---
schema_version: "secwatch.filing_event.v1"
accession: "0001781335-26-000072"
form_type: "8-K"
ticker: "OTIS"
cik: "0001781335"
company_name: "Otis Worldwide Corp"
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:54:53.963081+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Otis Q1 net sales +6% to $3.57B; adj EPS -3% to $0.89; modern orders +11% CC

## Summary
- GAAP EPS $0.87 (+43%); adjusted EPS $0.89 (-3%). Net sales $3.57B (+6%, organic +1%).
- Service net sales +11% (organic +5%); repair +16% (organic ~10%). Modernization orders +11% constant currency.
- New Equipment sales -1% (-5% organic); China declined >20%. Segment margin 3.3% (-240 bps).
- Operating cash flow $413M; adjusted free cash flow $272M. Share repurchases ~$400M in Q1.
- Full year guidance revised: net sales $15.1-15.3B, adj EPS $4.20-4.24, adj FCF $1.60-1.65B.

## SEC filing metadata
- accession: 0001781335-26-000072
- form_type: 8-K
- ticker: OTIS
- cik: 0001781335
- company_name: Otis Worldwide Corp
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1781335/000178133526000072/0001781335-26-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1781335/000178133526000072/otis-20260422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001781335-26-000072
- JSON: https://secwatch.observer/filing/0001781335-26-000072.json
- Plain text: https://secwatch.observer/filing/0001781335-26-000072.txt

## Key facts
- Earnings Releases
  Otis Worldwide Corp reported first quarter 2026 results: revenue $3.6 billion, net income $340, EPS $0.87.
  - Period: first quarter 2026
  - Revenue: $3.6 billion
  - Net income: $340
  - EPS: $0.87
  - Result: reported results
  source text: OTIS REPORTS FIRST QUARTER 2026 RESULTS Otis delivers net sales growth of 6%, driven by Service with growth in all lines of business, led by repair • Net sales up 6% and organic sales up 1%, driven by Service net sales up 11% with organic sales up 5% • Repair net sales up 16% with organic sales up approximately 10% • Modernization orders up 11% at constant currency, backlog up 32%, 30% at constant currency • New Equipment orders up 1% at constant currency, backlog up 6%, 3% at constant currency • Operating cash flow of $413 million; adjusted free cash flow of $272 million • Share repurchases of approximately $400 million FARMINGTON, Conn., April 22, 2026 – Otis Worldwide Corporation (NYSE:OTIS) reported first quarter 2026 net sales of $3.6 billion with organic sales up 1% versus the prior year. GAAP earnings per share (EPS) increased 43% to $0.87 and adjusted EPS decreased 3% to $0.89. "Otis delivered a solid quarter, with net sales up 6%. All Service lines of business grew, led by rep
  evidence_url: https://www.sec.gov/Archives/edgar/data/1781335/000178133526000072/0001781335-26-000072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.