Filing Flows › Otis Worldwide (OTIS) › Q2 2026 › vs Q1 2026
Otis Worldwide (OTIS) Q2 2026 vs Q1 2026 (quarter over quarter)
Otis Worldwide's revenue rose $293M (+8%) from $3.6B in Q1 2026 to $3.9B in Q2 2026. The biggest changes: Service sales +$163M (+7%); Product +$130M (+11%). Operating margin 14.9% against 15.1% (-0.2 pts).
Otis Worldwide, Q2 2026: revenue $3.9B (+7% year over year), operating margin 14.9%, net earnings $428M, operating cash flow $267M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 14.9% | 15.1% | -0.2 pts |
| Net margin | 11.1% | 9.5% | +1.6 pts |
| Free cash flow margin | 5.8% | 10.7% | -4.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Service sales | $2.6B | $2.4B | $163M | +7% |
| Product | $1.3B | $1.1B | $130M | +11% |
| Revenue | $3.9B | $3.6B | $293M | +8% |
| Operating profit | $575M | $539M | $36.0M | +7% |
| Costs & expenses | $3.3B | $3.0B | $257M | +8% |
| Pre-tax earnings | $547M | $480M | $67.0M | +14% |
| Other expense, net | $28.0M | $59.0M | −$31.0M | -53% |
| Research & development | $39.0M | $38.0M | $1.0M | +3% |
| SG&A | $520M | $510M | $10.0M | +2% |
| Other operating costs | $2.7B | $2.5B | $246M | +10% |
| Net earnings | $428M | $340M | $88.0M | +26% |
| Minority interests | $21.0M | $13.0M | $8.0M | +62% |
| Income tax | $98.0M | $127M | −$29.0M | -23% |
| Depreciation & amortization | $42.0M | $41.0M | $1.0M | +2% |
| Share-based compensation | $20.0M | $19.0M | $1.0M | +5% |
| Working capital & other | $223M | −$13.0M | $236M | — |
| Operating cash flow | $267M | $413M | −$146M | -35% |
| Free cash flow (OCF − capex) | $223M | $380M | −$157M | -41% |
| Capital expenditures | $44.0M | $33.0M | $11.0M | +33% |
Questions
How much did Otis Worldwide's revenue grow quarter over quarter in Q2 2026?
Otis Worldwide's revenue rose $293M (+8%) from $3.6B in Q1 2026 to $3.9B in Q2 2026.
What drove Otis Worldwide's revenue change in Q2 2026?
Service sales +$163M (+7%); Product +$130M (+11%).