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David Gitlin

Chairman & Chief Executive Officer, Carrier Global

Search every verified David Gitlin interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. David Gitlin, chairman and chief executive officer of Carrier Global, discussed the company's second-quarter 2026 results during an earnings call on July 31, 2026. He reported that strong orders and record backlog levels led the company to raise its full-year guidance for sales, operating profit, and EPS. Gitlin noted that second-quarter orders rose about 40%, with commercial HVAC orders up approximately 65%, driven by data center demand where orders increased fourfold year-over-year. He stated that the company's total backlog, excluding long-term agreements with hyperscalers and colocation providers, exceeded $8 billion, and he raised the full-year data center sales outlook to about $2 billion, which he said would mark a second consecutive year of doubling sales in that vertical. Gitlin also highlighted regional performance, citing growth in India, Southeast Asia, and the Middle East, while acknowledging ongoing softness in the residential business in China due to difficult housing market conditions. In earlier remarks from a February 2025 earnings call, Gitlin reflected on Carrier's portfolio transformation and expressed optimism about the company's prospects for 2025. He discussed data center sales growth, noting that sales in that area were expected to double from roughly $500 million in the prior year to about $1 billion, representing an increase from approximately 10% to 15% of total HVAC sales. He also addressed potential tariff impacts, particularly regarding Mexico, stating that the company was monitoring the situation closely given its operations and imports from that country, while acknowledging uncertainty about whether tariffs would be implemented or exemptions granted.

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Notable quotes

“I think back. I think manufacturing strategy has changed so much in my career where there was a point where all we did is try to move work to the lowest cost countries. I mean, it was pretty simple math that said, 'What's your fully burdened cost per hour?' And if one side was $80 and one side was, you know, $16, just move a bunch of stuff there. So, we moved a lot to China, for example, and other places without doin”

“You know, today we work closely with the chip manufacturers. We work very closely with Nvidia because when you look at how a lot of the cooling is taking place in data centers today, it's not only traditional cooling, but the chips themselves have direct to chip cooling. So we have a coolant distribution unit that distributes liquid directly to a chip and then cools the chip directly. So to do that, we integrate very”

“You know, we have seen input cost increase. Uh it's a combination of what you just mentioned oil prices and that affects a lot of our logistics costs because if you think of the nature of our business, you know, we're in homes around the world, we're in buildings around the world, we're in a number of different um uh verticals that require a lot of transportation. So, we've seen our logistics costs increase. We've al”

“It's tremendous. You know, we uh two years ago uh carrier did 500 million. We said that last year we would double it to a billion. This year we've said it's going to increase 50% to a billion and a half. And the the reality is internally we're driving to to do a much better number than that. And we're building our backlog not only for 27 but for 28. So the growth potential in the United States, but honestly globally ”

“Yeah we should definitely be at a billion dollars by 2030. When you look at the investments that are taking place in India, if you look at data centers alone today, it's about 1.12 gigawatt and you look at the announcements of not only the hyperscalers that we've seen folks like Microsoft and Google and AWS announce significant data center investments in India but also the coloss folks like Colt and Reliance and so m”

“We could not be more excited to expand our footprint in India. You know, we've been selling into India for close to a century. Our first uh facility here, our first building was back in 1936. And we were the first in our industry to establish operations here 40 years ago. We're celebrating our 40 years of operations here. We started in Gurggon. And the beauty of our presence here is it's really an endto-end value cha”

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