Revenue Growth Across the Business
Otis grew total revenue by 6.4% year-over-year to $3.566B in Q1 FY2026, compared to $3.350B in the prior-year period, reflecting continued demand in its elevator and escalator segments.
Otis Worldwide Corp is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Otis delivered a strong Q1 FY2026 with revenue up 6.4% to $3.57B, operating income surging 31.1% to $539M, and net income jumping 39.9% to $340M, driven by significant margin expansion and robust cash flow generation.
Drawn from management commentary in the Q1 2026 10-Q:
Otis grew total revenue by 6.4% year-over-year to $3.566B in Q1 FY2026, compared to $3.350B in the prior-year period, reflecting continued demand in its elevator and escalator segments.
Operating margin expanded approximately 284 basis points year-over-year, rising from 12.3% to 15.1%, as operating income grew 31.1% to $539M — well outpacing revenue growth and indicating strong operating leverage.
Operating cash flow more than doubled year-over-year, rising 117.4% to $413M from $190M, while investing cash flow turned positive at $15M versus an outflow of $161M in the prior period, reflecting improved working capital management.
Revenue
$3.57B
++6.45% YoY
EPS (Basic)
$0.88
++44.26% YoY
Operating Income
$539M
++31.14% YoY
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