APTV · 10-Q · 2026Q3

Aptiv PLC

Filed 2026-11-03 · Automotive · View original filing on EDGAR

Everything APTV's SEC filings said, ranked

Ranked Events

• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Aptiv completed the separation of its Electrical Distribution Systems business into Versigent on April 1, 2026, distributing all Versigent ordinary shares pro rata to Aptiv shareholders and receiving a $1.9 billion…
• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Net cash provided by operating activities from continuing operations was $402 million for the nine months ended September 30, 2026, down from $853 million in the comparable 2025 period, a 53% decrease. The 2026 cash…
• Capital Return ProgramImportance 69 · Surprise 64
  Aptiv paid $558 million to repurchase ordinary shares during the nine months ended September 30, 2026, compared with $96 million in the same 2025 period. Financing activities also included $282 million of cash…
• Restructuring and HeadcountImportance 60 · Surprise 74
  Aptiv recorded restructuring charges of approximately $8 million in the third quarter and $48 million in the first nine months of 2026, down from $39 million and $88 million, respectively, in 2025. The company expects…
• Goodwill Impairment RiskImportance 58 · Surprise 42
  In the third quarter of 2026, Aptiv identified potential goodwill impairment indicators, primarily due to a decline in its market capitalization, and assessed all reporting units; none had an impairment. The…
• Debt Redemption and LiquidityImportance 58 · Surprise 42
  Using the $1.9 billion cash distribution received from Versigent, Aptiv redeemed $1.446 billion principal amount of notes in April 2026 for approximately $1.377 billion, including accrued interest, and recorded a $55…
• Capital Expenditures and Cash FlowImportance 47 · Surprise 22
  Capital expenditures were $404 million for the nine months ended September 30, 2026, compared with $366 million in the same 2025 period, an increase of approximately 10.4%. Net cash used in investing activities from…
• Income Tax Rate ChangesImportance 45 · Surprise 64
  Aptiv recorded net discrete tax benefits of $8 million and $15 million for the three and nine months ended September 30, 2026, respectively, primarily from benefits associated with intangible-asset impairment charges…
• Mexico Labor RegulationImportance 42 · Surprise 40
  Mexico implemented statutory minimum-wage increases of approximately 13% (5% in the Northern Border Zone) effective January 1, 2026, following a 12% increase effective January 1, 2025. The government has indicated it…
• OECD Global Minimum TaxImportance 40 · Surprise 42
  On January 15, 2025, the OECD issued Administrative Guidance amending the Pillar Two Framework, which provides for a minimum effective tax rate of 15% in adopting jurisdictions. The Guidance eliminates the tax basis of…
• Customer DynamicsImportance 38 · Surprise 24
  Aptiv reported sales to Versigent of approximately $207 million in the three months ended September 30, 2026 and $408 million in the nine months ended September 30, 2026. Versigent is the former Electrical Distribution…
• Balance Sheet and LiquidityImportance 37 · Surprise 6
  At September 30, 2026, Aptiv reported $670 million of cash and cash equivalents and $4.7 billion of net debt. Total available liquidity was $3.180 billion, including $1.998 billion of unused revolving-credit-facility…
• Gross Margin DriversImportance 36 · Surprise 40
  Total gross margin was 21.6% in the third quarter of 2026, down from 23.0% in the third quarter of 2025, and was 22.5% for the first nine months of 2026 versus 22.8% a year earlier. Intelligent Systems’ third-quarter…
• Supply Chain ConstraintsImportance 32 · Surprise 24
  Aptiv says supply-chain disruptions can interrupt production and limit its ability to meet OEM vehicle-production demand. It is carrying critical inventory and procuring productive, raw-material, and non-critical…
• Market Demand TrendsImportance 31 · Surprise 32
  Aptiv’s volumes increased 2% in both the third quarter and first nine months of 2026, while global automotive production declined 2% and 1%, respectively; on an Aptiv-weighted-market basis, production was down 1% in…
• Motional Joint VentureImportance 28 · Surprise 42
  Aptiv and Hyundai formed Motional AD LLC in March 2020 to develop and commercialize autonomous-driving technologies. Because the timeline for commercially viable autonomous vehicles has extended and remains uncertain,…
• Intangible Asset ImpairmentImportance 28 · Surprise 42
  Amortization expense increased in the three- and nine-month periods ended September 30, 2026 compared with 2025. The increase included $56 million of intangible asset impairment charges recorded in the third quarter of…
• Operating Margin DriversImportance 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…
• Competition and Pricing PressureImportance 24 · Surprise 14
  Aptiv says OEM cost-cutting and contractual price step-downs create ongoing downward pricing pressure, with supply agreements typically reducing component prices by 1% to 3% over production periods. It relies on…
• China Market CommentaryImportance 24 · Surprise 40
  Aptiv reports a strong local presence and major manufacturing base in China, with operations and sales there in each continuing business segment. Chinese automotive production grew 10% in 2025, following 4% growth in…

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