Otis Worldwide - WI

Q2 FY2026 EarningsQ2 FY26 revenue reached $3.86B, up 7.3% YoY, led by a 9% organic increase in the Service segment which now accounts for 66.9% of total sales. Service modernization drove exceptional organic growth of 24%, while New Equipment declined 1% organically due to a high-teens drop in China. Operating margin fell 30bps to 14.9%, impacted by organizational initiative costs and labor inflation, though net income attributable to the company rose 8.9% to $428M. Diluted EPS reached $1.12, supported by $400M in share repurchases during the quarter.