Carrier Global beats profit estimates on data center demand
Carrier Global posted a quarterly profit of 57 cents per share, beating estimates. High data center demand drove revenue to $5.34 billion as orders surged.
CARRIER GLOBAL CORP reported first-quarter adjusted profit of $0.57 per share, beating LSEG estimates of $0.51 per share on April 30. Revenue rose 2% to $5.34 billion, exceeding the $5.01 billion expected by Wall Street. Rapid AI infrastructure expansion drove data center orders up 500%, sending shares up nearly 10% in afternoon trading.
### AI Infrastructure Fuels HVAC Growth Data center cooling demand is accelerating as technology firms scale artificial intelligence hardware. Carrier provides liquid cooling solutions for IT equipment, a segment that outperformed broader market expectations.
