OTIS · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

Otis Worldwide Corp · 2026-10-29 · Importance 55 · Surprise 32

For the quarter ended September 30, 2026, net sales were $3,914 million, up from $3,690 million a year earlier; nine-month sales were $11,339 million versus $10,635 million. Organic volume increased 6% for the quarter and 4% for the nine months, with Service up 7% in both periods; New Equipment rose 3% for the quarter and declined 1% for the nine months. Quarterly segment sales were $2,616 million for Service and $1,298 million for New Equipment; nine-month sales were $7,613 million and $3,726 million, respectively. Quarterly New Equipment organic sales rose 3%, led by the Americas, Asia Pacific and EMEA but partly offset by a greater than 20% decline in China; Service growth included modernization increases of 20% for the quarter and 17% for the nine months.

Key facts