Otis reports 6% sales growth led by service, $413M cash flow, and $400M share buybacks in Q1 2026

Otis Worldwide posted a 6% increase in net sales to $3.6 billion in Q1 2026, driven mainly by an 11% rise in service sales, especially repairs which grew 16%. Operating cash flow reached $413 million, enabling $400 million in share repurchases. Despite some margin pressures from costs and investments, Otis sees strong order backlogs and expects continued momentum for the year. Adjusted EPS slightly declined 3% to $0.89, while GAAP EPS rose 43% to $0.87 due to prior year non-recurring costs.