Aptiv PLC Q2 FY26 Results — Earnings Call Analysis
Published 30 May 2026 | Automobile Components | Market Cap: ₹13.5K Cr
- Full-year 2026 adjusted revenue growth expected at midpoint of 4%, with acceleration through the year, driven by program launches and ramp-ups (Page 5, 12). - Aptiv expects full-year 2026 adjusted revenue growth of 4% at the midpoint, with acceleration through the year.
From Aptiv PLC's Q2 FY26 earnings-call transcript · updated 30 May 2026.
Price
₹63.67
Market Cap
₹13.5K Cr
P/E Ratio
35.0
Revenue Rank
Margin Rank
How does Aptiv PLC rank in Automobile Components?
Compare Aptiv PLC against every Automobile Components company this quarter on revenue, margins and earnings-call signals.
📊 Revenue & Sales Performance
Rank 4- →Full-year 2026 adjusted revenue growth expected at midpoint of 4%, with acceleration through the year, driven by program launches and ramp-ups (Page 5, 12).
- →Strong bookings of $5 billion with a $20 billion outlook for New Aptiv by 2026, reflecting confidence in pipeline and next-gen architectures (Page 13).
- →Positive revenue growth in China starting Q2 2026 due to new program launches and normalization after prior headwinds (Page 14).
- →Growth drivers include improved customer mix, especially with top China local OEMs, expansion in APAC ex-China regions (Japan, Korea), and strong nonautomotive market growth (Page 13).
- →Software segment showing solid and strong revenue growth, supporting overall 4%-7% growth guidance (Page 14).
- →Exposure to next-gen ADAS, smart vehicle architectures, and AI-related opportunities expected to contribute to future revenue acceleration (Pages 10, 13).
📈 Profitability & Margins
Rank 2- →Aptiv expects full-year 2026 adjusted revenue growth of 4% at the midpoint, with acceleration through the year.
- →Adjusted EBITDA and EBITDA margin guided to $2.4 billion and 18.6% at midpoint.
- →Adjusted earnings per share (EPS) forecasted between $5.70 and $6.10 for 2026.
- →Q2 2026 adjusted revenue growth expected at 2% midpoint, with adjusted EBITDA of $580 million and margin of 17.6%.
- →EPS for Q2 projected at $1.40 midpoint.
- →Margins expected to improve second half due to program launches and operational performance initiatives despite inflationary pressures.
- →Management confident in offsetting increased input costs primarily via internal performance and partial customer pass-throughs.
- →Strong bookings pipeline of $20 billion by 2026 supports growth visibility.
- →Positive growth in China anticipated starting Q2 2026 and strong growth expected in full year 2026.
🏗️ Capital Expenditure Plans
Yes- →Continued investments in supply chain resiliency for semiconductors, as noted in the 2026 financial guidance.
- →Focused investments in product engineering and go-to-market initiatives, particularly to diversify towards nonautomotive markets.
- →Ongoing investments in key strategic initiatives tied to next-generation end-to-end AI-powered ADAS platforms and robotics applications.
- →Committed to a balanced capital allocation approach that includes bolt-on acquisitions and organic investments to enhance earnings power.
- →Plans to leverage bolt-on M&A opportunities targeted for potential closing in calendar year 2026 to expand into new markets like aerospace, data centers, and industrial sectors.
- →Investments also target enhancing the data center and space product portfolios, building on existing Winchester products in Engineered Components.
- →Share repurchases planned alongside investments, indicating strategic deployment of free cash flow.
💰 Fundraising & Capital Structure
No information- →Aptiv has raised $2.1 billion of gross debt by its EDS subsidiaries, assumed by Versigent on April 1st.
- →Year-to-date, Aptiv has paid down $2.1 billion of debt, including $300 million in Q1 and $1.8 billion in early April.
- →Debt repayment was funded by a $1.65 billion net dividend from Versigent and $400 million cash on hand.
- →Pro forma for the spin-off, New Aptiv's leverage remains consistent with previous levels.
- →Aptiv deployed $75 million toward share repurchases in Q1 and plans to continue share repurchases through the year.
- →The company is committed to a balanced capital allocation approach, focusing on bolt-on acquisitions, investments, and returning excess cash to shareholders.
- →No explicit announcement of new fundraising through debt or equity in this quarter, but ongoing investments and acquisitions are planned.
📋 Order Book & Pipeline
Yes- →Strong new business bookings of $5 billion reported.
- →Confident in $20 billion bookings outlook for New Aptiv by 2026.
- →Bookings growth driven by automotive sector, especially next-gen ADAS, user experience, and smart vehicle architecture programs.
- →Active engagements with China local OEMs and European OEMs supporting overseas manufacturing initiatives.
- →Significant bookings growth also seen in APAC non-China markets like Japan and Korea.
- →Nonautomotive space showing very strong growth with high potential bookings in sectors such as robotics, drones, and data centers.
- →Long funnel of bolt-on M&A opportunities targeted to close in 2026 to further accelerate growth in industrial and nonautomotive segments.
Key Metrics
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Order Book
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Frequently Asked Questions
What were Aptiv PLC Q2 FY26 results?
- Full-year 2026 adjusted revenue growth expected at midpoint of 4%, with acceleration through the year, driven by program launches and ramp-ups (Page 5, 12). - Aptiv expects full-year 2026 adjusted revenue growth of 4% at the midpoint, with acceleration through the year.
What is Aptiv PLC share price analysis?
Aptiv PLC currently shows a neutral. The stock trades at a P/E of 35.0 with a market cap of $13,474. Investors should review the full earnings analysis for detailed insights.
Is Aptiv PLC planning capital expenditure?
- Continued investments in supply chain resiliency for semiconductors, as noted in the 2026 financial guidance.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.