APTV · 10-Q · 2026Q3 · Full report

Operating Margin Drivers

Aptiv PLC · 2026-11-03 · Importance 25 · Surprise 6

For the third quarter of 2026, Aptiv cited approximately $20 million of reduced SG&A expense in Engineered Components and approximately $35 million in Intelligent Systems, excluding separation costs, impairments and other acquisition and portfolio project costs. Favorable foreign-currency impacts on segment adjusted operating income were $26 million for Engineered Components and $14 million for Intelligent Systems, primarily from the Mexican Peso and Chinese Yuan Renminbi, with the Euro also contributing in Intelligent Systems. For the first nine months, SG&A expense decreased approximately $10 million in Engineered Components and $45 million in Intelligent Systems, with an additional approximately $25 million reduction in Intelligent Systems warranty costs. Favorable currency impacts for the nine-month period were $56 million in Engineered Components and $30 million in Intelligent Systems.

Key facts

• Aptiv’s Engineered Components nine-month 2026 adjusted operating income was affected by $31 million of volume impact, including contractual price reductions net of price recoveries, as well as product mix and operational performance. source
• Aptiv’s Engineered Components nine-month 2026 adjusted operating income benefited from $56 million of favorable foreign-currency impacts, primarily related to the Mexican Peso and Euro. source
• Aptiv’s Intelligent Systems nine-month 2026 adjusted operating income was affected by $72 million of volume impact, including contractual price reductions net of price recoveries, as well as product mix and operational performance. source
• Aptiv’s Engineered Components three-month 2026 adjusted operating income benefited from $26 million of favorable foreign-currency impacts, primarily related to the Mexican Peso and Chinese Yuan Renminbi. source
• Aptiv’s Intelligent Systems three-month 2026 adjusted operating income was affected by $11 million of volume impact, including contractual price reductions net of price recoveries, as well as product mix and operational performance. source
• Aptiv’s Intelligent Systems three-month 2026 adjusted operating income benefited from $14 million of favorable foreign-currency impacts, primarily related to the Mexican Peso, Chinese Yuan Renminbi, and Euro. source
• Aptiv’s Intelligent Systems nine-month 2026 adjusted operating income benefited from $30 million of favorable foreign-currency impacts, primarily related to the Mexican Peso. source
• Aptiv’s Intelligent Systems nine-month 2026 adjusted operating income benefited from approximately $25 million of reduced warranty costs. source