Stock Track | Carrier Global Soars 5.29% Intraday on Strong Q1 Results and Data-Center Sales Growth

Stock Track
Apr 30

Carrier Global Corporation's stock soared 5.29% during intraday trading on Thursday, following the release of its first-quarter 2026 financial results.

The company reported quarterly adjusted earnings of $0.57 per share, beating analyst estimates of $0.51, and sales of $5.341 billion, surpassing expectations of $5.008 billion. Carrier Global also reaffirmed its full-year 2026 outlook for both adjusted earnings and sales, providing confidence to investors about its growth trajectory.

A key driver of the better-than-expected performance was a more than six-fold increase in revenue from data-center cooling systems, which generated 35% growth in quarterly commercial HVAC revenue. This strong demand from data centers, which require extensive cooling for high-performance AI chips, helped offset softer demand in residential air-conditioning markets.

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