Otis Q2 2026: Revenue +7.3%, operating income +5%; gross margin compressed 20bp YoY

Filed July 23, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 24, 2025 · ~2 min read

Key Changes

• high

  UpLift transformation complete with $200M run-rate savings achieved; only $18M trailing restructuring costs remain in 2026, down from $80M in prior year.

  MD&A: UpLift program verify on EDGAR →
• high

  German tax indemnity estimate lowered to $55M remaining (from $233M a year ago); indemnification expense fell to $5M YTD from $58M prior year.

  MD&A & Notes: German tax litigation verify on EDGAR →
• high

  Service modernization organic sales surged 24% in Q2 (vs. 5% prior year) and 16% YTD (vs. 7%), driving Service segment growth despite 160bp margin compression from labor/material costs.

  MD&A: Service segment verify on EDGAR →