The High Luminosity LHC (HL-LHC) is expected to deliver an integrated luminosity of $3000-4000\;$fb$^{-1}$ after 10 years of operation with peak instantaneous luminosity reaching about $5-7.5\times10^{34}$cm$^{-2}$s$^{-1}$. During Long Shutdown 3, several components of the CMS detector will undergo major changes, called Phase-2 upgrades, to be able to operate in the challenging environment of the HL-LHC. The current CMS silicon strip tracker has to be replaced with a new detector. The Phase-2 Outer Tracker (OT) will have high radiation tolerance, higher granularity and the capability to handle higher data rates. Another key feature of the OT will be to provide tracking information to the Level-1 trigger, allowing trigger rates to be kept at a sustainable level without sacrificing physics potential. For this, the OT will be made out of modules which have two closely spaced sensors read out by front-end ASICs, which can correlate hits in the two sensors creating short track segments, called stubs. The stubs will be used for tracking in the L1 track finder. In this contribution, the design of the CMS Phase-2 OT, the technological choices and first results with prototype devices are reported.