Otis Worldwide (OTIS)
NYSE:OTIS
Want to see OTIS full AI Analyst Report?
Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.01Last Year’s EPS
1.05Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a generally constructive outlook anchored by solid service growth (service organic +5%, repair +10%), a sizable modernization backlog (up ~30% CC) and strong cash generation (Q1 adjusted free cash flow ~$272M, +46% YoY), alongside product launches and strategic investments that should support long-term growth. However, near-term profitability was pressured by a 160-bp contraction in service margins, new equipment softness (new equipment organic -5% and margin down to 3.3%), China market weakness, portfolio mix headwinds, and incremental investments (~$50M) that will weigh on the first half of the year. Management maintained full-year guidance with expectations for sequential margin recovery and second-half acceleration, leading to confidence in returning to margin expansion later in 2026.Company Guidance
Service Revenue Growth
Service organic sales grew 5% in Q1 2026 with broad-based strength across all service lines; maintenance and repair organic sales increased 4%, and repair organic sales rose ~10% reflecting solid orders momentum.
Modernization Demand and Backlog Expansion
Modernization orders increased 11% in the quarter and modernization organic sales grew 6%; modernization backlog was up ~30% at constant currency, supporting the view of modernization as a durable multiyear opportunity.
New Equipment Orders Stabilizing Outside China
New equipment orders increased 1% at constant currency (and 5% excluding China); backlog for combined new equipment and modernization increased 9% YoY and total backlog is approaching $20 billion, providing future earnings visibility.
Strong Americas Performance
Orders in the Americas grew more than 20% in the quarter (seventh consecutive quarter of growth), driving positive momentum for new equipment and modernization in that region.
Cash Flow, Capital Return and Balance Sheet Actions
Adjusted free cash flow in Q1 was approximately $272 million, up 46% versus prior year; Otis opportunistically repurchased ~$400 million of shares in the quarter and announced a 5% increase to the quarterly dividend; full-year share repurchase target remains $800 million.
Product and Strategic Investments
Announced majority investment in a digital/AI-enabled multi-branded elevator service provider ('we maintain'), introduced Otis Robust (heavy-duty elevators for data centers/mission-critical environments) and Otis Veeva solutions for aging populations — expected to contribute incremental growth and broaden solution set.
Maintained Full-Year Guidance with Upgraded Profit Range
Full-year net sales outlook of $15.1B–$15.3B with organic sales up low- to mid-single digits; adjusted operating profit expected ~ $2.5B (up $20M–$60M at constant currency) and adjusted EPS guided to $4.20–$4.24 (mid-single-digit increase vs 2025).
Repair Growth Tailwind and Service Strategy Execution
Company expects repair organic sales to grow ~10% for 2026, driven by aging installed base and connectivity (Otis ONE), and management highlighted retention stabilization ex-China and continued investments in service excellence and micro-pricing initiatives.
OTIS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OTIS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $78.87 | $77.88 | -1.26% |
Jan 28, 2026 | $90.14 | $88.19 | -2.15% |
Oct 29, 2025 | $90.46 | $92.52 | +2.28% |
Jul 23, 2025 | $99.58 | $87.25 | -12.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Otis Worldwide (OTIS) report earnings?
Otis Worldwide (OTIS) is schdueled to report earning on Jul 29, 2026, Before Open (Confirmed).
What is Otis Worldwide (OTIS) earnings time?
Otis Worldwide (OTIS) earnings time is at Jul 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OTIS EPS forecast?
OTIS EPS forecast for the fiscal quarter 2026 (Q2) is 1.01.
