Otis Q3 sales slightly beat estimates on service revenue growth
OTIS•Otis Q3 sales rose 6% to $3.90 billion, slightly above the $3.87 billion estimate. Adjusted EPS of $1.05 beat the $1.03 estimate, while the company broadly maintained its full-year 2026 outlook.
1. Sales and earnings
Otis reported third-quarter sales of $3.90 billion, up 6% year over year and slightly above analyst expectations of $3.87 billion. Adjusted EPS was $1.05, compared with estimates of $1.03, and was flat year over year; reported EPS was $1.08.
2. Service growth
Service net sales rose 8%, with organic sales up 7% across all lines of business. Organic modernization sales increased 20%, and the company reported sequential improvement in service margins. GAAP operating profit and EPS rose due to the absence of UpLift transformation costs, separation-related adjustments and other non-recurring items.
3. 2026 outlook
Otis broadly maintained its full-year 2026 outlook, citing service margin improvement and growth initiatives as support for confidence in sustained growth.
