Aptiv Q2 2026: adjusted EPS $1.63 beats, but free cash flow shrinks
Aptiv's first quarter as a slimmed-down company beat on profit: adjusted EPS of $1.63 topped the $1.46 consensus, gross margin rose to 23.7%, and revenue grew 2% to $3.27 billion. The soft spot is cash — free cash flow fell to $12 million from $219 million a year ago. Read the profit beat and the cash drain together; both are real.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $1.17, but that figure carries a $0.23 per-share loss from discontinued operations, meaning the business Aptiv kept earned $1.40 a share. Adjusted EPS of $1.63 beat the $1.46 consensus by $0.17, or roughly 12%. Watch the data flags: the filed tags show net income of $248 million and EPS of $1.17, while the headline continuing-operations figures are $298 million and $1.40 — same quarter, two different definitions.
Revenue of $3.27 billion rose 2% from $3.20 billion a year ago, and adjusted for currency and commodity swings it also grew 2%. Gross margin was 23.7%, up from 22.9% a year ago, so the top line grew modestly while each dollar of sales became more profitable. Growth came from North America (+10%) and Asia Pacific (+6%, including China +5%), while EMEA fell 8% and South America fell 4%.
Q3 revenue guidance of $3.12–$3.22 billion has a $3.17 billion mid-point, about 3% below this quarter's $3.27 billion. Full-year net sales guidance of $12.60–$12.80 billion implies roughly $6.39 billion in the second half, above the $6.31 billion booked in the first half, so management is not guiding for a cliff. Full-year adjusted EPS guidance of $5.60–$5.80 compares with $2.56 earned in the first half, and free cash flow guidance of $625–$725 million compares with negative $196 million year-to-date.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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