Otis reports 6% Q3 sales growth, service margin up, maintains full-year outlook

Otis Worldwide reported a 6% increase in net sales for Q3 2026, driven by an 8% rise in service sales and 3% growth in new equipment sales. The company saw a sequential improvement in service operating profit margin to 24.2%, supported by investments in AI pricing and field capabilities. GAAP operating profit rose by $34 million, while adjusted operating profit slightly declined. Otis maintained its full-year outlook, expecting low to mid-single digit organic sales growth and adjusted operating profit around $2.4 billion. The company also returned approximately $1.3 billion to shareholders through share repurchases and dividends.

Otis Worldwide holds a market cap of $28.24 billion on Pluang as of Oct 28, 2026, 17:11 WIB, with a dividend yield of 2.37%. The stock price is currently USD 73.00, down 1.60% for the day, while trading volume reached 6,024,439 shares. These figures provide a snapshot of investor activity shortly after the company reported its Q3 2026 results and maintained its full-year outlook.