Otis Q1 sales rise 6% to $3.6 billion; adjusted EPS falls 3% to $0.89
Otis reported first quarter 2026 net sales of $3.6 billion, up 6% (1% organic), with Service sales up 11%. GAAP EPS rose 43% to $0.87, but adjusted EPS fell 3% to $0.89 as segment operating profit declined, and the company revised its full-year outlook with adjusted EPS of $4.20 to $4.24. Shareholders get mixed signals: the top line and GAAP profit improved, while adjusted profit slipped and the company bought back about $400 million of shares.
Key points
- Net sales $3.6 billion, up 6% year over year; organic sales up 1%
- GAAP EPS $0.87 (up 43%); adjusted EPS $0.89 (down 3%)
- Adjusted operating profit $550 million, down $10 million at actual currency; New Equipment segment margin fell to 3.3%
- 2026 outlook: adjusted EPS $4.20 to $4.24; adjusted free cash flow $1.60 to $1.65 billion
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 April 22, 2026.
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.