Earnings Call
Aug 4, 2026
Q2 FY2026
EPS Estimate
1.43
EPS Actual
1.63
Post-Earnings Close
$47.72
Earnings Reaction
-16.6%
Aptiv's second quarter results were broadly in line with expectations at the revenue line, $3.3 billion, growing 2% on an adjusted basis, but the call was dominated by a meaningful guidance cut driven by deteriorating conditions in the China domestic automotive market and knock-on effects across the company's European OEM customer base. Management reduced full-year revenue guidance by $300 million at the midpoint to a range of $12.6, $12.8 billion, trimmed adjusted EPS guidance to $5.60, $5.80 (midpoint $5.70), and cut free cash flow expectations to $625, $725 million. The revision reflects three distinct buckets: roughly $150 million from customer schedule reductions tied to China domestic weakness and European luxury OEM export pullbacks, $100 million from delayed program launches and ramps, and $50 million from timing slippage in enterprise software and services sales.
Report generated on Aug 4, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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