Short answer
Otis Worldwide (OTIS) filed its Q1 2026 10-Q quarterly report on Apr 23, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $3.6B (up 6.4% year over year) with net income of $340M.
Q1 2026 key financials · XBRL
- Revenue
- $3.6B
- +6.4% YoY
- Net income
- $340M
- +39.9% YoY
- Operating margin
- 15.1%
- EPS (diluted)
- $0.87
- +42.6% YoY
Source: XBRL data from the Otis Worldwide (OTIS) Q1 2026 10-Q on SEC EDGAR. USD.
Otis Worldwide Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $3,566M, up 6% YoY from $3,350M; organic volume up 1%
- Consolidated operating margin 15.1% vs 12.3%; gross margin 30.3% vs 29.9%
- Best segment Service revenue $2,417M, up 11%; operating profit $556M, margin 23.0% vs 24.6%
- Worst segment New Equipment revenue $1,149M, down 1%; operating profit $38M, margin 3.3% vs 5.7%
- Cash $834M vs $1,096M; operating cash flow $413M vs $190M; financing cash outflow $694M
- Headwinds: tariffs, high interest rates, tighter credit, demand risks, order delays and supplier constraints
Risk Factors
- No risk-factors section provided; filing text contains only Items 2, 5, 6 and signatures
- No newly added risk factor or stated changes from the most recent 10-K
- Share-repurchase authorization reduced to $900 million as of March 31, 2026
- Executive leadership changes documented through January 2026 employment agreements
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Otis Worldwide quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.