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OTIS · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 7.3% y/y to $3.86B, operating margin 14.9% vs 15.2%, net income $428M (+8.9% y/y).
Net income attributable to Otis Worldwide Corporation
$428M
up 8.9% y/y
Net Sales
$3,859M
up 7.3% y/y
Operating profit
$575M
up 5.1% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net Sales | $3,859 · +7.3% |
| Cost of products and services sold | $2,723 · +8.7% |
| Research and development | $39 · +2.6% |
| Selling, general and administrative | $520 · +4.2% |
| Other income (expense), net | $2 · −60.0% |
| Operating profit | $575 · +5.1% · 14.9% margin |
| Non-service pension cost (benefit) | $2 · vs $0 |
| Interest expense (income), net | $26 · +0.0% |
| Net income before income taxes | $547 · +5.0% |
| Income tax expense (benefit) | $98 · +0.0% · 17.9% effective rate |
| Less: Noncontrolling interest in subsidiaries' earnings | $21 · −30.0% |
| Net income attributable to Otis Worldwide Corporation | $428 · +8.9% · $1.12/sh · 11.1% margin |
Verdict: revenue grew 7.3% y/y to $3.86B, operating margin 14.9% vs 15.2%, net income $428M (+8.9% y/y).
Operating cash flow was $267 million, and share repurchases were approximately $400 million.
Source and notation
Source: Otis Worldwide press release, 8-K EX-99.1 of 07/22/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: OTIS, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “OTIS Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/otis/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/otis/q2-2026"><img src="https://whoreportstoday.com/t/otis/q2-2026/sankey.png" alt="OTIS Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/otis/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
https://whoreportstoday.com/t/otis/q2-2026/sankey.png
<a href="https://whoreportstoday.com/t/otis/q2-2026">OTIS Q2 2026 earnings chart (Who Reports Today)</a>
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- Service net sales rose 11% with organic sales up 9%, while New Equipment net sales were flat.
- Operating income was $575M, a 14.9% margin vs 15.2% a year earlier.
- The effective tax rate was 17.9% vs 18.8% a year earlier.
- Diluted EPS was $1.12 vs $0.99 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
OTIS — a company that makes, installs, maintains and modernizes elevators, escalators and moving walkways for residential, commercial and infrastructure buildings worldwide, with about 71% of sales outside the U.S. It reports two segments: New Equipment and Service (maintenance, repair and modernization); Service accounted for 65% of 2025 net sales. · Source: annual report (Form 10-K, SEC)
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