Otis Worldwide stock closes at USD 64.05 as CEO transition takes shape

Published on 10/03/2026 at 22:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Otis Worldwide stock carries a USD 24.4 billion market value after the October 2, 2026 session. Q2 revenue reached USD 3.9 billion, while adjusted EPS guidance stood at USD 4.01 to USD 4.05.

Architektonisches Schnittbild eines Aufzugsschachts mit Technik und Kabinen — Otis Worldwide Corp. (US68902V1070): technisches Schnittbild eines Aufzugsschachts mit Kabinen, Seilen und Gegengewicht, Illustration mit AI erstellt.

Otis Worldwide stock closed at USD 64.05 on the NYSE on October 2, 2026, down 0.67 percent for the session. The move came as investors weighed a planned leadership change against a service business that continues to drive the company. Otis said on September 15, 2026, that Judy Marks will retire as chair, CEO and president when a successor is appointed, expected in the first half of 2027.

Leadership change sets a 2027 deadline

The company said Marks will remain in her current roles through July 31, 2027, if a successor is not appointed earlier. The board has started a search supported by Spencer Stuart and overseen by an independent director committee, according to Reuters on September 15, 2026.

The transition creates a defined governance event rather than an immediate operating change. Marks has been Otis' CEO for seven of her nine years at the company, and the board is considering both internal and external candidates.

Service growth offsets margin pressure

Otis generated USD 3.9 billion of revenue in the second quarter of 2026, up 7 percent year over year, while organic sales increased 6 percent, according to the company's filing summary on StockTitan. Service organic sales rose 9 percent, including 24 percent growth in modernization.

The counterweight was profitability. Adjusted operating margin declined 180 basis points to 15.2 percent, while GAAP earnings per share rose 13 percent to USD 1.12 and adjusted EPS fell 4 percent to USD 1.01 in Q2 2026.

Analyst value estimate falls to USD 73

Simply Wall St reported on October 2, 2026, that its analyst-derived fair value estimate fell from USD 75.00 to USD 73.00. The update cited lower price targets and execution concerns, putting the estimate USD 8.95 above the October 2 closing price.

Otis' full-year 2026 outlook calls for revenue of USD 15.1 billion to USD 15.3 billion and adjusted EPS of USD 4.01 to USD 4.05. The range leaves service execution, margin recovery and the CEO handover as the clearest company-specific markers for the next results cycle.

Otis stock stays below its yearly high

Otis closed at USD 64.05 on October 2, 2026, with a session range of USD 63.58 to USD 64.99, volume of 6,048,328 shares and a 52-week range of USD 63.58 to USD 94.57. Market capitalization was USD 24.4 billion on the same date.