Product — Net Sales
Otis Worldwide Product — Net Sales decreased by 11.1% to $1.15B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.2%, from $1.16B to $1.15B. Over 4 years (FY 2021 to FY 2025), Product — Net Sales shows a downward trend with a -6.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong demand for new construction and successful project bidding, while a decrease may indicate a slowdown in the global real estate or construction markets.
Detailed definition
This metric represents the total revenue generated from the sale and installation of new elevator and escalator units. I...
Peer comparison
Comparable to new equipment sales revenue reported by industrial peers like Kone, Schindler, or Thyssenkrupp Elevator.
otis_segment_product_net_salesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.73B | $1.68B | $1.56B | $1.42B | $1.53B | $1.45B | $1.46B | $1.31B | $1.60B | $1.44B | $1.47B | $1.28B | $1.42B | $1.31B | $1.36B | $1.16B | $1.28B | $1.26B | $1.29B | $1.15B |
| QoQ Change | — | -2.7% | -7.1% | -9.0% | +7.9% | -5.7% | +1.0% | -10.5% | +22.7% | -10.5% | +2.2% | -12.7% | +11.0% | -7.9% | +3.7% | -14.3% | +9.7% | -1.5% | +2.9% | -11.1% |
| YoY Change | — | — | — | — | -11.2% | -13.9% | -6.5% | -8.1% | +4.6% | -0.8% | +0.3% | -2.1% | -11.4% | -8.8% | -7.4% | -9.1% | -10.2% | -4.0% | -4.7% | -1.2% |
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Frequently Asked Questions
- What is Otis Worldwide's product — net sales?
- Otis Worldwide (OTIS) reported product — net sales of $1.15B in Q1 2026.
- How has Otis Worldwide's product — net sales changed year-over-year?
- Otis Worldwide's product — net sales decreased by 1.2% year-over-year, from $1.16B to $1.15B.
- What is the long-term trend for Otis Worldwide's product — net sales?
- Over 4 years (2021 to 2025), Otis Worldwide's product — net sales has grown at a -6.1% compound annual growth rate (CAGR), from $6.43B to $4.99B.
- What does product — net sales mean?
- Total revenue earned from selling and installing new elevator and escalator equipment.