Otis Q2 2026: Service sales up 11% organic 9%; adjusted EPS $1.01 down 4%; FY outlook revised

Otis Worldwide Corp

Q2 net sales $3.86B (+7% YoY); organic sales +6%; GAAP EPS $1.12 (+13%), adjusted EPS $1.01 (-4%).
Service sales $2.58B (+11% organic +9%); modernization orders +9% at constant currency, backlog +24%.
New Equipment sales flat; organic -1%; orders -5% at constant currency; China high teens decline.
Adjusted operating profit $587M, down $25M YoY; margin 15.2% vs 17.0% prior year.
FY 2026 outlook: net sales $15.1-15.3B, adjusted EPS $4.01-4.05, adjusted free cash flow $1.50-1.55B.

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