Aptiv (APTV) Q4 2025 earnings summary

Executive summary

• Achieved record Q4 2025 revenue of $5.2 billion, up 3% adjusted year-over-year, and full-year revenue of $20.4 billion, with robust new business bookings totaling $27 billion and strong demand across all segments.

• Continued expansion into non-automotive markets, with 8% growth in non-auto revenue and new partnerships in Intelligent Systems, robotics, and cybersecurity.

• Announced the spin-off of Versigent (Electrical Distribution Systems), scheduled for April 1, 2026, with leadership finalized and separation costs of $180 million YTD.

• Successfully navigated macroeconomic headwinds, including FX and commodity pressures, while executing on strategic initiatives and product innovations.

Financial highlights

• Adjusted operating income for Q4 was $607 million; adjusted EPS reached $1.86, up 6% year-over-year, and full-year adjusted EPS rose 24.9% to $7.82.

• Operating cash flow for Q4 was $818 million, with over half allocated to share repurchases and debt reduction; full-year operating cash flow exceeded $2 billion, ending with a cash balance of $1.9 billion.

• Adjusted EBITDA for 2025 was $3.23 billion (15.8% margin), up from $3.1 billion in 2024.

• Full year GAAP net income was $165 million, including a $648 million non-cash goodwill impairment charge.

Outlook and guidance

• 2026 total revenue guidance is $21.1–$21.8 billion, with adjusted EPS of $8.15–$8.75 and free cash flow expected between $650 million and $850 million.

• New Aptiv (pro forma) 2026 net sales: $12.8–$13.2 billion; Versigent (pro forma) net sales: $9.1–$9.4 billion.

• Bookings for FY 2026 expected to exceed $30 billion, supported by a strong pipeline of customer opportunities.