Completion of Electrical Distribution Systems Spin-Off
On April 1, 2026, Aptiv completed the separation of its Electrical Distribution Systems segment into Versigent PLC, distributing one Versigent share for every three Aptiv shares. The historical results of this business are reported as discontinued operations, making this the first quarter of Aptiv's continuing operations.
Revenue Growth Outpaced Flat Global Production
Volume increased 3% year-over-year in Q2, driven by strength in North America and Asia Pacific, while Europe declined, compared to flat global automotive production on an Aptiv-weighted basis. This outperformance was supported by new business and recoveries.
Operational Performance Lifts Operating Margin
Operating income rose 12.9% to $367 million, with gross margin expanding to 23.7% from 22.9%, reflecting operational efficiencies and cost management, partially offset by continued pricing pressures and restructuring costs.