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Otis Worldwide OTIS Q2 2026 earnings

Reported July 22, 2026 · Before market open

Revenue$3.9BBeat by $97.4M
EPS$1.01In line
Revenue estimate$3.8B
EPS estimate$1.01
“Otis delivered a solid quarter, with net sales up 7%, supported by growth across all Service lines and sequential improvement in New Equipment trends. Our strategy, actions and investments in service quality are gaining traction as evidenced by double-digit growth in both modernization and repair sales with maintenance growth also accelerating, contributing to Service sales growth that matched the highest level achieved since spin. Strong backlog in both modernization and New Equipment provides good visibility and supports our expectation for continued growth in the quarters ahead. We remain confident in the long-term growth opportunities across our Service portfolio. An aging installed base and our customers’ increasing focus on reliability, uptime and Service quality are driving favorable demand in both modernization and repair, contributing to drive sustained growth and value creation.
Management

Next report

Oct 28, 2026 (In 3 weeks)
Revenue estimate$3.9B
EPS estimate$1.01

Financials

Q2 2026

Income statement

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Revenue$3.9B+7.3%
Operating income$575.0M+5.1%
Net income$428.0M+8.9%
EPS (diluted)$1.12+13.1%

Balance sheet

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Cash & equivalents$849.0M+20.8%
Total debt$7.7B-3.9%
Total equity-$5.7B-7.1%
Total assets$11.2B+6.3%

Cash flow

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Operating cash flow$267.0M+24.2%
CapEx$44.0M+22.2%
Free cash flow$223.0M+24.6%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$24.55B-32.2%
Enterprise value$31.36B-28.2%
P/E16.2×-10.7×
P/S1.7×-0.9×

Profitability

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Operating margin15.4%+2.3pp
Net margin10.2%-0.5pp
FCF margin11.5%+2.0pp

Returns & leverage

See full
Current ratio0.8×0.0×

Segments

By segment

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Service$2.6B+11.3%
New Equipment$1.3B+0.2%

By product

See full
Service sales$2.6B+11.3%

FAQ

When did Otis Worldwide report Q2 2026 earnings?
Otis Worldwide (OTIS) reported Q2 2026 earnings on July 22, 2026 before market open.
What were Otis Worldwide's Q2 2026 revenue and EPS?
Otis Worldwide reported revenue of $3.9B and eps of $1.01 for Q2 2026.
Did Otis Worldwide beat estimates in Q2 2026?
Revenue beat the consensus estimate of $3.8B by $97.4M. EPS beat the consensus estimate of $1.01 by $0.00.
How did Otis Worldwide's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.3% from $3.6B a year earlier and eps declined 3.8% from $1.05.
Where can I find Otis Worldwide's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001781335-26-000110) and the 10-Q periodic report (0001781335-26-000113) directly on SEC EDGAR. The filing index links above go to sec.gov.