Aptiv is a leading global technology and mobility architecture company that primarily serves the automotive sector. The company specializes in designing, manufacturing, and assembling vehicle electrical architectures and developing advanced safety and user experience technologies. Aptiv's offerings include connectors, wiring assemblies, sensing and perception systems, electronic control units, and autonomous driving technologies, catering to the industry's shift towards electrified and software-defined vehicles . The company serves the 25 largest automotive original equipment manufacturers (OEMs) worldwide .
- Signal and Power Solutions - Designs, manufactures, and assembles vehicle electrical architecture, including connectors, wiring assemblies, harnesses, cable management, electrical centers, and high voltage and safety-critical distribution systems. Provides the backbone for signal distribution and computing power, supporting increased vehicle content and electrification.
- Advanced Safety and User Experience - Enhances vehicle safety, security, comfort, and convenience through technologies such as sensing and perception systems, electronic control units, multi-domain controllers, vehicle connectivity systems, cloud-native software platforms, application software, and autonomous driving technologies. Aligns with industry trends towards software-defined vehicles and connected services.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Kevin P. Clark ExecutiveBoard | Chairman of the Board and CEO | None | Joined Aptiv in 2010 as CFO; became CEO in 2015. Led Aptiv's transformation into a mobility technology leader. | View Report → |
Allan J. Brazier Executive | Vice President and Chief Accounting Officer | None | Joined Aptiv in 2005. Became Chief Accounting Officer in 2011. Previously worked at KPMG. | |
Benjamin Lyon Executive | Senior Vice President and Chief Technology Officer | None | Joined Aptiv in December 2022. Former Chief Engineer at Astra Space and Senior Director at Apple. | |
Javed Khan Executive | President, Software and Advanced Safety | None | Joined Aptiv in August 2024. Previously Senior VP at Cisco and VP at Symantec. | |
Joseph T. Liotine Executive | Executive Vice President, Electrical Distribution Systems | None | Joined Aptiv in April 2024. Former CEO of Briggs & Stratton and COO at Whirlpool Corporation. | |
Katherine H. Ramundo Executive | Executive Vice President, Chief Legal Officer, Chief Compliance Officer, and Secretary | None | Joined Aptiv in March 2021. Former EVP and CLO at Howmet Aerospace and ANN, Inc. | |
Obed D. Louissaint Executive | Executive Vice President and Chief People Officer | None | Joined Aptiv in January 2023. Former Senior VP at IBM, leading transformation and culture initiatives. | |
Varun Laroyia Executive | Executive Vice President and CFO | None | Appointed CFO in November 2024. Previously CFO at LKQ Corporation, where he improved operational efficiency and cash flow. | |
Ana G. Pinczuk Board | Director | COO at Dexterity, Inc.; Director at SentinelOne | Director since 2016. Former executive at Cisco, Veritas, and Hewlett Packard Enterprise. | |
Colin J. Parris Board | Director | Senior VP and CTO at GE Digital | Director since 2017. Expert in software and AI, with a Ph.D. in Electrical Engineering. | |
Joseph L. Hooley Board | Director | Lead Independent Director at Exxon Mobil | Director since 2020. Former Chairman and CEO of State Street Corporation. | |
Merit E. Janow Board | Director | Non-Executive Chair at Mastercard | Director since 2021. Professor at Columbia University and former WTO Appellate Body member. | |
Nancy E. Cooper Board | Director | Non-Executive Chair at Brunswick Corporation | Director since 2018. Former CFO of CA Technologies. Chair of Aptiv's Audit Committee. | |
Paul M. Meister Board | Lead Independent Director | Non-Executive Chair at Amneal Pharmaceuticals, Board Member at Quanterix Corporation | Director since 2019. Co-founder of Liberty Lane Partners and former CEO of inVentiv Health. | |
Robert K. Ortberg Board | Director | Director at RTX Corporation | Director since 2018. Former CEO of Collins Aerospace and Chairman of Rockwell Collins. | |
Sean O. Mahoney Board | Director | None | Director since 2009. Former partner at Goldman Sachs and Vice Chairman at Deutsche Bank Securities. | |
Vasumati P. Jakkal Board | Director | Corporate VP at Microsoft | Director since 2021. Corporate VP of Security, Compliance, Identity & Privacy at Microsoft. |
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Given your decision to leverage up the balance sheet to fund a $5 billion share repurchase program , how do you justify this aggressive capital return strategy in light of potential economic uncertainties and the need to invest in future growth opportunities?
