Aptiv reported U.S. GAAP revenue of $5.153 billion for the fourth quarter, up from $4.907 billion a year earlier and exceeding consensus forecasts by $48 million. On an adjusted basis, revenue rose 3%, driven by regional growth of 8% in North America and 12% in South America, partially offset by 1% declines in both Europe and Asia. Adjusted EPS came in at $1.86, narrowly beating the analyst consensus of $1.85. The outperformance reflects sustained demand for advanced safety and electrification systems across core customer platforms, even as higher tax expenses weighed on GAAP net income compared with the prior year.

For the first quarter of 2026, management guided net sales of $4.95 billion to $5.15 billion, with U.S. GAAP diluted EPS of $0.60 to $0.80 and adjusted EPS of $1.55 to $1.75. Full-year 2026 net sales are forecast at $21.12 billion to $21.82 billion, essentially in line with the current consensus of $21.126 billion. GAAP EPS guidance of $5.75 to $6.35 and adjusted EPS of $8.15 to $8.75 reflect planned investments in R&D and the upcoming spin-off of the Electrical Distribution Systems business as Versigent. Management expects the transaction to unlock shareholder value by creating two focused companies with dedicated capital allocation strategies.

In response to the quarter’s upside, Wells Fargo analyst Colin Langan maintained an Overweight rating and raised his price target from $99 to $102, citing improved margin visibility in North America. Oppenheimer’s Colin Rusch kept an Outperform rating and lifted his target from $102 to $106, noting that Aptiv’s guidance still conservatively assumes elevated commodity costs. Both analysts highlighted the long-term potential of Aptiv’s electrification platform and expect further multiple expansion as the spin-off nears completion.