Aptiv reported fourth-quarter U.S. GAAP revenue of $5.153 billion, up from $4.907 billion a year earlier, representing a 3% adjusted increase. Growth was led by an 8% rise in North America and a 12% increase in South America, partially offset by 1% declines in both Europe and Asia. Adjusted earnings per share were $1.86, narrowly beating the consensus of $1.85, while GAAP EPS of $0.64 declined from $1.14 in the prior period due to higher tax expense. Adjusted operating income totaled $607 million, down from $623 million a year ago, with margins contracting to 11.8% from 12.7%, largely because of $66 million in elevated commodity and foreign-exchange costs. Cash from operations reached $818 million for the quarter.

For the first quarter of fiscal 2026, Aptiv guided net sales of $4.950 billion to $5.150 billion, with adjusted EPS of $1.55 to $1.75 versus a street estimate of $1.92. Full-year 2026 revenue is expected between $21.120 billion and $21.820 billion, with adjusted EPS of $8.15 to $8.75 against a consensus of $8.46. GAAP EPS guidance of $5.75 to $6.35 compares with an estimate of $7.21. Management reiterated its plan to spin off the Electrical Distribution Systems division as Versigent, creating two independent companies positioned to pursue targeted growth and capital allocation strategies.

Following the earnings release, Wells Fargo analyst Colin Langan maintained an Overweight rating and raised his price target from $99 to $102. Oppenheimer’s Colin Rusch held an Outperform rating and lifted his target from $102 to $106. Both analysts cited stronger-than-expected North and South American segment growth, resilient demand for advanced safety and connectivity systems, and the positive cash flow outlook for the pro forma businesses post spin-off.