APTV · 10-Q · 2026Q2

Aptiv PLC

Filed 2026-08-04 · Automotive · View original filing on EDGAR

Ranked Events

• Income Tax Rate ChangesImportance 71 · Surprise 82
  Aptiv’s effective tax rate for the three and six months ended June 30, 2026 included discrete tax benefits of approximately $5 million and $7 million, primarily from prior-year true-ups. By comparison, the first six…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Aptiv completed the separation of its Electrical Distribution Systems business into Versigent on April 1, 2026 and distributed all Versigent ordinary shares pro rata to Aptiv shareholders. Aptiv received an…
• Debt Redemption and LiquidityImportance 64 · Surprise 42
  As of June 30, 2026, Aptiv held $761 million of cash and cash equivalents and reported net debt of $4.6 billion. Total available liquidity was $3.271 billion, including $1.998 billion of unused revolving-credit…
• Mexico Labor RegulationImportance 56 · Surprise 58
  Mexico implemented statutory minimum-wage increases of approximately 13% in 2026 and 12% in 2025, with the 2026 increase reduced to 5% in the Northern Border Zone. Mexico may also shorten the standard work week from 48…
• Trade Policy and TariffsImportance 53 · Surprise 60
  Beginning April 2, 2025, the U.S. announced tariffs of at least 10% on imported goods from all countries, with higher rates for certain countries, and other countries announced retaliatory tariffs or negotiated trade…
• Capital Return ProgramImportance 50 · Surprise 24
  Aptiv’s July 2024 Board authorization permits up to $5.0 billion of ordinary-share repurchases. During the six months ended June 30, 2026, Aptiv repurchased approximately 5.1 million shares for $325 million in…
• Revenue Performance and MixImportance 49 · Surprise 32
  Aptiv’s total net sales increased to $3.274 billion in the second quarter of 2026 from $3.199 billion in the second quarter of 2025, and increased to $6.306 billion for the first six months from $6.186 billion.…
• Headcount / RestructuringImportance 46 · Surprise 42
  Aptiv recorded employee-related and other restructuring charges of approximately $24 million in the second quarter and $40 million in the first six months of 2026. The company expects approximately $45 million of…
• Gross Margin DriversImportance 37 · Surprise 32
  Total gross margin increased to 23.7% in the second quarter of 2026 from 22.9% in the second quarter of 2025 and to 22.9% for the first six months from 22.7%. Engineered Components gross margin improved to 27.6%…
• Manufacturing and CapacityImportance 34 · Surprise 42
  Aptiv is rotating its manufacturing footprint toward best-cost locations, reducing global overhead and aligning capacity with regional automotive production. Approximately 83% of its hourly workforce was located in…
• Supply Chain ConstraintsImportance 32 · Surprise 24
  Aptiv continues to carry critical inventory and procure productive, raw-material and non-critical components to satisfy OEM vehicle-production schedules. Productive, raw and component-material inventories were…
• Competition and Pricing PressureImportance 31 · Surprise 6
  The automotive technology and components industry is highly competitive, with rapidly changing technology, evolving standards and new entrants from outside the traditional automotive supply industry. OEM cost-cutting…
• Geographic Market CommentaryImportance 31 · Surprise 32
  Second-quarter and year-to-date volume growth was concentrated in North America and Asia Pacific, partially offset by declines in Europe. Aptiv has operations and sales in China across each business segment, supported…
• Operating Margin DriversImportance 26 · Surprise 24
  Adjusted Operating Income for the three months ended June 30, 2026 was affected by $54 million of volume impacts, including contractual price reductions net of price recoveries, together with product mix and…
• Macroeconomic Factors ImpactImportance 20 · Surprise 24
  Global inflationary pressures continued in 2026, reducing consumer demand for vehicles and increasing Aptiv’s input costs, which adversely affected sales and profitability. Economic weakness or volatility in North…
• Products and TechnologyImportance 16 · Surprise 6
  Aptiv’s Intelligent Systems segment provides software and services, intelligent sensors and high-performance compute platforms, while Engineered Components provides connection systems, high-performance interconnects,…

Revenue by Product (in millions)

Revenue by Geography (in millions)