Otis Beats Q1 Revenue, EPS Misses $0.01

Otis posted Q1 revenue $3.6 bn, up 6% YoY and beating the $3.52 bn estimate.
Adjusted EPS fell to $0.89, missing consensus $0.90 by $0.01, while operating margin slipped 130 bps to 15.4%.
Service revenue rose 11% to $2.4 bn (organic sales +5%); repair sales jumped 16% with organic repair up ~10%.
FY2026 revenue guidance $15.1‑$15.3 bn (midpoint $15.2 bn) above consensus, but EPS guidance $4.20‑$4.24 (mid $4.22) below consensus.