| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 3.9K | 1.4% | 6.1% |
| Total Income | 3.9K | 1.4% | 6.1% |
| Expenditure | 3.3K | 0.2% | 6.2% |
| PBT | 552.00 | 0.9% | 6.0% |
| Net Profit | 414.00 | 3.3% | 10.7% |
| OPM | 15.84% | 0.94pp | 0.04pp |
| NPM | 10.58% | 0.51pp | 0.44pp |
| EPS | 1.09 | 2.7% | 13.5% |
Otis Reports Q3 2026 Results
28 Oct 2026 · 28 Oct, 3:38 pm
Summary
Otis Worldwide Corporation reported third quarter 2026 net sales of $3.9 billion, a 6% increase year-over-year, driven by an 8% rise in Service net sales and a 3% increase in New Equipment net sales. While adjusted operating profit saw a slight decrease due to investments in Service growth initiatives, the Service operating profit margin improved sequentially by 100 basis points to 24.2%. The company is maintaining its full-year outlook, expecting net sales between $15.1 to $15.3 billion and adjusted EPS of $4.01 to $4.05, reflecting confidence in its strategic direction.
Key Highlights
- 1
Otis reported third quarter 2026 net sales of $3.9 billion, an increase of 6% compared to the prior year, driven by strong Service net sales growth.
- 2
Service net sales increased by 8% year-over-year, with organic sales up 7%, demonstrating sustained performance across all Service lines.
- 3
New Equipment net sales grew by 3% year-over-year, with organic sales also up 3%, supported by growth in the Americas, EMEA, and Asia Pacific.
- 4
Service operating profit margin improved sequentially by 100 basis points to 24.2%, reflecting the benefits of investments in field capability and AI-enabled pricing.
- 5
Modernization orders increased by 10% at constant currency, and the backlog grew by 20% at both actual and constant currency.
- 6
The company is maintaining its full-year outlook for net sales between $15.1 to $15.3 billion and adjusted EPS of $4.01 to $4.05.
Management Comments
Judy Marks
Otis delivered another quarter of strong top-line growth, supported by sustained performance across all Service lines and growth in New Equipment. Our investments in field capability and AI-enabled pricing, combined with disciplined execution, continue to support double digit modernization growth and high single digit repair growth. Alongside our focus on service quality, reliability, uptime, and cost control, these actions drove the incremental increase in Service margin to above 24%. The third quarter Service revenue growth and sequential margin improvement continue to reinforce our Service flywheel strategy and give us confidence in the steps we are taking to build a stronger foundation for sustained growth.
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