Aptiv reported U.S. GAAP revenue of $5.153 billion for the fourth quarter, up from $4.907 billion a year earlier and surpassing consensus estimates of $5.105 billion. On an adjusted basis, revenue grew 3% year-over-year, driven by higher volumes and favorable product mix. Adjusted earnings per share of $1.86 beat the analyst consensus of $1.85. GAAP earnings declined year-over-year, reflecting an increase in tax expense of approximately $25 million.

North America led growth with an 8% increase in adjusted revenue, while South America climbed 12%. These gains were partially offset by 1% declines in both Europe and Asia, where market conditions and supply-chain disruptions weighed on volumes. North American engineering and advanced safety systems saw record quarterly bookings of $1.2 billion, up 15% year-over-year.

For the first quarter of fiscal 2026, Aptiv expects net sales between $4.950 billion and $5.150 billion, and adjusted EPS of $1.55 to $1.75 (versus a consensus of $1.92), reflecting planned investments in electrification platforms. Full-year 2026 net sales are forecast at $21.120 billion to $21.820 billion, compared with $21.126 billion in the prior-year period. The company expects full-year adjusted EPS of $8.15 to $8.75, up modestly from $8.46, and plans to complete the spin-off of its Electrical Distribution Systems business as Versigent to sharpen capital allocation and operational focus.

Following the earnings release, Wells Fargo analyst Colin Langan maintained an Overweight rating and raised his price target from $99 to $102, citing robust margin expansion potential. Oppenheimer’s Colin Rusch reiterated an Outperform rating and lifted his target from $102 to $106, highlighting Aptiv’s accelerating order intake for advanced driver-assist systems and its disciplined cost structure.