CARRIER GLOBAL Corp — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 52/100
What the filing says
Carrier reported Q3 2026 net sales of $6.3B (+12% reported, +15% organic) with organic orders up ~35% (data centers +300%), generating a record $8.5B backlog. The company signed long-term agreements (LTAs) valued at multiple billions with minimum volume commitments. However, GAAP operating loss of ($2.3)B reflects a non-cash $3.1B goodwill impairment charge on Climate Solutions Europe; adjusted operating profit was $1.1B (+33%), adjusted EPS $0.87 (+30%). Free cash flow was strong at $674M in Q3 and $1.47B year-to-date. Full-year 2026 guidance remains ~$24B sales (+10% organic) with $2.85–$2.90 adjusted EPS and ~$2B free cash flow.
Why this rating
Strong operational momentum (orders, backlog, organic growth) offsets major non-cash charge. Relative to $58.5B market cap, $3.1B impairment is ~5.3%, material but non-recurring. LTA deals are positive for visibility but lack quantified details. Goodwill charge suggests prior acquisition valuation issues; operational performance and cash flow remain solid, limiting near-term damage.
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