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Carrier Global (CARR) Q3 2026 earnings results (third quarter 2026)

10-Q filed Oct 29, 2026

Carrier Global (CARR) reported revenue of $6.3B for the third quarter 2026 (Q3 2026), +12% from a year earlier and -1% from the quarter before. Operating margin was -36.3%, net loss $2.5B (40.6% of revenue).

Revenue$6.3B
Year over year+12%
Quarter over quarter-1%
Operating margin-36.3%
Net earnings−$2.5B

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 follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$6.3B-1%+12%
Operating profit−$2.3B-376%-522%
Net earnings−$2.5B-607%-693%
Operating cash flow$813M-12%+138%
Free cash flow$674M-17%+201%

What changed

Revenue was $6.3B in Q3 2026, up 12% year over year and down 1% from the previous quarter. Product was the largest line at 89% of revenue. Product added $0.68B year over year (up 14%), 99% of the total change.

Operating costs exceeded revenue by $2.3B, an operating margin of -36.3%. Total costs grew 69% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+87%). The quarter ended with a net loss of $2.5B, after a profit of $0.54B the previous quarter.

Operating cash flow was $0.81B (up 138% year over year). Non-cash charges added back $0.32B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $3.0B. Capital expenditures of $0.14B left free cash flow of $0.67B.

Questions

What was Carrier Global's revenue in the third quarter 2026?

Carrier Global (CARR) reported revenue of $6.3B for the third quarter 2026 (Q3 2026), +12% from a year earlier and -1% from the quarter before.

Was Carrier Global profitable in the third quarter 2026?

Operating loss was $2.3B (-36.3% of revenue) and net loss $2.5B.

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Source: Carrier Global 10-Q on SEC EDGAR.