OTIS · 10-Q · 2026Q3 · Full report

Market Demand Trends

Otis Worldwide Corp · 2026-10-29 · Importance 41 · Surprise 48

For the quarter ended September 30, 2026, New Equipment organic sales increased 3%, with low-teens growth in the Americas, high-single-digit growth in Asia Pacific and mid-single-digit growth in EMEA, partly offset by a greater-than-20% decline in China. For the nine months ended September 30, 2026, New Equipment organic sales decreased 1%, primarily due to a greater-than-20% decline in China. Growth in the Americas and low-single-digit growth in EMEA and Asia Pacific partly offset the China decline.

Key facts

• Otis identified higher product and service costs from tariffs, demand impacts across its businesses, customer liquidity constraints, order cancellations or delays, and supplier and raw-material capacity constraints and related costs as potential impacts of macroeconomic conditions during the remainder of 2026. source
• Otis warned that the uncertain outcomes of ongoing conflicts could adversely affect macroeconomic conditions, commodity availability, supply chains, business spending, cybersecurity, international trade, litigation and regulation, strategy execution, foreign exchange, reputation, and capital markets, with potential material adverse effects on its business, results, cash flows, and financial condition. source