2.5B | −$541M | $3.1B | — |
| Costs & expenses | $8.8B | $6.4B | $2.5B | +39% |
| Operating costs | $8.5B | $5.5B | $3.0B | +54% |
| Interest & other, net | $90.0M | $104M | −$14.0M | -13% |
| Income tax | $177M | $180M | −$3.0M | -2% |
| Research & development | $154M | $148M | $6.0M | +4% |
| SG&A | $758M | $810M | −$52.0M | -6% |
| Other operating costs | $7.6B | $4.6B | $3.1B | +67% |
| Operating cash sources | $3.4B | $386M | $3.0B | +769% |
| Depreciation & amortization | $324M | $314M | $10.0M | +3% |
| Share-based compensation | $7.0M | $12.0M | −$5.0M | -42% |
| Working capital & other | $3.0B | $60.0M | $3.0B | 50× |
| Net loss absorbed | $2.5B | −$541M | $3.1B | — |
| Operating cash flow | $813M | $927M | −$114M | -12% |
| Free cash flow (OCF − capex) | $674M | $810M | −$136M | -17% |
| Capital expenditures | $139M | $117M | $22.0M | +19% |
Questions
How much did Carrier Global's revenue grow quarter over quarter in Q3 2026?
Carrier Global's revenue fell $88.0M (-1%) from $6.4B in Q2 2026 to $6.3B in Q3 2026.
What drove Carrier Global's revenue change in Q3 2026?
Product −$49.0M (-0.9%); Service −$39.0M (-5%).