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With some OEMs expressing a desire to develop their own software architectures and potentially reduce reliance on Tier 1 suppliers , how does this trend impact your long-term growth prospects and your strategy to provide standardized solutions rather than customized ones?
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Considering potential delays in OEMs adopting software-defined vehicle architectures and the associated reduction in wiring content , how do you anticipate this affecting your revenues and margins, especially in lower-margin areas like wiring harnesses where content could be reduced?
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As you plan substantial share repurchases funded by increased debt, how confident are you in your ability to maintain investment-grade credit ratings and deleverage the balance sheet, particularly without relying on asset sales or one-off cash inflows?
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Your updated financial outlook reflects confidence in margin expansion despite lower OEM production schedules ; can you elaborate on the specific drivers of this margin improvement and how sustainable they are, especially given that net pricing and commodity recoveries are decreasing?
Research analysts who have asked questions during Aptiv earnings calls.
Colin Langan
Wells Fargo & Company
4 questions for APTV
Dan Levy
Barclays PLC
4 questions for APTV
Joseph Spak
UBS Group AG
4 questions for APTV
Chris McNally
Evercore ISI
3 questions for APTV
Emmanuel Rosner
Wolfe Research
3 questions for APTV
Mark Delaney
The Goldman Sachs Group, Inc.
3 questions for APTV
John Murphy
Bank of America
2 questions for APTV
Tom Narayan
RBC Capital Markets
2 questions for APTV
Adam Jonas
Morgan Stanley
1 question for APTV
Edison Yu
Deutsche Bank
1 question for APTV
Gautam Narayan
RBC Capital Markets
1 question for APTV
Itay Michaeli
TD Cowen
1 question for APTV
James Picariello
BNP Paribas
1 question for APTV
Shreyas Patil
Wolfe Research, LLC
1 question for APTV
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
A key competitor in the Signal and Power Solutions segment. | |
Draexlmaier Group | A key competitor in the Signal and Power Solutions segment. |
A key competitor in the Signal and Power Solutions segment. | |
Luxshare Precision Industry Co., Ltd. | A key competitor in the Signal and Power Solutions segment. |
Molex, LLC (a subsidiary of Koch, Inc.) | A key competitor in the Signal and Power Solutions segment. |
Sumitomo Electric Industries, Ltd. | A key competitor in the Signal and Power Solutions segment. |
A key competitor in the Signal and Power Solutions segment. | |
Yazaki Corporation | A key competitor in the Signal and Power Solutions segment. |
Bosch Group | A key competitor in the Advanced Safety and User Experience segment. |
Continental AG | A key competitor in the Advanced Safety and User Experience segment. |
A key competitor in the Advanced Safety and User Experience segment. | |
Harman International (a subsidiary of Samsung Electronics) | A key competitor in the Advanced Safety and User Experience segment. |
Hyundai Mobis | A key competitor in the Advanced Safety and User Experience segment. |
LG Electronics | A key competitor in the Advanced Safety and User Experience segment. |
A key competitor in the Advanced Safety and User Experience segment. | |
Panasonic Corporation | A key competitor in the Advanced Safety and User Experience segment. |
Valeo | A key competitor in the Advanced Safety and User Experience segment. |
A key competitor in the Advanced Safety and User Experience segment. | |
ZF Friedrichshafen AG | A key competitor in the Advanced Safety and User Experience segment. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
General Motors (GM) | Supplier of advanced automotive technologies | All | Part of Aptiv’s top five customers (combined 40% of total net sales in 2023 ) and top ten customers (combined 54% in 2023 ). No single-year share above 10% in 2023 or 2022. Labor strikes in 2023 across GM, Ford, Stellantis caused a total $180 million adverse impact on Aptiv’s revenue. |
Ford Motor Company (Ford) | Supplier of advanced automotive technologies | All | Part of Aptiv’s top five customers (combined 40% of total net sales in 2023 ) and top ten customers (combined 54% in 2023 ). No single-year share above 10% in 2023 or 2022. Labor strikes in 2023 across GM, Ford, Stellantis caused a total $180 million adverse impact on Aptiv’s revenue. |
Stellantis N.V. (Stellantis) | Supplier of advanced automotive technologies | All | Part of Aptiv’s top five customers (combined 40% of total net sales in 2023 ) and top ten customers (combined 54% in 2023 ). Accounted for 11% of total net sales in 2021. Labor strikes in 2023 caused a total $180 million adverse impact on Aptiv’s revenue. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Höhle Ltd. | 2023 | Aptiv acquired 100% of Höhle Ltd. for approximately $42 million using cash on hand, with the purchase price allocated mainly to goodwill and intangible assets to capture expected synergies; the acquisition is integrated into Aptiv’s Signal and Power Solutions segment. |
Wind River Systems, Inc. | 2022 | Aptiv bought 100% of Wind River Systems, Inc. for a final price of $3.5 billion (down from an initial $4.3 billion offer), funded primarily with cash on hand, to enhance its Advanced Safety and User Experience segment and accelerate its transition to a software-defined future in automotive technology. |
Recent press releases and 8-K filings for APTV.
