# Otis Sales Grow as Adjusted Profit Slips

Service growth lifted revenue, while the elevator maker trimmed its cash flow outlook.

By Will Langan | 24X7 News
Published: 2026-10-28T12:10:37.943Z
Updated: 2026-10-28T12:10:37.943Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/otis-third-quarter-results-october-28-2026

Otis reported 6% third-quarter sales growth on October 28, while adjusted operating profit declined and its annual cash flow forecast narrowed, according to the elevator manufacturer's release.

Sales for the quarter ended September 30 reached $3.914 billion, compared with $3.690 billion a year earlier. Organic growth was also 6%.

Service sales increased 8% to $2.616 billion. New Equipment sales rose 3% to $1.298 billion, with growth outside China partly offset by a decline there.

Reported operating profit increased to $620 million from $586 million. Adjusted operating profit fell to $626 million from $632 million. Otis attributed the reported improvement primarily to the absence of transformation costs and other prior-year items.

Reported earnings per share rose to $1.08 from 95 cents, while adjusted earnings remained $1.05. The Service operating margin was 24.2%, improving from the preceding quarter but below 25.5% a year earlier.

Otis maintained its annual sales forecast of $15.1 billion–$15.3 billion and adjusted earnings forecast of $4.01–$4.05 per share. It now expects about $1.5 billion in adjusted free cash flow, versus $1.50 billion–$1.55 billion previously.

Sources: Otis third-quarter results release.

## Sources
- Otis Third-Quarter 2026 Results: https://www.prnewswire.com/news-releases/otis-reports-third-quarter-2026-results-302921987.html