Aptiv’s shares gained 5.4% post-earnings, driven by better-than-expected momentum in new business awards and non-automotive revenue growth despite a cautious near-term outlook due to ongoing demand pressures in the automotive market, particularly in China.
- Delivered 2% revenue growth and 10 bps EBITDA margin expansion in Q2.
- Non-automotive segment reported double-digit revenue growth, benefiting from diversified end markets and new program wins.
- Secured $5 billion in new business awards in Q2, with year-to-date total reaching $10 billion toward a $20 billion full year target.
- Automotive market faced headwinds from prolonged sales weakness in China and reduced production schedules by local OEMs and luxury European exporters.
- Repurchased $250 million in shares during Q2, totaling $325 million year-to-date, with plans to continue share buybacks exceeding $600 million in 2026.
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