Otis Worldwide (OTIS) Q3 2026 Earnings Call: Guidance and Outlook
Formal guidance covers the full year 2026, maintaining previously stated ranges for net sales, operating profit, free cash flow, and adjusted EPS.
About Otis Worldwide. Otis Worldwide Corporation is a global leader specializing in the manufacturing, installation, and servicing of elevators and escalators, with significant operations in the United States, China, and numerous other international markets. The company's business is organized into two primary divisions: New Equipment and Service.
No specific formal quantitative quarterly guidance figures were issued for the fourth quarter, though management noted expectations for service margins to remain broadly in line with the third quarter.
Annual guidance
Net sales
$15.1 billion to $15.3 billion, with low to mid-single-digit organic sales growth.
Adjusted operating profit
Down $30 million to flat on an actual currency basis and down $45 million to down $15 million at constant currency.
Adjusted free cash flow
Around $1.5 billion.
Adjusted EPS
$4.01 to $4.05.
Outlook
Global new equipment market
Expected to stabilize with growth across all regions except China, where the market remains under pressure but with moderating declines.
Modernization market
Expected to continue expanding at a double-digit rate on a dollar basis across all regions, supported by an aging installed base.
Service sales
Organic service sales are expected to grow mid- to high single digits for the full year.
New equipment sales
Expected to be down low single digits to flat for the full year.
China market conditions
Structural changes from new government guidance favor completing units over presales, creating a constructive medium-term environment.
Dombey's summary of the Otis Worldwide Q3 2026 earnings call held Oct 28, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.
