Back to top

Image: Shutterstock

Aptiv Gears Up to Report Q3 Earnings: What's in the Cards?

Read MoreHide Full Article

Key Takeaways

  • Aptiv's Q3 earnings are expected to fall 38.7% y/y, while revenues may decline 39.3% to $3.16 billion.
  • The Versigent spin-off weighs on revenues, while new ADAS wins and tech partnerships offer partial support.
  • Higher commodity costs, delayed vehicle launches and slower production ramps may pressure APTV's profits.

Aptiv PLC (APTV - Free Report) is set to report its third-quarter 2026 results on Nov. 3, before the opening bell.

The company’s earnings surprise history has been impressive. It surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an earnings surprise of 10.6% on average.

Aptiv PLC Price, Consensus and EPS Surprise

Aptiv PLC Price, Consensus and EPS Surprise

Aptiv PLC price-consensus-eps-surprise-chart | Aptiv PLC Quote

Q3 Expectations for APTV

The Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $3.16 billion, indicating a decline of 39.3% year over year due to continued effects from the recent spin-off of its Electrical Distribution Systems business into Versigent, partially offset by recently expanded partnerships with technological firms and new customer wins.

The company secured its first Gen 8 radar award from Volvo Cars and additional business for its Gen 6 advanced driver assistance systems (ADAS) platform. APTV has expanded its software capabilities through partnerships with NVIDIA and Kyndryl, extending its reach into edge AI and mission-critical enterprise applications.

The consensus estimate for Engineered Components' revenues is pegged at $1.75 billion, indicating a 2.2% year-over-year increase. Adjusted operating income is expected to be $297.4 million, suggesting a marginal year-over-year decline. Rising adoption of ADAS and software-defined vehicles is likely to have contributed to the segment’s top line, partly offset by weakness in the Chinese automotive market and lower European vehicle exports.

The consensus mark for Intelligent Systems revenues is pegged at $1.45 billion, indicating a marginal year-over-year increase. Adjusted operating income is expected to decline 15.5% to $138.6 million. Higher commodity prices, especially resins and metals, have increased input costs following the ongoing conflict in the Middle East. Delays in customer vehicle launches and slower-than-expected production ramps are also likely to defer revenue recognition and affect operating performance.

The consensus estimate for earnings is pegged at $1.33 per share, indicating a year-over-year decline of 38.7%. We expect collectively decreasing operating income to have negatively impacted the bottom line in the quarter.

What Our Model Says About APTV

Our proven model does not conclusively predict an earnings beat for Aptiv this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.

Aptiv has an Earnings ESP of +2.23% and a Zacks Rank #4 (Sell).

You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks to Consider

Here are a few stocks from the broader Business Services sector, which, according to our model, have the right combination of elements to beat on earnings this season.

Mastercard Incorporated (MA - Free Report) has an Earnings ESP of +0.11% and a Zacks Rank of 2. The company is scheduled to report its third-quarter 2026 results on Oct. 29.

The Zacks Consensus Estimate for MA’s third-quarter 2026 revenues is pegged at $9.63 billion, indicating year-over-year growth of 12%. For earnings, the consensus mark is pegged at $5.14 per share, implying a 17.4% increase from the year-ago quarter’s actual.

Mastercard beat the consensus estimate in each of the trailing four quarters, with the average earnings surprise being 6.3%.

Dave Inc. (DAVE - Free Report) has an Earnings ESP of +5.99% and a Zacks Rank of 2. The company is scheduled to declare its third-quarter 2026 results on Nov. 4.

The Zacks Consensus Estimate for DAVE’s third-quarter 2026 revenues is pegged at $191.15 million, indicating 26.8% year-over-year growth. The consensus estimate for earnings is pegged at $4.45 per share, implying a year-over-year increase of 5%.

DAVE beat the consensus estimate in each of the trailing four quarters, delivering an earnings surprise of 32.4% on average.

Published in