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Otis Worldwide Corporation (OTIS) Q2 2026 Earnings Call Transcript
Otis Worldwide NYSE: OTIS reported stronger second-quarter organic sales growth in 2026, driven by its service business, but lowered parts of its profit outlook as investments in service quality, retention initiatives and productivity pressures weighed on margins.
OTIS tops second-quarter EPS estimates and posts higher sales, as Service momentum offset continued weakness in the New Equipment business.
While the top- and bottom-line numbers for Otis Worldwide (OTIS) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Otis Worldwide (OTIS) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $1.05 per share a year ago.
Otis delivers organic Service sales growth of 9% matching the highest level since spin with strong double-digit growth in modernization and repair and accelerating maintenance trends Second quarter 2026 Net sales up 7% and organic sales up 6%, driven by Service net sales up 11% with organic sales up 9%, and New Equipment net sales flat with organic sales down (1)%, improving sequentially GAAP operating profit up $28 million and adjusted operating profit down $25 million Modernization orders up 9% at constant currency, backlog up 24%, 26% at constant currency Operating cash flow of $267 million; adjusted free cash flow of $290 million Share repurchases of approximately $400 million First half 2026 Net sales up 7% and organic sales up 4%, driven by Service net sales up 11% with organic sales up 7% GAAP operating profit up $156 million and adjusted operating profit down $35 million Operating cash flow of $680 million; adjusted free cash flow of $562 million Share repurchases of approximately $800 million FARMINGTON, Conn., July 22, 2026 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2026 net sales of $3.9 billion with organic sales up 6% versus the prior year.
OTIS heads into Q2 earnings with Service growth and modernization initiatives in focus as investors watch whether margin pressures weigh on results.
Otis Worldwide (OTIS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.