In Q2 FY2026, Otis Worldwide Corp reported revenue of $3.86 billion, up 7.3% year-over-year. Net income rose 8.9% to $428 million, and diluted EPS increased 13.1% to $1.12. Operating income grew 5.1% to $575 million. The company held $813 million in cash, with long-term debt of $8.23 billion and negative equity of $5.75 billion.
•Revenue increased 7.3% YoY to $3.86 billion.
•Net income grew 8.9% YoY to $428 million.
•Diluted EPS rose 13.1% to $1.12.
•Operating income up 5.1% to $575 million.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Otis Worldwide provides manufacturing, installation, and servicing of elevators and escalators globally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators
Escalators and moving walkways for residential and commercial buildings, and infrastructure projects. This segment serves real-estate and building developers, and general contractors.
It sells its products directly to customers, as well as through agents and distributors. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. Founded in 1853, Otis globally is headquartered in Farmington, Connecticut.
Otis Worldwide Corporation is a leading company in the elevator and escalator industry. It designs, manufactures, installs, and services elevators, escalators, and moving walkways for residential and commercial buildings, as well as infrastructure projects. The company operates through two main segments: New Equipment and Service. The New Equipment segment focuses on selling and installing a wide range of passenger and freight elevators, escalators, and moving walkways to real-estate developers, building developers, and general contractors. The Service segment provides maintenance, repair, and modernization services to upgrade existing elevators and escalators. Founded in 1853, Otis has a long history of innovation and reliability in vertical transportation.
Where is Otis Worldwide Corporation listed and in which currency?
Otis Worldwide Corporation is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol OTIS. The company's shares are denominated in US Dollars (USD), reflecting its primary listing in the United States. As a US-based corporation, its financial reporting and stock trading are conducted in USD, making it accessible to investors through major brokerage platforms that trade on the NYSE.
What sector and industry does Otis Worldwide Corporation operate in?
Otis Worldwide Corporation operates in the Industrials sector, specifically within the Specialty Industrial Machinery industry. This classification reflects the company's focus on manufacturing and servicing specialized machinery used in building infrastructure. The Specialty Industrial Machinery industry includes companies that produce equipment for specific industrial applications, such as elevators and escalators. Otis's role in this industry involves both the production of new equipment and the ongoing maintenance and modernization of existing systems, positioning it as a key player in vertical transportation solutions.
Where is Otis Worldwide Corporation headquartered and what markets does it serve?
Otis Worldwide Corporation is headquartered in Farmington, Connecticut, United States. The company serves a global market, providing manufacturing, installation, and servicing of elevators and escalators worldwide. Its operations span across residential and commercial buildings, as well as infrastructure projects, catering to a diverse clientele including real-estate developers, building developers, and general contractors. With a founding date of 1853, Otis has established a strong international presence, selling its products directly to customers as well as through agents and distributors in various regions.
How does Otis Worldwide Corporation generate revenue?
Otis Worldwide Corporation generates revenue through two primary segments: New Equipment and Service. The New Equipment segment earns revenue by designing, manufacturing, selling, and installing a range of passenger and freight elevators, escalators, and moving walkways for new construction projects. This segment targets real-estate developers, building developers, and general contractors. The Service segment generates recurring revenue by performing maintenance and repair services on existing elevators and escalators, as well as modernization projects that upgrade older systems. This dual revenue stream provides a balance between one-time sales from new installations and ongoing service contracts, contributing to the company's financial stability.