Otis Worldwide Corp's stock experienced a pre-market plunge of 5.08% following the release of its fourth-quarter financial results, which fell short of analyst expectations.

The elevator maker reported Q4 sales of $3.80 billion, missing the consensus estimate of approximately $3.88 billion. Adjusted earnings per share for the quarter came in at $1.03, also slightly below the estimated $1.04. The revenue shortfall was primarily driven by a decline in New Equipment sales, with significant decreases noted in both China and the Americas, despite growth in the Service segment.

The company provided its outlook for 2026, forecasting organic sales growth in the low-to-mid single digits and adjusted EPS growth in the mid-to-high single digits. However, the immediate market reaction focused on the quarterly miss, leading to the sharp decline in share price during pre-market trading.