Aptiv Q1 revenue rises 5% to $5.1 billion; free cash flow turns negative
Aptiv reported first-quarter 2026 revenue of $5.1 billion, up 5% from a year earlier, and GAAP net income of $189 million, compared with a net loss of $11 million a year ago. The results still include the Electrical Distribution Systems business, which was spun off as Versigent PLC on April 1, 2026, and the company's second-quarter results will exclude it. Adjusted EBITDA slipped to $752 million and free cash flow was negative $362 million, so shareholders get a mixed picture ahead of the new guidance for the smaller company.
Key points
- Revenue was $5.1 billion, up 5%, or 1% excluding currency and commodity movements.
- GAAP net income was $189 million, or $0.88 per diluted share, versus a loss of $0.05 a year earlier; adjusted EPS was $1.71 versus $1.69.
- Adjusted EBITDA was $752 million versus $758 million, and free cash flow was negative $362 million versus $76 million positive.
- Second-quarter 2026 guidance for New Aptiv: net sales of $3.2 billion to $3.4 billion and adjusted EPS of $1.30 to $1.50; full-year pro forma adjusted EPS of $5.70 to $6.10.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.