Carrier Global Corporation (CARR) Posts Q1 2026 Earnings, Driven by Global Data Center Orders

​Carrier Global Corporation (NYSE:CARR) is one of the Best Liquid Cooling Stocks to Buy for AI Data Centers. The company is recognized as a global provider of intelligent climate and energy‑management solutions, including heating, ventilation, air‑conditioning (HVAC), refrigeration, building controls, and digital services for homes. Carrier’s data‑center liquid‑cooling offerings are centered on its QuantumLeap portfolio, which provides chip‑to‑chiller integrated thermal management for modern, high‑density facilities.

​Recently, on April 30, Carrier Global Corporation (NYSE:CARR) released its fiscal Q1 2026 earnings. The company posted $5.34 billion in revenue, reflecting 2.36% year-over-year growth and ahead of expectations by $326.42 million. However, the GAAP EPS of $0.28 missed expectations by $0.09.

​Notably, the company’s commercial HVAC global orders increased 35% during the quarter, driven by global data center orders, which were up 500%. Management noted that the data center order backlog fully covers the targeted $1.5 billion data center sales goal for the year.

​Following the release on May 1, Baird raised the firm’s price target on Carrier Global Corporation (NYSE:CARR) from $70 to $75, while keeping an Outperform rating. The firm highlighted that they updated the valuation model due to a good start to the year.

While we acknowledge the risk and potential of CARR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CARR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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