Otis cuts 2026 EPS guidance to $4.01–$4.05 on New Equipment margin pressure

Filed July 22, 2026 · Period ending July 22, 2026 · ~1 min read

Key Changes

• high

  Revised full-year adjusted EPS to $4.01–$4.05, down from prior guidance, with adjusted operating profit expected at ~$2.4B (down $45–$15M at constant currency) due to New Equipment headwinds.

  Exhibit 99 view on EDGAR →
• high

  New Equipment segment operating profit fell $28M to $40M in Q2, with margin contracting 220 bps to 3.1% on lower volume, unfavorable pricing, and mix; China sales down high-teens.

  Exhibit 99 view on EDGAR →
• high

  Service segment delivered 9% organic sales growth (24% in modernization, 6% in maintenance/repair), but margin contracted 170 bps to 23.2% on higher labor costs and material headwinds.

  Exhibit 99 view on EDGAR →