Aptiv (APTV) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, May 5, 2026 astatine 12:08 PM CDT 46 min read

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DATE

Tuesday, May 5, 2026 astatine 8 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer — Kevin P. Clark

• Chief Financial Officer — Varun Laroyia

• Operator

Full Conference Call Transcript

Kevin P. Clark: Thank you, Betsy, and thanks, everyone, for joining america this morning. Starting connected Slide 3. The archetypal 4th concluded with the palmy completion of the separation of our Electrical Distribution Systems concern into a caller autarkic nationalist company, Versigent, which you'll perceive much astir pursuing their net merchandise and league telephone aft the marketplace closes aboriginal today. The measurement successful our portfolio improvement amended positions Aptiv to heighten our precocious bundle and hardware tech stack, further diversify our extremity marketplace premix and accelerate our gross and net growth. I'll commencement by covering our archetypal 4th full Aptiv results.

We proceed to flawlessly execute for our customers successful an progressively dynamic environment, further amplified by the struggle successful the Middle East, enabled by our operating rigor and the resilience of our concern model. We secured $7 cardinal of caller concern awards portion besides delivering coagulated fiscal results, including gross of implicit $5 billion, an summation of 1% versus the anterior twelvemonth contempt a deterioration successful underlying conveyance production. Adjusted EBITDA of implicit $750 million, driven by flow-through connected measurement maturation and beardown operating performance, which helped to offset important year-over-year headwinds from FX and commodities. When combined with little nett involvement disbursal and a little stock number resulted successful grounds net per stock of $1.71.

Varun volition reappraisal our fiscal results successful much item later. Turning to Slide 4. My remaining prepared remarks volition beryllium focused exclusively connected New Aptiv, a starring supplier of precocious bundle and optimized hardware solutions crossed aggregate extremity markets that are being shaped by the acceleration of automation, electrification and digitalization. Our heavy domain expertise and acquisition providing OEMs with our exertion stack to alteration their vehicles to sense, think, enactment and continually optimize progressively tin beryllium utilized for applications successful different extremity markets, which I'll speech much astir successful a moment. Competitively, we're good positioned with contented connected each market-leading platforms crossed automotive, commercialized aerospace and telecom.

And astir 1/4 of our concern is successful markets extracurricular of automotive, and we person respective strategical priorities underway to further summation our penetration of those markets, and we support a diversified determination gross premix and person important momentum gaining stock with the starring section China OEMs connected conveyance platforms sold successful China, arsenic good arsenic exported to oregon manufactured successful overseas markets. In addition, we've made important advancement further penetrating the starring OEMs serving the markets successful Japan, Korea and India. Turning to Slide 5 to walk a infinitesimal discussing New Aptiv's concern thesis. First, we've built a broad portfolio that collectively powers quality astatine the Edge by enabling devices and systems to sense, think, enactment and continually optimize.