Aptiv APTV Q2 2026: EPS beats by 14%, margin climbs after Versigent spin-off
As seen on the 24/7 Wall St. homepage on August 4, 2026.
First quarter as a slimmer Aptiv lifted adjusted EBITDA margin to 18.7% from 17.1%, with interest expense down to $62 million after the Versigent spin-off proceeds retired notes. Revenue came in just under expectations, while management raised the profile of non-automotive work with a July drone market win. Full-year adjusted EPS guidance of $5.60 to $5.80 is next.
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Aptiv's first full quarter as a leaner, post-spin-off company showed meaningful margin improvement. Adjusted EBITDA margin rose to 18.7% from 17.1% a year earlier, and interest expense fell to $62 million as proceeds from the Versigent spin-off were used to retire notes. Adjusted EPS came in at $1.63, beating the $1.43 consensus estimate by about 14%.
The top line was a modest miss, with revenue of $3.27 billion falling just short of the roughly $3.32 billion analysts had expected — a gap of about 1.3%. That revenue shortfall was the one soft spot in an otherwise solid report, and management moved to reframe the growth story by highlighting a drone market win in July as evidence of how Aptiv is broadening its business beyond traditional automotive customers.
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Looking ahead, management issued full-year adjusted EPS guidance of $5.60 to $5.80. The Q2 result of $1.63 continues a streak of above-consensus EPS prints that stretches back through Q3 2024, though the magnitude of the beats has varied quarter to quarter. Investors will now be watching whether the non-automotive push translates into revenue that can close the gap with Wall Street expectations.
Mentioned: APTV