- Aptiv is in early talks to sell its Electrical Distribution segment for about $5 billion, positioning it as an alternative to a previously announced spin-off plan.
- Potential buyers include both strategic industry players and private equity firms, though the company may still proceed with the spin-off independently.
- Aptiv’s financial health shows some stress, with an Altman Z-Score of 2.46 and six insider selling transactions in the past three months.
- Analysts maintain an Outperform consensus on Aptiv, with an average price target of $84.70 and a potential upside of 25.41% based on fundamentals.
- Strong financial performance: Delivered robust Q2 results with operational productivity gains and generated significant cash flow, holding $1.4 billion in cash as of June 2025.
- Conservative 2025 outlook: Forecasts moderated vehicle production in H2 due to potential tariff-driven demand softening, with upside potential if headwinds do not materialize.
- Resilient supply chain: Experienced minimal direct tariff impact through region-for-region sourcing and digital-twin visibility; indirect tariff effects are incorporated into back-half guidance.
- Capital allocation & M&A: Plans to resume share repurchases in H2 to leverage perceived undervaluation and pursue disciplined M&A to support growth, maintaining high acquisition hurdle rates.
- Post-spin strategy: EDS standalone will retain leadership with nearly 2× competitor margins, while the remaining Aptiv platform targets industrial, ASUX, and autonomy markets organically and inorganically, anticipating no revenue dis-synergies.
- Adjusted EPS of $2.12 beat estimates by 18.4% and marked the fourth consecutive quarter of upside surprises.
- Revenue of $5.21 billion rose 3% year-over-year and exceeded analyst forecasts.
- Full-year 2025 profit forecast raised to $7.30–$7.60 per share, alongside sales guidance of up to $20.3 billion.
- GAAP EPS of $1.80 ($393 million net income) declined from $3.47 ($938 million) a year earlier, reflecting non-recurring items.
- Aptiv's leadership emphasized the company’s strategic positioning amid industry megatrends such as electrification, software-defined vehicles, and enhanced safety, and discussed adapting the go-to-market approach to regional nuances.
- Production and demand insights were shared, noting stable second-quarter performance with slight schedule shifts across regions, while uncertainties in North American EV production persist.
- Strategic portfolio updates included progress in the China market, plans for spinning off the EDS/wire harness business, and maintaining healthy liquidity to explore M&A opportunities.
- Delivered record Q1 operating income of $572M with an adjusted EPS of $1.69 per share (up 46% YoY) and an operating margin of 11.9% .
- Reported $4.8B in revenue for Q1, reflecting a modest YoY decline (1%-2%) .
- Executed a substantial share repurchase with a $3B accelerated buyback program, reducing the share count by 18% and advancing debt reduction by paying down approximately $700M .
- Generated $273M in cash from operations during the quarter .
- Advanced strategic EDS separation and cost‐reduction initiatives, with Q2 guidance projecting revenue between $4.92B and $5.12B .
- Under U.S. GAAP, posted a net loss of $11M (loss of $0.05 per diluted share) .
- Aptiv PLC and its subsidiaries executed an Amended and Restated Credit Agreement on March 31, 2025 with an aggregate principal amount of up to $2,000 million, involving JPMorgan Chase as Administrative Agent.
- The agreement restates previous financing arrangements, incorporating standard representations, warranties, covenants, and detailed events of default that may trigger accelerated repayment obligations.