Carrier Global reports Q3 2026 results.

Item 2.02. Results of Operations and Financial Condition.

On October 29, 2026, Carrier Global Corporation (the " Company ") issued a press release announcing its third quarter 2026 results.¹

The press release issued October 29, 2026, is furnished herewith as Exhibit No. 99 to this Report, and shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934², as amended (the " Exchange Act "), or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by reference into any filing by the Company under the Securities Act of 1933, as amended (the " Securities Act "), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Section 9—Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit

Number

Exhibit Description

99 Press release, dated October 29 , 2026, issued by Carrier Global Corporation (Earnings).³

104³

Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.³

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CARRIER GLOBAL CORPORATION

(Registrant)

Date: October 29, 2026

By:

/ S / PATRICK GORIS⁴

Patrick Goris

Executive Vice President, Chief Financial & Strategy Officer⁴

Carrier Reports Third Quarter 2026 Results

Signed LTAs valued at multiple billions of dollars with minimum volume commitments

• Total company orders 1 up ~35%; Commercial HVAC 1 up ~60%; data centers up ~300%

• Record >$8.5B backlog; LTA minimums additive to backlog¹¹

• Net sales up 12%; organic sales up 15%

• GAAP EPS 2 of ($3.16); adjusted EPS 2 of $0.87

• Net cash flows from operating activities of $813 million and free cash flow of $674 million¹⁰

• Returned ~$600 million to shareowners through dividends and repurchases¹¹

PALM BEACH GARDENS, Fla . , Oct. 29, 2026 – Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today reported financial results for the third quarter of 2026.

"We delivered strong third quarter performance, with orders, sales and adjusted EPS all up between 15% and 35%, with very strong free cash flow," said Chairman & CEO David Gitlin. "Organic orders were up ~35%, with data center orders up ~300%, resulting in over $8.5 billion of backlog, up 60% versus last year, reflecting continued strong demand for our differentiated solutions. W e expect to deliver double-digit organic sales and adjusted EPS growth in 2026, while record backlog levels give us confidence to sustain this momentum into 2027 and beyond."

1 Excludes NORESCO

2 GAAP results include a goodwill impairment charge and IEEPA refunds; Adjusted EPS includes a ~$0.10 benefit from IEEPA refunds net of ~($0.02) NCI impact

1

Third Quarter 2026 Results

Total Company

(Unaudited)

Three Months Ended

September 30

Organic sales 15 %⁵

Operating profit (loss) $ (2,273) $ 539 n.m.

Operating margin (36.3) % 9.7 % n.m.

Diluted earnings (loss) per share:

Continuing operations $ (3.16) $ 0.47 n.m.⁶

Continuing operations - Adjusted $ 0.87 $ 0.67 30 %⁶

n.m. = not meaningful

Carrier's third quarter sales of $6.3 billion increased 12% compared to the prior year. Organic sales increased 15%, and divestitures were a headwind of 3%.

GAAP operating loss of ($2,273) million in the quarter decreased from last year, with growth in all segments offset by a goodwill impairment charge.⁷

Adjusted operating profit of $1,091 million in the quarter increased 33% with growth in all segments.

Adjusted operating margin of 17.4% was up 260 basis points from last year, predominantly due to favorable volume and price partially offset by the impact of increased input costs and tariffs.

The company recorded approximately $130 million of operating profit benefit from IEEPA refunds.⁹

Net loss from continuing operations was ($2,593) million and adjusted net earnings from continuing operations were $713 million. GAAP EPS from continuing operations was ($3.16) and adjusted EPS was $0.87. The increase in adjusted EPS was primarily driven by higher operating profit and the benefits of a lower share count, partially offset by a higher effective tax rate and higher non-controlling interest related to the IEEPA refunds.

2

Climate Solutions Americas (CSA)

(Unaudited)

Three Months Ended

September 30

Organic sales 25 %

CSA segment sales grew 24%. Organic sales were up 25%, driven by strong Residential and Commercial 1 performance, up over 30% and 25%, respectively.

Segment operating margin expanded 250 basis points from the benefit of ~$120 million of IEEPA refunds and organic growth, partially offset by increased input costs and tariffs.

Climate Solutions Europe (CSE)

(Unaudited)

Three Months Ended

September 30

Organic sales 12 %

CSE segment sales increased 3% with strong organic sales growth of 12% offset by a 7% net headwind from divestitures and a 2% headwind from currency. Residential and Light Commercial (RLC) sales increased low-teens and Commercial grew high-single digits. Strong demand in residential heat pumps and air conditioning continued, with sales up ~35% each, more than offsetting high-single digit declines in boilers.

1 Excludes NORESCO

3

Segment operating margin increased 330 basis points with strong organic revenue growth and a ~100 basis point net benefit from the correction of a prior period item offset by increases in inventory-related reserves.

Climate Solutions Asia Pacific, Middle East & Africa (CSAME)

(Unaudited)

Three Months Ended

September 30

Organic sales 3 %

CSAME segment sales increased 2%. Organic sales were up 3% driven by strong growth in Commercial, up 10%, partially offset by a mid-single digit decline in RLC.

Segment operating margin increased 50 basis points.

Climate Solutions Transportation (CST)

(Unaudited)

Three Months Ended

September 30

Organic sales (3) %

CS