Aptiv Q3 2026 Beats Revenue and EPS Estimates but Issues Soft Full-Year and Q4 Guidance

Aptiv PLC reported third-quarter 2026 results on November 3, beating top- and bottom-line expectations while delivering mixed segment performance. Revenue came in at $3.2 billion, up 2% year-over-year and ahead of the $3.17 billion consensus estimate. Adjusted EPS of $1.42 topped the $1.33 estimate by roughly 7%, though it still represented a 4% decline from the prior-year period. Adjusted EBITDA of $567 million was essentially in line with the $566 million estimate but fell 5% year-over-year. GAAP net income from continuing operations was $194 million, or $0.94 per diluted share.

Segment results were split. Engineered Components revenue rose 7% year-over-year to $1.84 billion, well ahead of the $1.75 billion estimate. Intelligent Systems revenue fell 3% year-over-year to $1.40 billion, missing the $1.45 billion estimate. Management cited strong non-automotive revenue and bookings growth as evidence of the company's ability to expand across new and existing end markets.

Operating cash flow for the quarter was $320 million and free cash flow was $194 million. Aptiv repurchased 4.7 million shares for $233 million during Q3, leaving $1.6 billion remaining under its buyback authorization.

Guidance was the softer note in the report. For the full year 2026, Aptiv projected revenue of $12.65 billion to $12.75 billion, adjusted EPS of $5.60 to $5.80 against a $5.82 consensus, and adjusted EBITDA of $2.31 billion to $2.37 billion, bracketing the $2.36 billion estimate. For Q4, the company guided revenue of $3.11 billion to $3.21 billion versus a $3.20 billion estimate, adjusted EPS of $1.35 to $1.55 against a $1.62 estimate, and adjusted EBITDA of $582 million to $642 million compared to a $628 million consensus expectation.