Aptiv Cuts Full-Year Guidance After Q2 Miss; Spin-Off Completed, Debt Reduced
APTV is trading near its 52-week low of $46.415 (2.9% above the low) on elevated volume (4.6× avg).
Summary
Aptiv's Q2 results missed expectations and the company cut full-year guidance, sending shares down 15.6%. The spin-off of its Electrical Distribution Systems business was completed, providing $1.9 billion to reduce debt.
Key Events · Earnings and Guidance · APTV
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Q2 Revenue Misses, Guidance Slashed
Q2 revenue of $3.3 billion (+2% YoY) and adjusted EPS of $1.63 missed expectations. Full-year EPS guidance cut to ~$5.70 from ~$5.90, and revenue forecast reduced to $12.6B–$12.8B from $12.8B–$13.2B, citing $150M in China headwinds.
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Stock Plunges 15.6%
Shares fell 15.6% on the day of the release, reflecting the magnitude of the guidance cut and demand concerns.
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Versigent Spin-Off Completed
The Electrical Distribution Systems business was spun off as Versigent on April 1, 2026. Aptiv received a $1.9 billion cash distribution, which was used to redeem senior notes and reduce debt.
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Debt Reduced by $2.1 Billion
Total debt fell to $5.4 billion from $7.5 billion at year-end 2025, driven by the Versigent distribution and tender offers. Interest expense dropped to $62 million from $92 million a year ago.
Analysis · APTV · Manufacturing
Aptiv reported Q2 revenue of $3.3 billion, up 2% year-over-year, but slashed its full-year EPS guidance to ~$5.70 from ~$5.90 and revenue to $12.6B–$12.8B from $12.8B–$13.2B, citing $150 million in headwinds from softer China demand. The stock fell 15.6% on the news. The quarter also reflects the completed spin-off of the Electrical Distribution Systems business into Versigent, which generated a $1.9 billion cash distribution used to pay down debt. While the balance sheet improved, the guidance cut signals weakening end-market demand that outweighs the benefits of the restructuring.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.5% of the 1062 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.61%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, APTV was trading at $47.77 on NYSE in the Manufacturing sector, with a market capitalization of approximately $10.1B. The 52-week trading range was $46.42 to $78.49. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.