Aptiv (NYSE:APTV) Issues Earnings Results, Beats Estimates By $0.21 EPS

Aptiv (NYSE:APTV) issued its quarterly earnings data on Tuesday. The auto parts company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.21, Zacks reports. Aptiv had a return on equity of 17.83% and a net margin of 1.77%.The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business earned $2.12 earnings per share. Aptiv updated its FY 2026 guidance to 5.600-5.800 EPS and its Q3 2026 guidance to 1.250-1.350 EPS.

Here are the key takeaways from Aptiv’s conference call:

• Aptiv lowered its 2026 guidance, reducing midpoint revenue expectations by $300 million to $12.7 billion and forecasting adjusted EPS of $5.70. The revisions reflect weaker China production schedules, delayed program launches and ramps, and timing of enterprise software sales.
• Second-quarter revenue rose 2% to $3.3 billion, while adjusted EBITDA margin expanded 10 basis points to 18.6%. North America and Asia-Pacific growth helped offset an 8% revenue decline in Europe and a 1% decline in automotive revenue.
• Non-automotive revenue grew 12%, with momentum in diversified industrials, aerospace and defense, software and services, energy storage, robotics, drones and data centers. Aptiv expects robotics and drone revenue to reach approximately $300 million annually over the next few years, and cited a drone award with more than $500 million in lifetime revenue potential.
• Aptiv reported $5 billion of second-quarter bookings and $10 billion year to date, keeping it on track toward its $20 billion full-year target. The company also repurchased $250 million of shares in the quarter and plans to exceed $600 million in repurchases for 2026.

Aptiv Stock Performance

Shares of Aptiv stock opened at $57.21 on Tuesday. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.98. Aptiv has a 52 week low of $51.68 and a 52 week high of $88.93. The firm’s 50 day moving average is $62.11 and its two-hundred day moving average is $66.54. The firm has a market capitalization of $12.11 billion, a P/E ratio of 33.85, a P/E/G ratio of 1.05 and a beta of 1.46.

Analysts Set New Price Targets

A number of research firms have recently weighed in on APTV. JPMorgan Chase & Co. lowered their price target on Aptiv from $84.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, July 10th. Wells Fargo & Company lowered their target price on shares of Aptiv from $82.00 to $77.00 and set an “overweight” rating for the company in a research note on Thursday, June 25th. Fox Advisors dropped their price target on shares of Aptiv from $110.00 to $70.00 in a research report on Friday, May 8th. Evercore reduced their price target on shares of Aptiv from $100.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of Aptiv from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Twenty-two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.50.

Insider Buying and Selling

In related news, EVP Katherine H. Ramundo sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $78.30, for a total value of $156,600.00. Following the completion of the sale, the executive vice president directly owned 163,752 shares of the company’s stock, valued at $12,821,781.60. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in APTV. Balyasny Asset Management L.P. raised its position in Aptiv by 6,711.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,434,076 shares of the auto parts company’s stock worth $97,833,000 after buying an additional 1,413,022 shares during the last quarter. Man Group plc boosted its holdings in shares of Aptiv by 155.8% in the third quarter. Man Group plc now owns 2,045,025 shares of the auto parts company’s stock valued at $176,322,000 after acquiring an additional 1,245,533 shares in the last quarter. Boston Partners increased its stake in shares of Aptiv by 29.2% during the third quarter. Boston Partners now owns 4,194,909 shares of the auto parts company’s stock worth $361,385,000 after acquiring an additional 948,327 shares during the period. Adage Capital Partners GP L.L.C. purchased a new position in Aptiv during the fourth quarter worth about $57,075,000. Finally, Caisse de depot et placement du Quebec raised its holdings in Aptiv by 207.5% during the fourth quarter. Caisse de depot et placement du Quebec now owns 839,702 shares of the auto parts company’s stock worth $63,893,000 after purchasing an additional 566,661 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.