Carrier signs long-term supply deals as commercial and data-center cooling orders surge

Carrier reported its third-quarter 2026 results on October 29, with total orders up about 35%, commercial HVAC orders up about 60% and data-center orders up about 300%. HVAC equipment heats, cools and ventilates buildings, while data centers need cooling to remove heat from servers; Carrier's quarterly sales rose 12%.^[1]

The company also signed long-term supply agreements with minimum purchase commitments, meaning customers commit to buying at least an agreed volume over the contracts' terms. Those minimums are additional to its record backlog—orders awaiting fulfillment—of more than $8.5 billion.^[1]

Minimum purchase commitments give Carrier a firmer basis for scheduling factory output and buying components. As customers place purchases and Carrier delivers equipment, those commitments can become sales and generate orders for suppliers; the backlog and additional commitments still need to turn into deliveries before becoming revenue.^[1]

Profit also depends on the cost of fulfilling those orders. Coverage cites tariff refunds as support for the quarter's results alongside continuing cost pressures, so order growth alone does not establish how much future profit will increase.^[2]

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