PALM BEACH GARDENS, Florida — Carrier Global Corporation reported strong commercial HVAC and data center demand in the third quarter of 2026. Commercial HVAC orders increased approximately 60%, while data center orders rose approximately 300%.

The company reported total orders up approximately 35% and a record backlog exceeding $8.5 billion. The backlog increased 60% compared with the third quarter of 2025. Carrier also signed long-term agreements valued at multiple billions of dollars, with minimum volume commitments. Those commitments are additive to the reported backlog.

Carrier's net sales reached $6.3 billion for the quarter ended Sept. 30, up 12% from $5.6 billion a year earlier. Organic sales increased 15%. Adjusted operating profit rose 33% to $1.09 billion, while adjusted earnings per share increased 30% to $0.87.

The Climate Solutions Americas segment reported a 24% increase in sales. Organic sales grew 25%, driven by residential sales growth of more than 30% and commercial sales growth exceeding 25%.

In Europe, organic sales increased 12%. Residential and light commercial sales rose at a low-teens rate, while commercial sales grew at a high-single-digit rate. Residential heat pump and air conditioning sales each increased approximately 35%, offsetting declines in boiler sales.

Carrier reported a third-quarter operating loss of $2.27 billion, compared with operating profit of $539 million in the prior-year quarter. The company attributed the loss primarily to a $3.1 billion non-cash goodwill impairment charge related to its Climate Solutions Europe reporting unit.

The company also reported $813 million in cash flow from operating activities and $674 million in free cash flow for the quarter.

Carrier raised its full-year 2026 sales outlook to $23.8 billion to $24 billion, with expected organic growth of approximately 10%. The company maintained its adjusted operating profit outlook at approximately $3.5 billion. It now expects adjusted earnings per share of $2.85 to $2.90 and free cash flow of approximately $2 billion.

Carrier cited its record backlog, minimum volume commitments under long-term agreements and continued recovery in residential and light commercial markets as factors supporting its outlook. The company also said it continues to monitor industry-wide pressures, including tariffs and rising input costs.