Carrier beats quarterly profit estimates on strong data center demand

Published: 2026-04-30 15:20:23 ET CARR

Published on 04/30/2026 at 03:20 pm EDT

April 30 (Reuters) - Carrier Global, a provider of heating, ventilation and cooling solutions, posted first-quarter profit above Wall Street estimates on Thursday, driven by strong demand from data center clients, sending its shares up nearly 10% in afternoon trading.

Rising use of artificial intelligence applications has spurred technology companies to rapidly expand their data center buildouts, benefiting HVAC firms like Carrier, which provides liquid cooling for IT equipment.

o "Orders in our global commercial HVAC business increased 35%, helped by data centers which were up over 500% in the quarter," CEO David Gitlin said.

o Carrier posted a quarterly adjusted profit of 57 cents per share compared with analysts' average expectations of 51 cents per share, according to data compiled by LSEG.

o Total quarterly revenue came in at $5.34 billion, up 2% from last year, and above Wall Street estimates of $5.01 billion.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Diti Pujara)