Q4 2025 Melexis NV Earnings Call Transcript
Key Points
- Melexis NV (MLXSF) achieved a year-on-year sales growth of 9% in Q4 2025, with China posting its highest ever sales.
- The company launched 19 new products targeting growth trends in automotive and robotics, including a game-changing inductive sensor for steer-by-wire applications.
- Melexis NV (MLXSF) is accelerating its China strategy, including localization of the supply chain and establishing a dedicated robotics team.
- The company is experiencing strong double-digit growth in India and is finalizing the setup of a Melexis entity to serve customers locally.
- Melexis NV (MLXSF) expects gross profit margins to improve to around 40% in the first half of 2026, driven by improvements in cost of yield.
- Sales for the full year 2025 decreased by 10% compared to the previous year, with a negative impact from the euro-US dollar exchange rate.
- The operating result for 2025 decreased by 39% compared to 2024, and the net result decreased by 34%.
- The company is facing volatility in demand, particularly in China, with alternating strong and weak sales quarters.
- Melexis NV (MLXSF) anticipates flat sales in the first half of 2026 compared to the previous year, with growth expected only in the second half.
- The company is experiencing pricing pressure, with mid-single-digit price erosion expected in 2026.
Welcome to everyone joining us today for the Melexis fourth quarter and full year 2025 earnings call. I'm Philip Ludwig, Investor Relations Director at Melexis. And I'm joined today by 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 with some brief remarks on the business and financials before taking your questions.
Starting with Marc Biron. Marc, the floor is yours.
Thank you, Philip. Hello, everyone, and welcome to this earnings call. Let me start by sharing some perspective on the full year of 2025 and how we see 2026 as of today. Then we will discuss the last quarter of 2025.
Looking back at 2025. At the beginning of the year, we have entered a phase of customer inventory correction later than our peers. We are now in a period with more geopolitical uncertainties and more short-term
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
