Aptiv Swings to Third-Quarter Profit From a Year-Ago Loss

The Tip Desk · November 3, 2026 · 3 min read

Third-quarter 2026 revenue rose 2% to $3.2 billion, while GAAP net income from continuing operations was $194 million, or $0.94 a share, after a year-earlier $488 million loss that included a $648 million goodwill impairment.

Aptiv PLC (APTV), a global industrial technology company, reported U.S. GAAP revenue of $3.2 billion, up 2% year over year, and U.S. GAAP net income from continuing operations of $194 million, or $0.94 a share, for the three months ended September 30, 2026, after a year-earlier loss of $488 million that included a $648 million goodwill impairment.

Adjusted net income was $292 million, or $1.42 a share, compared with $321 million, or $1.48 a share, a year earlier. Adjusted EBITDA was $567 million, or a 17.7% margin, compared with $598 million, or a 19.1% margin, a year earlier. Second-quarter adjusted EBITDA had been $613 million at an 18.7% margin.

U.S. GAAP revenue was $3.2 billion, up 2% from the year-earlier period, with adjusted revenue growth also 2%, matching the second-quarter 2% GAAP and 2% adjusted growth rates. Regional mix shifted from the prior quarter: North America grew 5% and Asia Pacific 5%, including 1% in China, and South America 3%, while EMEA declined 5%, versus second-quarter growth of 10% in North America, 6% in Asia Pacific including 5% in China, and declines of 8% in EMEA and 4% in South America.

Engineered Components net sales were $1.84 billion, up 7% year over year, with adjusted EBITDA of $387 million, up 2%. Intelligent Systems net sales were $1.40 billion, down 3%, with adjusted EBITDA of $180 million, down 18%. Depreciation and amortization expense totaled $247 million, including $56 million of non-cash intangible asset impairments, compared with $193 million a year earlier. Interest expense was $59 million, compared with $88 million. Tax expense was $36 million, compared with $59 million. Net cash provided by operating activities from continuing operations was $320 million, with free cash flow of $194 million.

Chair and chief executive officer Kevin Clark said the company delivered solid financial results and continued to execute against strategic priorities, citing a differentiated portfolio and a resilient supply chain. He said strong non-automotive revenue and bookings growth reflected the applicability of products across new and existing end markets, and that the company remains focused on investing in long-term growth and returning capital to shareholders.

The company repurchased and retired 4.7 million shares for $233 million in the third quarter, bringing year-to-date buybacks to $558 million. As of September 30, 2026, $1.6 billion remained available under the existing authorization.

Fourth-quarter 2026 guidance is net sales of $3.11 billion to $3.21 billion, U.S. GAAP net income from continuing operations of $197 million to $237 million, adjusted EBITDA of $582 million to $642 million, and adjusted net income per share of $1.35 to $1.55. Full-year 2026 guidance is net sales of $12.65 billion to $12.75 billion, adjusted EBITDA of $2.31 billion to $2.37 billion, and adjusted net income per share of $5.60 to $5.80. The full-year figures reflect Aptiv without the Electrical Distribution Systems business on a pro forma basis.