Otis FY26 Q2 net income rises 8.91% to $428 million; net sales climb 7% to $3.86 billion

Reuters2026/07/23 20:36

By:Reuters

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Otis Q2 net sales rose 7% to $3.86 billion, lifted by 6% organic growth and a 1% foreign-currency tailwind.
Net income attributable to shareholders increased to $428 million; consolidated operating profit climbed to $575 million, while operating margin narrowed 0.3 percentage points to 14.9%.
Service net sales jumped 11% to $2.58 billion, while New Equipment net sales were flat at $1.28 billion and operating profit fell to $40 million.
Gross margin slipped 0.9 percentage points to 29.4%, reflecting higher labor and material costs, partly offset by mix toward Service.
Otis held $813 million of cash and cash equivalents at June 30, 2026; total debt increased to $8.44 billion following a $700 million notes issuance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Otis Worldwide Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001781335-26-000113), on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Otis FY26 Q2 net income rises 8.91% to $428 million; net sales climb 7% to $3.86 billion

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