Otis Q2 GAAP EPS falls 3% to $0.99 as sales hold flat; Service up 6%
Otis reported second quarter 2025 net sales of $3.6 billion, flat from a year earlier, with GAAP EPS down 3% to $0.99 and adjusted EPS down 1% to $1.05. Service net sales rose 6% while New Equipment net sales fell 10%, and the company's full-year 2025 ranges call for adjusted EPS of $4.00 to $4.10, up 4% to 7%. Shareholders see mixed signals: current-quarter profit declined, but the updated full-year ranges point to higher earnings.
Key points
- Second quarter net sales were $3,595 million versus $3,601 million a year earlier, flat year over year.
- GAAP EPS was $0.99 versus $1.02 (down 3%); adjusted EPS was $1.05 versus $1.06 (down 1%).
- New Equipment net sales fell 10% to $1.3 billion, with China orders down more than 20%; Service net sales rose 6% to $2.3 billion.
- Full-year 2025 outlook: net sales of $14.5 to $14.6 billion and adjusted EPS of $4.00 to $4.10.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.