Otis Q2 sales rise 7% to $3.9B, adjusted EPS falls 4% to $1.01; outlook revised
Otis reported second quarter 2026 net sales of $3.9 billion, up 7%, led by Service growth, while adjusted EPS fell 4% to $1.01 on lower adjusted operating profit. GAAP EPS rose 13% to $1.12, and the company revised its full-year 2026 outlook, which now calls for net sales of $15.1 to $15.3 billion and adjusted EPS of $4.01 to $4.05.
Key points
- Q2 net sales $3.859 billion, up 7%; organic sales up 6%; Service net sales up 11%, New Equipment flat
- Adjusted operating profit $587 million, down $25 million; adjusted EPS $1.01, down 4% from $1.05
- GAAP EPS $1.12, up 13% from $0.99, mainly due to absence of prior-year UpLift transformation costs and other non-recurring items
- Revised 2026 outlook: net sales $15.1 to $15.3 billion; adjusted EPS $4.01 to $4.05; adjusted free cash flow $1.50 to $1.55 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 July 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.