Aptiv Reports Q3 2026 Revenue Growth Driven by Nonautomotive Markets
Aptiv PLC (APTV) reported third-quarter revenue of $3.2 billion, a 2% increase year-over-year, fueled largely by a 16% surge in nonautomotive markets such as aerospace and defense. While the company secured $4 billion in new business awards during the quarter—bringing its year-to-date total to over $13 billion—adjusted EBITDA margins compressed to 17.7% from 19.1% in the prior year due to lower software revenues and engineering credit timing. Looking ahead, management issued a cautious outlook for 2027, citing approximately $700 million in anticipated semiconductor inflation related to memory chips and a potential revenue headwind of up to $300 million from German automotive manufacturers. Despite these headwinds, Aptiv remains focused on shareholder returns, having repurchased $233 million in stock this quarter as part of its commitment to return at least $650 million by the end of 2026.
Topics: EBITDA margin new business awards revenue growth segment performance share repurchases