Carrier Global Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 29, 2026, reporting a $3.1 billion goodwill impairment charge that drove a net loss of $2.540 billion for the third quarter.

Key Highlights

  • Goodwill impairment of $3.100 billion was recorded in the three months ended September 30, 2026, with no comparable charge in the prior-year period, according to the filing.
  • Total net sales of $6.263 billion for the third quarter of 2026, compared with $5.579 billion in the same quarter of 2025, the filing disclosed.
  • Net loss of $2.540 billion for Q3 2026, versus net earnings of $455 million in Q3 2025, as reported in the condensed consolidated statement of operations.
  • Basic and diluted loss per share of $(3.16) for the three months ended September 30, 2026, from continuing operations, per the filing.
  • Goodwill on the balance sheet fell to $12.209 billion as of September 30, 2026, from $15.501 billion as of December 31, 2025, the company reported.
  • 818,160,206 shares of common stock outstanding as of October 15, 2026, according to the cover page of the filing.
  • Nine-month net loss of $1.734 billion for the period ended September 30, 2026, compared with net earnings of $1.525 billion for the same period in 2025, the filing stated.

Goodwill Impairment Drives Q3 2026 Operating Loss at Carrier Global

Carrier Global Corporation (NYSE:CARR) reported a substantial shift in its financial results for the third quarter of 2026, driven primarily by a $3.100 billion goodwill impairment charge with no corresponding charge in the prior-year period. According to the filing, total net sales for the three months ended September 30, 2026 reached $6.263 billion, up from $5.579 billion in Q3 2025, with product sales of $5.585 billion and service sales of $678 million. Despite the revenue increase, the goodwill impairment pushed operating results from a profit of $539 million in Q3 2025 to an operating loss of $2.273 billion in Q3 2026.

The condensed consolidated statement of operations showed earnings (loss) before income taxes of $(2.363) billion for the quarter, compared with $433 million a year earlier. Income tax expense was $177 million for Q3 2026, resulting in a loss from continuing operations of $2.540 billion. Net loss attributable to common shareowners was $(2.593) billion, or $(3.16) per basic and diluted share, versus earnings attributable to common shareowners of $428 million, or $0.50 per diluted share, in Q3 2025, the filing disclosed.

On the balance sheet as of September 30, 2026, total assets stood at $33.594 billion, down from $37.190 billion at December 31, 2025, with goodwill declining by approximately $3.292 billion over that period. Total equity decreased to $10.421 billion from $14.128 billion at year-end 2025, the filing reported. Treasury stock increased to $(7.953) billion from $(6.795) billion, and retained earnings fell to $9.942 billion from $12.193 billion. For the nine months ended September 30, 2026, total net sales were $17.955 billion compared with $16.910 billion in the prior-year period, while the nine-month net loss was $1.734 billion versus net earnings of $1.525 billion a year prior.

What Was Disclosed

Carrier Global filed a 10-Q for the quarter ended September 30, 2026, reporting a $3.100 billion goodwill impairment, a Q3 net loss of $2.540 billion, total quarterly net sales of $6.263 billion, and a loss per share of $(3.16) from continuing operations.