Aptiv Reports Record Q1 Revenue and Adjusted EPS After EDS Spin-off
Aptiv reported first-quarter 2026 revenue of $5.1 billion, up 5% year-over-year, and adjusted earnings per share of $1.71, following the spin-off of its Electrical Distribution Systems business into Versigent.
- $5.1 billion
- $752 million
- -$362 million
What Happened
For the quarter ended March 31, 2026, Aptiv's GAAP revenue rose to $5.1 billion, driven by growth in North America (7%), Asia Pacific (3%), and South America (7%), partially offset by a 7% decline in EMEA. Adjusted EBITDA was $752 million, a slight decrease from $758 million in the prior year, with margin narrowing to 14.8% from 15.7% due to higher commodity costs and unfavorable currency exchange.
“We continued Aptiv’s strategic evolution with the successful spin-off of our EDS business as Versigent on April 1. Our value proposition is now even stronger, with a sharper focus on enabling devices and systems to sense, think, act, and optimize across industries.”
The company redeemed $266 million in senior notes during the quarter and repurchased 1.0 million shares for $75 million. For the second quarter of 2026, Aptiv expects net sales between $3.2 billion and $3.4 billion, excluding the EDS business, and full-year 2026 net sales of $12.8 billion to $13.2 billion.
$1.71per diluted share
Excluding special items, up from $1.69 in Q1 2025
Why this matters
Aptiv's strong quarterly results and strategic separation of its EDS unit mark a shift toward a more focused technology company, with increased free cash flow expected to drive future value creation.
Terms in This Story
- Adjusted EBITDA
- Earnings before interest, taxes, depreciation, and amortization, adjusted for certain non-recurring items, used to measure operating performance.
- GAAP
- Generally Accepted Accounting Principles, the standard framework for financial reporting in the U.S.
- Spin-off
- A corporate action where a company separates a division into a new independent entity, distributing shares to existing shareholders.
- Free Cash Flow
- Cash generated from operations minus capital expenditures, indicating ability to fund growth or return value to shareholders.
Summarised from the linked release; details can be imperfect — always verify against the original source.