On this page of StockholderLetter.com we present the latest annual shareholder letter from Aptiv PLC — ticker symbol APTV. Reading current and past APTV letters to shareholders can bring important insights into the investment thesis.

 •  3/16/2026 Letter Continued (Full PDF)
 •  3/13/2023 APTV Stockholder Letter
 •  3/11/2024 APTV Stockholder Letter
 •  3/10/2025 APTV Stockholder Letter
 •  More "Auto Parts" Category Stockholder Letters
 •  APTV Benford's Law Stock Score = 83

APTV Shareholder/Stockholder Letter Transcript:

Annual
Report
2025

I am pleased to report that 2025 marked another year of strong operational execution, along with
continued progress on our strategic initiatives. Despite a dynamic macroeconomic environment
shaped by shifting trade policies, volatility in foreign exchange rates and commodity prices, and a
changing regulatory environment, our resilient business model enabled us to seamlessly provide
our portfolio of advanced technologies to our customers while also delivering record    nancial
results for our shareholders.
Our momentum was best re   ected in the record levels of revenue, adjusted EBITDA and adjusted earnings
per share in 2025, which totaled $20.4 billion, $3.2 billion and $7.82, respectively. Strong free cash    ow
of $1.5 billion also enabled us to further strengthen our investment-grade balance sheet while returning
capital to shareholders.
STRATEGIC PROGRESS
Over the past decade, we have transformed Aptiv
into a more diversi   ed industrial technology company,
offering advanced software and optimized hardware
solutions across multiple end markets. With the
secular trends of increasing levels of automation,
electri   cation and digitalization creating common
customer needs, Aptiv is well positioned to expand the
product portfolio built for mission-critical applications
in automotive into new and emerging end markets.
We continued to advance this strategy during 2025
through both new product innovations and new
commercial applications of our existing portfolio of
products.
In 2025, we progressed key elements of our
autonomous driving capabilities. We launched our
Gen 8 radar family, which unlocks new possibilities
for hands-free driving, and introduced our PULSETM
Sensor, which was recognized by Frost & Sullivan with
the 2025 Global Product Leadership Award. We also
advanced our end-to-end AI-based ADAS platform to
deliver safer, more humanlike autonomous driving.
We strengthened and evolved our interconnect
portfolio through the introduction of two key
advancements: the Modulus Connector Series, which
harnesses our expertise in delivering    exible and
scalable solutions at optimized costs for low earth
orbit satellite applications; and our LiteSPEedTM
single-pair Ethernet technology, for increasingly
connected and space-constrained mission-critical
2025 APTIV ANNUAL REPORT
applications in aerospace and defense, industrial
automation and next-generation mobility.
We also validated the applicability of our signal, power
and data distribution solutions across end markets
through the launch of a new solution for the energy
storage sector.
Partnerships and new commercial awards
We secured $27 billion in new business awards in
2025     our fourth consecutive year that topped
$25 billion     validating customer con   dence
and strong demand for our portfolio of advanced
technologies. In the automotive sector, we broadened
our geographic diversity by securing more than $4
billion of new business awards with local China OEMs,
$4 billion with Asia-Paci   c OEMs outside of China and
almost $1 billion with OEMs in India. In non-automotive
end markets, where revenues grew 8 percent in 2025,
we booked more than $4 billion of new business awards.
During the year, we also further expanded our
partnership ecosystem across multiple areas of our
business. Just as we enable automotive devices to
sense, think and act while continuously optimizing, we
are now doing the same in robotics, as evidenced by
new business awards and collaborations with robotics
leaders Robust.AI and Vecna Robotics.
We entered into more than a dozen new intelligentedge partnerships, including agreements with
ServiceNow and Capgemini for edge-to-cloud
enterprise solutions. These relationships will help us
build on the $600 million in software and services
revenues we generated in 2025.

LOOKING AHEAD
Product delivery
In 2025, our customers faced challenges and
uncertainty amid shifting global trade and regulatory
policies, amplifying the need for high-performing
solutions that can be delivered through a regionalized
service model with global scale that can reduce costs.
Our operating model, backed by a resilient global
supply chain     executed in-region, for-region    
proved invaluable. The end-to-end visibility provided
by our comprehensive global supply chain digital
twin allowed us to anticipate disruptions and keep
our customers connected, with minimal impact to
our operations. Our industry-leading capabilities
are increasingly competitive differentiators across
multiple end markets, including automotive and
diversi   ed industrials.
All of this was validated by external recognition,
including the Volkswagen Group Award in the
Resilient Supply Chains category, General Motors
Supplier Quality Excellence Awards for multiple
manufacturing facilities, and Nissan   s Global
Supplier Innovation Award.
The secular trends driving our business continue
to accelerate. Automation, electri   cation and
digitalization are creating increased demand
for advanced software and optimized hardware
solutions across automotive, aerospace and defense,
telecommunications and industrial markets. With a
product portfolio that is increasingly relevant across
multiple end markets, we are well positioned to bene   t
from these trends.
The separation of our Electrical Distribution Systems
business as Versigent (NYSE: VGNT) is on track for
completion on April 1, 2026. This spin-off will result
in two independent companies that are optimally
positioned to pursue their respective market
opportunities and capital allocation strategies,
unlocking incremental value for our shareholders.
Looking ahead, Aptiv is even better positioned to build
on its signi   cant and increasing exposure to attractive
growth opportunities in multiple end markets where we
can deliver proven solutions at scale, globally.
I am con   dent in our ability to continue to execute
   awlessly for our customers and optimistic about the
opportunities ahead for both Aptiv and Versigent.
Thank you for your continued support and con   dence.
Beyond being recognized for our operational
performance, Aptiv was ranked among the World   s
Best Companies and World   s Most Sustainable
Companies by Time magazine, in addition to being
named one of the World   s Most Ethical Companies
by Ethisphere for the 13th consecutive year.
Kevin P. Clark
Chair and Chief Executive Of   cer

    O V E R T H E PA S T D E C A D E , W E H AV E T R A N S F O R M E D A P T I V I N T O
A M O R E D I V E R S I F I E D I N D U S T R I A L T E C H N O L O G Y C O M PA N Y,
O F F E R I N G A DVA N C E D S O F T WA R E A N D O P T I M I Z E D H A R D WA R E
S O L U T I O N S A C R O S S M U LT I P L E E N D M A R K E T S .   
Kevin P. Clark
Chair and Chief Executive Of   cer
2025 APTIV ANNUAL REPORT

3/16/2026 Letter Continued (Full PDF)

 

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