Monitor Q2 margins for signs of improvement from pricing actions and cost efficiency; the raised full-year EPS guidance suggests underlying strength, but near-term cost pressures remain a headwind.
Price Chart
Executive Summary
Otis reported Q1 2026 revenue of $3.57B (6% YoY, 1% organic), beating consensus. GAAP EPS of $0.87 rose 43% YoY due to favorable prior-year comparisons, but adjusted EPS of $0.89 missed by 3% due to cost headwinds. Full-year adjusted EPS guidance was raised to $4.20–$4.24, signaling confidence despite near-term margin pressures.
Key Financial Metrics
Key Facts
- Q1 revenue: $3.566B (6% YoY, 1% organic), beat consensus of $3.51B
- GAAP EPS: $0.87 (up 43% YoY), adjusted EPS: $0.89 (down 3% YoY)
- Service segment drove growth: 11% sales increase (5% organic), but margin contracted 160 bps to 23.0%
- New Equipment sales down 1%, margin contracted 240 bps to 3.3%
- Raised full-year adjusted EPS guidance to $4.20–$4.24 (from prior $4.10–$4.20 range)
Financial Impact
Revenue beat by $56M, adjusted EPS missed by $0.02; full-year EPS guidance raised by $0.10 at midpoint.
Risk Factors
- Service margin pressure from higher labor and material costs
- Geopolitical delays impacting New Equipment and modernization shipments
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001781335-26-000072 |
| Document: otis-20260422.htm | 0001781335-26-000072 |
| Document: 0001781335-26-000072-index-headers.html | 0001781335-26-000072 |
| Document: 0001781335-26-000072-index.html | 0001781335-26-000072 |
| Document: 0001781335-26-000072.txt | 0001781335-26-000072 |
| 8-K Data (Synthetic) | 0001781335-26-000072 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | 8-K | $68.50 $68.52 | ▲ +0.03% | ▼ −0.79% | $63.94 (−6.66%) |
Jul 22, 2026 10w ago | 8-K | $70.41 $73.36 | ▼ −4.19% | ▼ −6.59% | $63.94 (+9.20%) |
Apr 22, 2026 23w ago | 8-K | $77.88 $76.44 | ▼ −1.85% | ▼ −1.90% | $63.94 (−17.90%) |
Apr 17, 2026 23w ago | DEFA14A | $80.66 $77.43 | ▼ −4.00% | ▼ −4.92% | $63.94 (−20.73%) |
Feb 28, 2026 30w ago | Institutional Cluster | $93.47 $87.56 | ▼ −6.32% | ▼ −5.12% | $63.94 (−31.60%) |
US Market Status
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