Aptiv Q2 Revenue Hits $3.3B, Adjusted EPS $1.63; Buyback Commitment Strengthens
APTV is trading near its 52-week low of $51.68 (8.4% above the low).
Summary
Aptiv reported Q2 revenue of $3.3 billion, up 2% year-over-year, and adjusted EPS of $1.63, beating the prior year's $1.31. Adjusted EBITDA margin expanded to 18.7% from 17.1%, driven by volume growth and favorable currency impacts. The company completed the spin-off of its Electrical Distribution Systems segment, receiving a $1.9 billion cash dividend used to reduce debt. Management highlighted a commitment to returning capital to shareholders, with half of expected annual cash flow already allocated to share repurchases, a pace expected to continue for several years. Strategic progress includes double-digit growth in non-automotive revenue and a major drone market win in July. Free cash flow was weak at $12 million, down from $219 million a year ago. Aptiv provided guidance for Q3 sales of $3.12-$3.22 billion, adjusted EPS of $1.25-$1.35, and adjusted EBITDA of $545-$575 million. For 2026, the company expects sales of $12.6-$12.8 billion and adjusted EBITDA of $2.31-$2.37 billion.
At the time of this announcement, APTV was trading at $56.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $12.1B. The 52-week trading range was $51.68 to $78.49. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.