Q3 2025 Melexis NV Earnings Call Transcript

Oct 29, 2025 / 09:30AM GMT

Release Date Price: $77

Transcript

Key Points

Positve

Melexis NV (MLXSF) delivered sales of EUR215.3 million in Q3 2025, exceeding the top end of their guidance.
The company launched three new products in Q3, contributing to a total of nine new products for the year, with plans to match the record number of launches from 2024.
Strong performance in motor driver sales, particularly in automotive HVAC applications and thermal management for EV powertrains.
New design wins, including significant ones for a motor driver designed for 48-volt EV architecture, indicating potential for future growth.
Continued strong traction in Asia, both in automotive and non-automotive sectors, with a significant portion of design wins coming from China.

Negative

Sales decreased by 13% compared to the same quarter of the previous year, indicating a challenging market environment.
The euro-US dollar exchange rate negatively impacted sales by 2% compared to the same quarter last year.
Gross result decreased by 23% compared to the same quarter of last year, reflecting margin pressures.
Net result decreased by 46% compared to the third quarter of 2024, highlighting profitability challenges.
Visibility for future sales remains limited, with ongoing uncertainties affecting forecasting for early 2026.

Philip Ludwig

Melexis NV - Investor Relations Director

Welcome, everyone, joining us today for the Melexis third-quarter 2025 earnings call. I am Philip Ludwig, Investor Relations Director, and I'm joined by today's speakers, CEO, Marc Biron; and CFO, Karen Van Griensven. We will start with brief remarks on the business and financials before taking your 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. In the third quarter of 2025, we delivered sales of EUR215.3 million, landing just above the top end of our guidance. This confirms another quarter of sequential growth and demonstrate that the recovery, while very gradual, continues. The quarter-to-quarter sales growth was driven mainly by Europe, while Asia Pacific and the Americas were broadly stable.

Asia Pacific continues to be our largest region with around 60% of the total sales.

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