Otis Q1 2026: Beating Estimates, Eyeing Service Growth

Otis Q1 2026 earnings exceeded expectations with $3.57 billion in revenue, a 6.4% increase from last year. Adjusted EBITDA also surpassed estimates at $599 million. Despite a 1% organic revenue growth miss, operating margins jumped to 15.1%. The company is investing in field teams and sales to boost quality and customer retention. Shares dropped due to the organic growth shortfall, despite strong modernization orders and a 30% backlog increase. Otis is betting on mid- to high single-digit service growth, AI pricing tools, and backlog conversion to lift margins by year-end. However, risks remain from China weakness and Middle East project delays. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f4575ed4cdc2c5d0