Earnings Call
Jul 22, 2026
Q2 FY2026
EPS Estimate
1.01
EPS Actual
1.01
Post-Earnings Close
$70.41
Earnings Reaction
-2.1%
Otis posted second quarter 2026 net sales of $3.9 billion, with organic growth of 6%, a meaningful acceleration from recent quarters, driven overwhelmingly by a service segment firing on multiple cylinders. Modernization organic sales surged 24%, the highest growth rate since the company's 2020 spin-off, repair grew 12% (its strongest showing in ten quarters), and maintenance accelerated to 3% organic growth. New equipment, while still under pressure, posted its smallest year-over-year organic decline in nine quarters at -1%, with Americas new equipment up a robust 10% for the eighth consecutive quarter of growth. Adjusted EPS came in at approximately $0.96 for the quarter, below the prior-year period and below consensus, as strong top-line momentum was more than offset by margin compression in the service segment.
Report generated on Jul 22, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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