Aptiv Q3 2026: adjusted EPS beats, but margins and the Q4 sales guide slip
Aptiv beat the $1.35 adjusted EPS consensus with $1.42 on record third-quarter revenue of $3.20 billion, yet the profit engine is decelerating: adjusted EBITDA margin fell to 17.7% from 19.1% and the Q4 sales midpoint sits below what was just reported. Read the beat and the margin squeeze together — that pairing is the whole quarter.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $0.94 against a $1.63 loss a year ago that carried a $648 million goodwill impairment charge. Adjusted EPS of $1.42 beat the $1.35 consensus by $0.07, but still trails the $1.48 posted in the prior-year quarter. The gap between GAAP and adjusted is mostly amortization and restructuring.
Revenue of $3.20 billion rose 2.3% from $3.13 billion a year earlier and came in $29 million above the $3.17 billion guidance midpoint. Currency and commodity movements added nothing, so the 2% adjusted growth is essentially volume. North America and Asia Pacific did the lifting, with EMEA shrinking 5%.
Management guides Q4 net sales to $3.11–$3.21 billion, a $3.16 billion midpoint that is 1.2% below the $3.20 billion just delivered. Full-year adjusted EPS of $5.60–$5.80 implies roughly $1.44 in Q4 at the midpoint, only a hair above Q3's $1.42. Translated: no sequential momentum is being promised.
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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 2026-11-03
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