Strong Financial Performance: Carrier reported a strong second quarter with reported sales of $6.1 billion, achieving 6% organic growth and a 26% year-over-year increase in adjusted EPS to $0.92. Adjusted operating margins expanded by 130 basis points to 19.1%, indicating strong productivity and cost management.

Challenges in Residential Market: The residential and light commercial sectors faced significant headwinds, with U.S. residential sales expected to be down 10% in the second half of the year due to a mid-single-digit volume decline in Q2 and a difficult year-over-year comparison as last year had substantial growth (15% growth in first half and 35% in Q4).

Promising Data Center Growth: Carrier expects to double its data center revenues to $1 billion this year, substantiating its growth strategy in the commercial HVAC segment, particularly favoring data center solutions, which are projected to significantly enhance overall performance amidst weaker non-data center activities.