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Recent Updates — OTIS

July 22, 2026View Source ↗

Otis Worldwide Corporation reported second quarter 2026 net sales of $3.9 billion, a 7% increase year-over-year, driven by an 11% rise in Service sales. GAAP net income attributable to common shareholders rose 9% to $428 million, while GAAP earnings per share increased 13% to $1.12. Adjusted operating profit decreased by $25 million to $587 million, impacted by higher interest and tax rates despite strong service growth. For the first half of 2026, net sales grew 7% to $7.4 billion and GAAP net income reached $768 million. The company revised its full-year 2026 outlook, forecasting net sales between $15.1 billion and $15.3 billion and adjusted EPS of $4.01 to $4.05. Otis is an elevator and escalator manufacturing, installation, and service company.