Otis reports Q3 2026 results, maintains full‑year outlook
Otis Worldwide posted third‑quarter 2026 net sales of $3.914 billion, up 6 % year‑over‑year on a reported basis and up 6 % organic. GAAP earnings per share rose 14 % to $1.08, while adjusted EPS was flat at $1.05. Service net sales grew 8 % reported (7 % organic) and Service operating profit margin improved sequentially by 100 basis points to 24.2 % reported. The company reaffirmed its FY 2026 guidance of $15.1‑$15.3 billion net sales and adjusted EPS of $4.01‑$4.05.
Why it matters
The reaffirmed full‑year guidance gives investors a clear view of expected revenue and earnings, but the sequential margin contraction and narrowed free‑cash‑flow outlook signal pressure on profitability. Analysts note that the margin pressure could affect the stock’s near‑term performance.
Key facts
- 1Quarter‑ended September 30 net sales were $3,914 million, up 6 % year‑over‑year on a reported basis. sec.gov
- 2Organic net sales grew 6 % year‑over‑year. sec.gov
- 3GAAP EPS increased 14 % to $1.08. sec.gov
- 4Adjusted EPS was $1.05, flat versus the prior year. sec.gov
- 5Service net sales rose 8 % reported and 7 % organic. sec.gov
- 6Service operating profit margin improved sequentially by 100 basis points to 24.2 % reported. sec.gov
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.