NYSE$OTIS
Otis Worldwide Corp · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
Otis reported Q2 2026 net sales of $3.9 billion with organic sales growth of 6% and GAAP EPS of $1.12.
Otis Worldwide Corp delivered solid Q2 2026 results driven by strong Service performance with 9% organic sales growth, the highest level since spin. GAAP operating profit rose $28 million to $575 million while adjusted operating profit declined $25 million. The company repurchased approximately $400 million of shares and generated $290 million in adjusted free cash flow.
- Net sales increased 7% to $3.859 billion with organic sales up 6%, led by Service organic growth of 9%.
- GAAP EPS rose 13% to $1.12 while adjusted EPS fell 4% to $1.01.
- Modernization orders grew 9% at constant currency with backlog up 24%; New Equipment backlog rose 3%.
- Operating cash flow reached $267 million and adjusted free cash flow was $290 million with $400 million in share repurchases.
Headline financials
Revenue & EPS history
Otis · Revenue · Quarterly
$3.86B
Revenue by segment
Otis · $3.86B total across 2 segments · Q2 2026
- Service$2.58B—66.9%
- New Equipment$1.28B—33.1%
Forward guidance
Full year 2026 outlook revised to net sales of $15.1 to $15.3 billion with organic sales up low to mid-single digits.
Tailwinds
- Organic Service sales expected up mid to high single digits
- Strong modernization and New Equipment backlog provides visibility
Headwinds
- Organic New Equipment sales expected down low single digits to flat
- Adjusted operating profit expected down $45 to $15 million at constant currency
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-0.1%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+4.0%
Avg return
30 days after
30%
9 / 30 earnings
Positive
+10.8%
Q1 2021
Best reaction
-6.7%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -2.5% | -1.8% | -7.7% | |
| Q4 2025 | -1.9% | -4.9% | +2.2% | |
| Q3 2025 | +2.3% | -1.2% | -2.7% | |
| Q2 2025 | -1.9% | -0.7% | -0.2% | |
| Q1 2025 | -6.7% | -5.4% | -2.2% | |
| Q4 2024 | -1.3% | -1.4% | +4.1% | |
| Q3 2024 | -3.1% | -1.9% | +1.6% | |
| Q2 2024 | -5.4% | -5.4% | -4.2% | |
| Q1 2024 | -4.6% | -4.2% | +0.1% | |
| Q4 2023 | -0.5% | +1.0% | +6.3% | |
| Q3 2023 | -2.3% | -0.9% | +10.1% | |
| Q2 2023 | +2.4% | +3.9% | -4.2% | |
| Q1 2023 | +3.9% | +4.0% | -1.0% | |
| Q4 2022 | +2.0% | +1.8% | +5.7% | |
| Q3 2022 | +1.7% | +2.6% | +14.3% | |
| Q2 2022 | +5.7% | +7.6% | +3.5% | |
| Q1 2022 | -1.4% | -0.8% | +0.1% | |
| Q4 2021 | +1.0% | -0.4% | -4.8% | |
| Q3 2021 | -6.3% | -6.2% | -1.4% | |
| Q2 2021 | -0.3% | +1.2% | +2.9% | |
| Q1 2021 | +10.8% | +9.2% | +9.1% | |
| Q4 2020 | -0.0% | -1.1% | +3.6% | |
| Q3 2019 | -1.9% | +0.3% | +8.7% | |
| Q3 2020 | -2.3% | -3.4% | +6.2% | |
| Q2 2019 | -0.3% | -0.5% | +0.3% | |
| Q2 2020 | +10.3% | +7.6% | +8.4% | |
| Q1 2019 | +0.0% | -6.9% | +13.0% | |
| Q1 2020 | +0.0% | -6.9% | +13.0% | |
| Q4 2019 | +0.0% | -6.9% | +13.0% | |
| Q4 2018 | +0.0% | +2.9% | +21.2% |
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