--- title: "Will Surging Data Center Orders and Growing Services Shift Carrier Global's (CARR) Core Narrative?" type: "News" locale: "en" url: "https://longbridge.com/en/news/285819327.md" description: "Carrier Global Corporation reported Q1 2026 revenue of $5.34 billion, up from $5.22 billion year-over-year, but net income fell to $238 million from $412 million. The company reaffirmed its 2026 sales outlook of $22 billion, driven by a significant increase in global data center orders and double-digit growth in aftermarket services. While the surge in data center demand could reshape Carrier's investment narrative, risks remain from margin pressures in certain markets. Analysts project a fair value of $71.03 for the stock, indicating a potential 6% upside from its current price." datetime: "2026-05-09T18:14:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285819327.md) - [en](https://longbridge.com/en/news/285819327.md) - [zh-HK](https://longbridge.com/zh-HK/news/285819327.md) --- # Will Surging Data Center Orders and Growing Services Shift Carrier Global's (CARR) Core Narrative? - In the past quarter, Carrier Global Corporation reported first quarter 2026 revenue of US$5,341 million versus US$5,218 million a year earlier, while net income fell to US$238 million from US$412 million, and the company reaffirmed its full‑year 2026 sales outlook of about US$22.00 billion. - Management highlighted that global data center orders increased by a very large amount year over year, with backlog already covering the US$1.50 billion data center sales target for 2026 and aftermarket services continuing to grow at double-digit rates. - We’ll now explore how this very large surge in data center orders could reshape Carrier Global’s existing investment narrative and future assumptions. AI is about to change healthcare. These 35 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. ## Carrier Global Investment Narrative Recap To own Carrier Global today, you need to be comfortable with a company that is trading on a relatively high earnings multiple while leaning hard into higher value areas like data center cooling and aftermarket services. The key short term catalyst is execution on this data center backlog and continued double digit aftermarket growth, while the biggest risk remains margin pressure from weaker pockets like light commercial and certain international markets. The latest results modestly support the catalyst but do not remove the margin risk. The reaffirmed full year 2026 sales outlook of about US$22.00 billion is the announcement that ties this all together. It shows management is holding its top line expectations despite lower net income year over year, and links directly to whether strong data center orders and aftermarket services can offset softness in residential and light commercial HVAC, which many investors are watching closely. Yet beneath the surge in data center demand, investors should be aware of how concentrated those cooling projects have become and how quickly timing could shift... Read the full narrative on Carrier Global (it's free!) Carrier Global's narrative projects $24.4 billion revenue and $2.4 billion earnings by 2029. This requires 3.9% yearly revenue growth and about a $0.9 billion earnings increase from $1.5 billion today. Uncover how Carrier Global's forecasts yield a $71.03 fair value, a 6% upside to its current price. ## Exploring Other Perspectives CARR 1-Year Stock Price Chart Before this news, the most pessimistic analysts were only assuming about 3.4 percent annual revenue growth to roughly US$24.4 billion with earnings of about US$3.0 billion, and they worried that concentrated data center cooling demand could quickly reverse. Compared with the consensus catalysts you have just read, that is a far more cautious view, and this new orders surge may eventually push some of those expectations to change in either direction. Explore 4 other fair value estimates on Carrier Global - why the stock might be worth as much as 43% more than the current price! ## Reach Your Own Conclusion Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts. - A great starting point for your Carrier Global research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision. - Our free Carrier Global research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Carrier Global's overall financial health at a glance. ## Interested In Other Possibilities? Every day counts. These free picks are already gaining attention. See them before the crowd does: - Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 33 best rare earth metal stocks of the very few that mine this essential strategic resource. - We've uncovered the 12 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them. - Capitalize on the AI infrastructure supercycle with our selection of the 40 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow. _This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._ ### **New:** AI Stock Screener & Alerts Our new AI Stock Screener scans the market every day to uncover opportunities. • Dividend Powerhouses (3%+ Yield) • Undervalued Small Caps with Insider Buying • High growth Tech and AI Companies Or build your own from over 50 metrics. Explore Now for Free ### Related Stocks - [CARR.US](https://longbridge.com/en/quote/CARR.US.md) ## Related News & Research - [How Investors Are Reacting To Carrier Global (CARR) Surging AI‑Driven Data Center HVAC Demand](https://longbridge.com/en/news/286658171.md) - [Do Wall Street Analysts Like Carrier Global Stock?](https://longbridge.com/en/news/285803969.md) - [3 Infrastructure Stocks Fueling the Data Center Building Boom](https://longbridge.com/en/news/286770083.md) - [Florida Rep. 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