Otis reports third quarter 2026 financial results
Net sales rose 6% to $3.9 billion with strong service growth. The company maintained its full-year outlook while returning $1.3 billion to shareholders.
Latest Otis News & Updates
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Elevator, escalator, and moving walkway manufacturer, installer, and maintainer
otis.com- Headquarters
- United States
- Founded year
- 1853
- Company type
- Public company
- Number of employees
- 31,000+
- Industry
- Heavy Electrical Equipment
Last updated
Latest news about Otis
In short: Otis reported strong third-quarter earnings on service growth and announced CEO Judy Marks' 2027 retirement.
Company announcements
Otis initiates CEO succession plan for Judy Marks
Judy Marks retires in 2027 after leading strong financial performance and strategic growth. The board seeks her successor with Spencer Stuart.
Otis Reports Second Quarter 2026 Results
Service sales rose 11% to $2.6 billion while New Equipment sales remained flat. The company also announced full-year outlook revisions.
Otis reports Q1 earnings and updates financial outlook
The company posted strong cash flow and announced new product launches including Otis ROBUST and a WeMaintain investment.
Media coverage
Otis 3Q Net Up, Backs 2026 Growth Views on Strong Service Sales
Sales rose 6% to $3.91 billion, topping the average analyst target of $3.85 billion, as per FactSet. Service sales rose 8% to $2.62 billion. Higher...
Otis Beats Q3 Estimates As Margin Pressure Weighs On Shares - Otis Worldwide (NYSE:OTIS)
Otis Earnings beat estimates, but weaker margins, churn and below-consensus EPS guidance kept...
Otis CEO Marks to retire next year, succession search underway
Otis Worldwide CEO Judy Marks, who helped navigate the elevator maker's transition to a stand-alon...
Otis Worldwide (OTIS) Cuts EPS Forecast, Is The Stock Still A Bargain? - Simply Wall St News
Otis Worldwide (OTIS) cut its full year adjusted EPS forecast after higher labor, productivity, and investment costs, along with weaker new equipment demand in China...
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