Melexis NV (FRA:MEX)

Q1 2026 Melexis NV Earnings Call Transcript

Apr 29, 2026 / 08:30AM GMT

Release Date Price: €64.5 (-9.28%)

Transcript

Key Points

Positve

Melexis NV (MLXSF) reported a 2% increase in sales year-over-year, aligning with their first half 2026 sales outlook.
The company achieved a 7% increase in gross results compared to Q1 of last year, demonstrating recovery from cost of yield improvements and ongoing cost control actions.
Melexis NV (MLXSF) has strengthened its presence in China by establishing a fully foreign-owned enterprise, enhancing its localization strategy.
The company is seeing increased opportunities in ADAS and thermal management, aligning with structural growth trends in electrification and premiumization.
Melexis NV (MLXSF) launched new products in the non-automotive sector, including a motor driver for cooling fans in data centers and a high-precision inductive position sensor for robotics.

Negative

The euro-US dollar exchange rate evolution had a negative impact of 4% on sales compared to the same quarter last year.
Operating expenses remained controlled, but there is ongoing price erosion and cost inflation pressures.
The company has not provided a concrete guidance for the second half of 2026 due to uncertainties in the market.
APAC revenue decreased to 60% of the mix from 64% last year, raising concerns about potential price pressures in the region.
Inventory levels are expected to rise throughout the year due to potential allocation issues, particularly in assembly and internal testing.

Philip Ludwig

Melexis NV - Director, Investor Relations

Welcome, everyone, joining us today for the Melexis first quarter 2026 earnings call. I am Philip Ludwig, Investor Relations Director. And with us today are our CEO, Marc Biron; and CFO, Karen Van Griensven. Earlier today, we published our press release and presentation, which can be found on our website.

We will start the call with some brief remarks before taking questions, starting with Marc Biron. Marc, the floor is yours.

Marc Biron

Melexis NV - Chief Executive Officer, Managing Director, Director, representative of Marc Biron Consulting BV

Thank you, Philip. Hello, everyone, and welcome to this earnings call. I will share some highlights about our business performance and strategic progress, and then our CFO, Karen Van Griensven, will provide the financial overview and outlook. The results of our first quarter were fully in line with our expectations, taking into account the seasonal factor like the Chinese New Year and the changes of the automotive incentive schemes.

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.