Key Highlights

  • Adjusted EPS of USD 1.42 beat the consensus estimate of USD 1.33, while GAAP diluted EPS was USD 0.94.
  • Revenue of USD 3.2 billion rose 2%, edging above the consensus estimate of USD 3.17 billion.
  • Engineered Components sales rose 7% to USD 1.835 billion, while Intelligent Systems sales fell 3%.
  • Full year adjusted EPS guided to USD 5.60 to 5.80, with free Cash Flow of USD 625 to 675 million.

Aptiv PLC (NYSE:APTV) reported third quarter 2026 Revenue of USD 3.2 billion, up 2% from the prior year period and above a consensus estimate of USD 3.17 billion. Adjusted Net Income per share was USD 1.42 against a consensus estimate of USD 1.33, compared with USD 1.48 in the same quarter a year earlier. GAAP Diluted Earnings per Share from continuing operations were USD 0.94, versus a loss of USD 2.24 a year earlier, when a non-cash Goodwill Impairment charge of USD 648 million weighed on results. GAAP net income from continuing operations was USD 194 million.

Segment Growth Offset by Lower Intelligent Systems Profit

Engineered Components net sales rose 7% to USD 1.835 billion, and its adjusted EBITDA rose 2% to USD 387 million. Intelligent Systems net sales fell 3% to USD 1.402 billion, and its adjusted EBITDA dropped 18% to USD 180 million from USD 219 million. Consolidated adjusted EBITDA was USD 567 million against USD 598 million a year earlier, and the adjusted EBITDA Margin was 17.7% versus 19.1%. Revenue adjusted for currency, commodities and the spin-off of the EDS Business rose 2%, with growth of 5% in North America and 5% in Asia Pacific, partly offset by a 5% decline in EMEA. Chief Executive Officer Kevin Clark said strong non-automotive revenue and bookings growth shows the reach of the company products across new and existing end markets.

Fourth Quarter and Full Year 2026 Guidance

The company guided fourth quarter net sales to USD 3.11 billion to USD 3.21 billion, adjusted EBITDA to USD 582 million to USD 642 million, and adjusted net income per share to USD 1.35 to USD 1.55. For the full year it guided net sales to USD 12.65 billion to USD 12.75 billion, adjusted EBITDA to USD 2.31 billion to USD 2.37 billion at an 18.4% margin, and GAAP diluted EPS from continuing operations to USD 3.95 to USD 4.15. Cash flow from continuing operations is guided to USD 1.154 billion to USD 1.204 billion for the year, with an adjusted effective tax rate of about 18%.

Fourth Quarter Guidance Against Third Quarter Actuals

The fourth quarter adjusted EBITDA guide of USD 582 million to USD 642 million compares with USD 567 million in the third quarter, and the guided 19.4% margin compares with 17.7%. Guided adjusted EPS of USD 1.35 to USD 1.55 brackets the third quarter figure of USD 1.42. Cash and equivalents stood at USD 670 million at September 30 against USD 1,575 million at year end 2025, while long-term Debt fell to USD 5.332 billion from USD 7.467 billion. The company repurchased USD 233 million of shares in the quarter, with USD 1.6 billion remaining under its authorization.