secwatch.observer — SEC 8-K summary
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Issuer:     Otis Worldwide Corp (OTIS)
CIK:        0001781335
Form:       8-K
Filed at:   2026-07-22T10:05:47+00:00
Accession:  0001781335-26-000110
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781335/000178133526000110/0001781335-26-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781335/000178133526000110/otis-20260722.htm
  HTML page:      https://secwatch.observer/filing/0001781335-26-000110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer