Aptiv (APTV) Q1 FY2026 earnings: revenue $5.1 billion, up 5.4% on the year

Aptiv plc (APTV) reported revenue of $5.1 billion for Q1 FY2026, the quarter ended 31 March 2026, up 5.4% on the same quarter a year earlier. Net income was $189 million, and diluted earnings per share $0.88. The figures are the company's own, from the 10-Q it filed with the SEC on 5 May 2026.

Revenue

$5.1 billion

+5.4% on the year · -1.3% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

7.4%

9.3% a year earlier

Q2 FY2024Q1 FY2026

Net income

$189 million

+37.0% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$0.88

+37.5% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 5 new, 8 kept.

Revenue rose 5% to $5.1 billion: Reported net sales were $5,086 million against $4,825 million a year earlier. Adjusted for currency and commodity movements, revenue rose 1%.
Net income turned positive: Net income attributable to Aptiv was $189 million, a 3.7% margin, against a prior-year net loss of $11 million. Diluted EPS was $0.88 versus a $0.05 loss.
Regional growth mixed, EMEA down 7%: Adjusted revenue grew 7% in North America and 7% in South America, the smallest region. Asia Pacific grew 3% including a 2% China decline. EMEA fell 7%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	5,086	5,153	4,825	-1.3%	+5.4%
Cost of revenue	4,166	4,190	3,905	-0.6%	+6.7%
Gross profit	920	963	920	-4.5%	0.0%
Gross margin	18.1%	18.7%	19.1%
Selling, general and administrative	427	450	384	-5.1%	+11.2%
Operating income	378	425	448	-11.1%	-15.6%
Operating margin	7.4%	8.2%	9.3%
Interest expense	89.0	87.0	93.0	+2.3%	-4.3%
Pre-tax income	285	354	355	-19.5%	-19.7%
Income tax	81.0	196	356	-58.7%	-77.2%
Effective tax rate	28.4%	55.4%	100.3%
Net income	189	138	-12.0	+37.0%
Net margin	3.7%	2.7%	-0.2%
Diluted EPS	$0.88	$0.64	-$0.05	+37.5%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	-143	818	273
Capital expenditure	219	167	197	+31.1%	+11.2%
Free cash flow	-362	651	76.0
Free cash flow margin	-7.1%	12.6%	1.6%
Cash from investing	-221	-153	-203
Cash from financing	1,692	-457	-553
Depreciation and amortisation	250	250	242	0.0%	+3.3%
Share-based compensation	24.0	26.0	32.0	-7.7%	-25.0%
Buybacks	76.0	301	0.0	-74.8%
Diluted shares, weighted	214m	216m	230m	-1.1%	-7.1%
Shares outstanding at period end	212m	213m	224m	-0.2%	-5.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	9,233	9,207	8,961	+0.3%	+3.0%
Non-controlling interest	190	190	198	0.0%	-4.0%
Redeemable equity	99.0	102	95.0	-2.9%	+4.2%
Debt	9,350	7,551	7,887	+23.8%	+18.5%
Operating lease liabilities	394	401	422	-1.7%	-6.6%
Finance lease liabilities	n/a	4.0	n/a
Other liabilities	5,937	5,958	5,539	-0.4%	+7.2%
Total liabilities and equity	25,203	23,413	23,102	+7.6%	+9.1%
Fixed assets	3,685	3,774	3,675	-2.4%	+0.3%
Goodwill	4,548	4,596	5,088	-1.0%	-10.6%
Intangible assets	1,940	2,004	2,105	-3.2%	-7.8%
Securities held for sale or to maturity	59.0	58.0	172	+1.7%	-65.7%
Trading assets	57.0	57.0	176	0.0%	-67.6%
Cash and equivalents	3,173	1,851	1,100	+71.4%	+188.5%
Receivables	3,798	3,477	3,549	+9.2%	+7.0%
Inventory	2,746	2,561	2,429	+7.2%	+13.1%
Other assets	5,197	5,035	4,808	+3.2%	+8.1%
Total assets	25,203	23,413	23,102	+7.6%	+9.1%

Questions

What was Aptiv's revenue in Q1 FY2026?

Aptiv (APTV) reported revenue of $5.1 billion for Q1 FY2026, the quarter ended 31 March 2026, up 5.4% on the same quarter a year earlier.

How much did Aptiv earn in Q1 FY2026?

Net income for Q1 FY2026 was $189 million, and diluted earnings per share $0.88.

When did Aptiv report Q1 FY2026 results?

Aptiv filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 5 May 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025 †	Q3 FY2025 †	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	4,134	4,178	4,057	4,614	4,640	4,818	5,200	5,114	4,919	4,901	5,051	4,854	4,907	4,825	5,208	5,212	5,153	5,086	3,274	3,199
Cost of revenue	3,543	3,589	3,617	3,821	3,827	4,058	4,336	4,221	3,997	4,023	4,083	3,951	3,945	3,905	4,211	4,194	4,190	4,166	2,499	2,509
Gross profit	591	589	440	793	813	760	864	893	922	878	968	903	962	920	997	1,018	963	920	775	690
Gross margin	14%	14%	11%	17%	18%	16%	17%	17%	19%	18%	19%	19%	20%	19%	19%	20%	19%	18%	24%	22%
SG&A	291	274	286	275	303	342	353	360	381	366	405	331	363	384	406	433	450	427	332	294
Operating income	260	256	97.0	470	440	348	410	446	355	419	441	503	479	448	486	-175	425	378	367	281
Operating margin	6%	6%	2%	10%	9%	7%	8%	9%	7%	9%	9%	10%	10%	9%	9%	-3%	8%	7%	11%	9%
Interest expense	36.0	43.0	56.0	58.0	62.0	67.0	72.0	75.0	71.0	65.0	64.0	101	107	93.0	92.0	88.0	87.0	89.0	62.0	59.0
Pre-tax income	93.0	174	16.0	432	368	280	349	397	311	369	1,028	407	347	355	453	-243	354	285	366	246
Tax rate	0%	12%	100%	14%	7%	12%	9%	-330%	-233%	21%	5%	8%	18%	100%	10%	n/a	55%	28%	14%	15%
Net income	31.0	89.0	-45.0	301	249	162	242	1,629	905	218	938	363	268	-12.0	393	-355	138	189	248	194
Net margin	1%	2%	-1%	7%	5%	3%	5%	32%	18%	4%	19%	7%	5%	-0%	8%	-7%	3%	4%	8%	6%
Diluted EPS	$0.06	$0.27	-$0.23	$1.05	$0.86	$0.54	$0.84	$5.76	$3.22	$0.79	$3.47	$1.48	$1.14	-$0.05	$1.80	-$1.63	$0.64	$0.88	$1.17	$0.94
Operating cash flow	669	-202	95.0	437	933	-9.0	535	746	624	244	643	499	1,060	273	510	584	818	-143	92.0	320
Capital expenditure	181	247	207	212	178	269	222	212	203	265	226	173	166	197	149	143	167	219	59.0	126
Free cash flow	488	-449	-112	225	755	-278	313	534	421	-21.0	417	326	894	76.0	361	441	651	-362	33.0	194
Buybacks	0.0	0.0	0.0	0.0	0.0	68.0	30.0	0.0	300	600	430	3,074	0.0	0.0	0.0	96.0	301	76.0	246	236
Dividends paid	0.0	16.0	16.0	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Shares outstanding	271m	271m	271m	271m	271m	271m	283m	283m	279m	272m	267m	235m	235m	224m	218m	217m	213m	212m	208m	204m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2026, filed 5 May 2026: the filing.