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.
Dan Levy
Barclays PLC
5 questions for APTV
Chris McNally
Evercore ISI
4 questions for APTV
Colin Langan
Wells Fargo & Company
4 questions for APTV
Joseph Spak
UBS Group AG
4 questions for APTV
Mark Delaney
The Goldman Sachs Group, Inc.
4 questions for APTV
Emmanuel Rosner
Wolfe Research
3 questions for APTV
Itay Michaeli
TD Cowen
2 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
James Picariello
BNP Paribas
1 question for APTV
James Piccirillo
BNP Paribas
1 question for APTV
Joe Spak
UBS Group AG
1 question for APTV
Shreyas Patil
Wolfe Research, LLC
1 question for APTV
Winnie Dong
Deutsche Bank
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.
- Q3 results: Adjusted EPS of $2.17 and record revenue of $5.21 billion (+7.4% YoY)
- Guidance raised: Full-year adjusted EPS outlook lifted to $7.55–$7.85 and sales guidance increased, driven by strong demand for electrical/software systems (ADAS, infotainment) despite tariff pressures and weak EV demand
- GAAP outlook revised: Posted a GAAP net loss due to an impairment and cut FY2025 GAAP EPS guidance to $1.05–$1.35 (from $4.40–$4.70); provided a Q4 adjusted EPS range below some Street estimates
- Strategic and regional highlights: Announced a $31 billion bookings target and potential spin-off of its EDS unit; revenue by region: North America +14%, South America +16%, Europe –3%; shares up ~40–42% YTD with a consensus “buy” rating
- Record Q3 revenue of $5.2 billion (+6% adj.), with EPS of $2.17 (+19%) and operating income margin up 30 bps
- Raised full-year 2025 guidance; adjusted EPS now expected at $7.55–$7.85 (midpoint +23%), and Q4 revenue growth guided at 1%
- Launched multiple programs including Gen 8 radar and high-performance cockpit controller, and secured over $1 billion in new business bookings in China
- Recorded a non-cash goodwill impairment of $648 million for Wind River, but projects mid-teens revenue growth for the unit in 2025
- Q4 guidance incorporates an ~$80 million headwind from customer production disruptions and conservatism for trade-tension-driven semiconductor supply risks
- Aptiv delivered record Q3 2025 results: revenues of $5.2 billion (+6% adjusted), operating income of $654 million (+10%), EPS of $2.17 (+19%), and generated $584 million in operating cash flow.
- Third quarter bookings totaled $8.4 billion, bringing year-to-date new business awards to $19 billion and affirming the $31 billion full-year bookings target.
- The company raised its full-year guidance, with revenues now forecast at $20.3 billion (midpoint, +2%), adjusted EPS of $7.55–$7.85 (midpoint, +23%), and $2 billion in operating cash flow, while guiding Q4 to include ~$80 million of customer disruptions and trade-tension headwinds.
- Aptiv is progressing with the planned separation of its Electrical Distribution Systems business by end of Q1 2026 to unlock shareholder value.
- Record revenue of $5.2 billion, up 6% adjusted YoY growth (Auto +4%; Non-Auto +14%).
- Record adjusted operating income of $654 million, up 10% YoY, and adjusted EPS of $2.17, up 19% YoY.
- Strong operating cash flow of $584 million, supporting ~$250 million in share repurchases and debt repayment.
- Raised full‐year 2025 guidance and expect revenue growth to accelerate in 2026.
- Q3 2025 revenue of $5.2 billion, up 7% year-over-year (6% adjusted for currency and commodity effects).
- GAAP net loss of $355 million, including a $648 million goodwill impairment; adjusted EPS of $2.17.
- Adjusted operating income of $654 million, adjusted EBITDA of $851 million and cash from operations of $584 million.
- Raised full-year 2025 guidance: net sales to $20.15 – 20.45 billion and adjusted EBITDA to $3.17 – 3.27 billion.
- In Q3 2025, Aptiv reported U.S. GAAP revenue of $5.2 billion, up 7% year-over-year (6% excluding currency and commodity impacts).
- Adjusted operating income reached $654 million and adjusted EBITDA was $851 million, delivering adjusted earnings per share of $2.17.
- U.S. GAAP net loss totaled $355 million (6.8% margin) driven by a $648 million goodwill impairment; year-to-date GAAP net income was $27 million while adjusted EPS stood at $5.96.
- The company raised its full-year 2025 guidance following strong third-quarter performance.
- Vodafone has chosen the Wind River Cloud Platform as its Container-as-a-Service (CaaS) layer for Open-RAN implementations in Germany and other European countries.
- The partnership is designed to deliver scalable, distributed cloud infrastructure for next-generation networks, targeting lower operating costs and improved energy efficiency.
- Built on the open-source StarlingX project, Wind River’s solution provides a Kubernetes-based architecture for large-scale core-to-edge edge deployments.
- Aptiv lançou seus radares de 8ª geração, com design exclusivo de antena e silício, para atender às crescentes demandas de sistemas avançados de assistência ao motorista (ADAS).
- O radar de longo alcance oferece detecção além de 300 metros, com resolução angular 4D ultrafina, entregando 30% de aumento de desempenho e dobrando o campo de visão vertical em relação à geração anterior.
- O radar de canto de modo duplo aprimora a performance em curtas distâncias e baixas velocidades, melhorando em 25% a discriminação horizontal e viabilizando discriminação vertical de objetos estáticos.
- A mesma tecnologia alimenta o sensor Aptiv PULSE, que integra dados de radar e câmera para substituir até quatro sensores ultrassônicos, reduzindo complexidade e custo do sistema.
- Aptiv unveiled its eighth-generation radar series for advanced driver-assistance systems (ADAS), featuring proprietary skywave and chip designs for enhanced performance and high-resolution perception.
- The new sensors deliver over 300 m detection range, a 30% performance boost, double vertical field of view, and improved close-range and low-SNR detection, enabling features like automatic emergency braking and collision avoidance.
- The series introduces the PULSE sensor, integrating ultra-short-range radar with surround-view cameras for 360° environmental awareness while reducing system complexity and cost.
- Designed to support reliable hands-free driving in complex urban and extreme weather conditions, positioning Aptiv to lead in advancing higher levels of vehicle autonomy.
- Aptiv launches its most advanced Gen 8 radars, offering market-leading range, resolution, and object detection for a wide range of driving and parking scenarios.
- Proprietary antenna and silicon designs deliver a 30% performance boost and support forward detection beyond 300 meters with 4D angular resolution for AI-driven ADAS.
- Dual-mode corner radars improve vertical field-of-view resolution by 25%, enhancing low-speed functions like automatic emergency braking and automated parking.
- The PULSE sensor integrates Gen 8 radar and camera data to replace up to four ultrasonic sensors, reducing system complexity and cost for automakers.
- Designed for reliable operation in all weather and lighting conditions, Gen 8 radars support scalable, software-defined vehicle architectures.