Otis revenue momentum lifts quarterly sales to $3.91 billion
Key points
- Otis Worldwide (NYSE:OTIS) reported third-quarter 2026 revenue of $3.91 billion and adjusted earnings per share of $1.05, exceeding analysts' expectations.
- Revenue increased 6% year over year, supported by 8% growth in Service net sales and 3% growth in New Equipment sales, although adjusted operating margin narrowed.
- Otis forecasts 2026 adjusted earnings per share of $4.01–$4.05, revenue of $15.10 billion–$15.30 billion and adjusted free cash flow of approximately $1.5 billion.
Otis Worldwide (NYSE:OTIS) reported third-quarter 2026 revenue of $3.91 billion and adjusted earnings per share of $1.05, beating analysts' expectations for both measures.
Revenue increased 6% year over year, exceeding the $3.85 billion consensus estimate, while adjusted earnings per share topped the expected $1.01.
Service net sales rose 8%, while New Equipment net sales increased 3%, reflecting different growth rates across the company's two main business areas.
Adjusted operating profit margin contracted by 110 basis points to 16%, which reports attributed to investments in service initiatives and pricing and product-mix pressures in New Equipment.
Otis forecasts full-year 2026 adjusted earnings per share of $4.01–$4.05 and revenue of $15.10 billion–$15.30 billion, with the revenue midpoint below analysts' $15.31 billion consensus estimate.
The company also expects adjusted free cash flow of approximately $1.5 billion for 2026, while its business continues to combine new elevator installations with recurring service and maintenance operations.
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