Otis earnings for the third quarter of 2026 showed organic sales growth of 6%, with a 7% increase in Service and a 3% rise in New Equipment. The elevator and escalator company reported the results on October 28.

Key Takeaways

  • Modernization organic sales increased 20% in the third quarter.
  • Service operating margin reached 24.2%, while quarterly adjusted free cash flow was approximately $272 million.
  • Otis projected 2026 net sales of $15.1 billion to $15.3 billion and adjusted earnings of $4.01 to $4.05 per share.

Otis earnings and service growth

The Service business includes maintenance and modernization of existing equipment. Modernization was a particular area of growth in the quarter, with organic sales rising 20%.

Adjusted free cash flow reached approximately $272 million for the quarter and $834 million for the year to date.

Full-year outlook

Otis forecast net sales of $15.1 billion to $15.3 billion for 2026 and adjusted earnings per share of $4.01 to $4.05. Those figures are guidance, not completed full-year results.

In its October 7 earnings advisory, Otis scheduled an October 28 conference call for CEO Judy Marks and CFO Cristina Mendez to discuss the third-quarter results and 2026 outlook.

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