Aptiv PLC (NYSE:APTV) saw its shares rise 2.02% in pre-market trading on Thursday after reporting second-quarter revenue that beat analyst expectations, despite a modest earnings shortfall. The global automotive technology firm posted $5.2 billion in revenue for the quarter, topping the consensus estimate of $5.05 billion and marking a 3% year-over-year increase.
However, adjusted earnings per share came in at $1.70, slightly below the anticipated $1.80. Revenue growth was fueled by a 4% rise in Asia (even with a 1% dip in China), alongside 3% gains in both North and South America, offset somewhat by a 1% decline in Europe.
“We delivered record financial results in the second quarter, a testament to our efforts to build a resilient business model that allows us to operate efficiently, even in dynamic environments,” said Kevin Clark, chair and CEO.
Aptiv’s adjusted operating income margin edged up to 12.1% from 12.0% the prior year, reflecting improved operational performance and gains from cost-cutting measures.
Looking forward, the company raised its full-year 2025 guidance, now anticipating revenue between $20 billion and $20.3 billion, exceeding the consensus forecast of $19.83 billion. Adjusted EPS guidance was also increased to a range of $7.30 to $7.60, above analyst expectations of $7.24.
For Q3, Aptiv expects revenue between $4.95 billion and $5.1 billion, aligning with the consensus estimate of $4.96 billion. However, its EPS guidance of $1.60 to $1.80 falls slightly short of the $1.84 analyst forecast.
During the quarter, Aptiv generated $510 million in operating cash flow, down from $643 million a year earlier. As of June 30, the company held $1.4 billion in cash and equivalents, with total liquidity available at $4.0 billion.
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