Otis Q2 FY26 GAAP EPS rises 13% to $1.12; net sales increase 7% to $3.9 billion

Reuters2026/07/22 10:07

By:Reuters

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Otis posted Q2 2026 net sales of $3.86 billion, up 7% year over year; GAAP EPS rose 13% to $1.12.
GAAP operating profit increased to $575 million, up $28 million; operating margin narrowed 0.3 percentage point to 14.9%.
Service net sales climbed 11% to $2.58 billion; organic modernization sales rose 24% while segment margin fell 1.7 percentage points to 23.2%.
New Equipment segment profit dropped to $40 million from $68 million; New Equipment orders declined 5%.
Full-year outlook calls for net sales of $15.1 billion-$15.3 billion; adjusted EPS of $4.01-$4.05.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Otis Worldwide Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001781335-26-000110), on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Otis Q2 FY26 GAAP EPS rises 13% to $1.12; net sales increase 7% to $3.9 billion

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