Aptiv PLC will release its third quarter 2026 financial results on November 3, 2026, prior to market open. The global industrial technology leader will announce the earnings via a press release on its Investor Relations website.

Investor call details

The company will host an investor call on the same day at 8:00 am ET. The session will be led by Kevin Clark, Chair and Chief Executive Officer, and Varun Laroyia, Executive Vice President and Chief Financial Officer. Live webcast links and presentation materials will be available on the company's investor relations portal.

Participation instructions

Investors can join the conference call by dialing +1-800-330-6710 (US) or +1-213-279-1505 (International). Participants should call 15 minutes before the start time and request to be connected to the Aptiv PLC conference call using ID 2198543. A replay of the call will be accessible two hours after the live event concludes.

Aptiv (NYSE: APTV) reported 2% adjusted revenue growth for the second quarter of fiscal year 2026, driven by double-digit expansion in non-automotive sectors. Despite this growth, the company lowered its full-year guidance due to prolonged sales weakness in the domestic China market and reduced export schedules from European OEMs.

Financial Performance

Revenue reached $3.3 billion, just shy of the midpoint of prior guidance. Adjusted EBITDA totaled $613 million, reflecting a 10 basis point margin expansion. Earnings per share (EPS) rose to $1.63, an increase of $0.12 from the pro forma results of the previous year. Free cash flow recorded an outflow of $33 million, primarily due to approximately $70 million in one-time separation costs associated with the Versigen spinoff.

Regional and Segment Dynamics

Regional performance was mixed, with North America growing 10% and Asia Pacific increasing 6%. In contrast, Europe saw an 8% decline, driven by volume pressures from select luxury OEMs. The Intelligent Systems segment remained flat in revenue, impacted by European weakness and a supplier fire affecting a North American customer. Engineered Components grew 3%, supported by double-digit non-auto growth in diversified industrials and aerospace.

Non-automotive revenues grew 12%, highlighting the company's diversification strategy. Key awards included a Gen8 radar contract from Volvo Cars and a significant drone program award valued at over $500 million in lifetime revenue. Year-to-date new business awards totaled $10 billion, keeping Aptiv on track for its $20 billion annual target.

Guidance Revision

Management revised full-year 2026 expectations downward, citing a $300 million reduction at the midpoint of revenue guidance. This adjustment stems from three primary factors:

1. Customer Schedule Changes: Approximately $150 million related to weak domestic China demand and reduced exports from European OEMs.
2. Program Delays: $100 million from delayed ramps in China and a delayed launch with a European OEM.
3. Software Timing: $50 million from timing shifts in enterprise software sales.

The revised full-year outlook projects revenue between $12.6 billion and $12.8 billion, with adjusted EPS of $5.60 to $5.80. Free cash flow is expected to range from $625 million to $725 million.

What the Numbers Show

The divergence between segment margins reveals a strategic trade-off inherent in Aptiv's diversification push. While consolidated adjusted EBITDA margin expanded by 10 basis points, the Intelligent Systems segment saw a 120 basis point decline. This drop is attributed to investments in non-automotive capabilities and stranded costs following the Versigen spinoff. Conversely, Engineered Components expanded margins by 100 basis points. This indicates that near-term profitability in the software-heavy Intelligent Systems unit is being sacrificed to capture higher-margin opportunities in robotics and drones, which management expects to contribute $300 million in annual revenue in the future.