Otis reports six percent sales growth for third quarter 2026

Otis Worldwide Corp. announced a six percent rise in net sales for the third quarter of 2026, with organic sales also growing by six percent. The performance was anchored by strength in the service segment, which saw high single-digit net sales growth, while the new equipment division reported low single-digit gains.

The company noted a sequential improvement in operating profit margins within its service business. This segment remains a focal point for Otis as it continues to expand its maintenance portfolio, which provides a consistent revenue stream compared to the cyclical nature of new installation projects.

Despite fluctuating market conditions in the construction sector, Otis maintained its full-year outlook. The company continues to prioritize its service-first strategy to offset potential volatility in the global equipment market.