Aptiv PLC (NYSE: APTV) shares were trading modestly higher in early U.S. trading, up about 2% intraday. The stock was trading below recent highs seen in early 2025. 52-week range roughly between $47 and $89, reflecting mixed sentiment on growth prospects and structural change.
Quarterly Results
Aptiv reported Q4 2025 U.S. GAAP revenue of $5.2 billion, a 5% year-over-year increase and 3% on an adjusted basis excluding currency and commodity impacts. U.S. GAAP net income was $138 million or $0.64 per share. Adjusted EPS was $1.86, above many analyst estimates.
Q4 adjusted operating income was $607 million. Q4 adjusted EBITDA was $798 million. Operating cash flow in Q4 reached $818 million.
Adjusted operating margin was 11.8%, down from 12.7% a year earlier, reflecting higher commodity costs and foreign exchange headwinds.
Full-Year Performance
Aptiv reported revenue of $20.4 billion, up 3% on both GAAP and adjusted bases for FY25. GAAP net income was $165 million, including a non-cash goodwill impairment charge of $648 million. Adjusted net income was $1,726 million. Adjusted EPS was $7.82, up from $6.26 in 2024.
Full year adjusted operating income was $2,461 million, with an adjusted operating margin of 12.1%, slightly above the prior year.
Strategic Spin-Off
Aptiv reiterated its plan to spin off its Electrical Distribution Systems (EDS) business as a separate publicly traded entity, Versigent, expected in mid-2026, aiming to create two focused companies with distinct strategic priorities and capital allocation frameworks.
In connection with the spin-off, Aptiv will rename reporting segments: its Advanced Safety and User Experience segment becomes Intelligent Systems and Engineered Components Group becomes Engineered Components.
2026 Outlook
Aptiv provided Q1 and FY26 guidance. For Q1 2026, Aptiv expects net sales of $4.95 billion–$5.15 billion, adjusted EPS of $1.55–$1.75, and adjusted EBITDA margin around 14.7%.
For FY26 on a pro-forma basis post spin-off, the combined entity is projected to deliver $21.12 billion–$21.82 billion in net sales and adjusted EPS of $8.15–$8.75; the New Aptiv standalone is expected to post $12.8 billion–$13.2 billion in revenues with adjusted EPS of $5.70–$6.10.
Analyst Activity
No major analyst upgrades, downgrades or price-target changes. Mixed market reaction with some volatility reflecting investor focus on guidance and the spin-off execution.
Market Context
Aptiv’s results underscore moderate top-line growth amid challenging supply conditions in Europe and Asia, offset by stronger performance in the Americas. The strategic repositioning via the EDS spin-off remains a core focus for investor attention in 2026 trading.
