Melexis (MELE) Q3 2025 earnings summary

Executive summary

• Q3 2025 sales reached €215.3 million, down 13% year-over-year but up 2% sequentially, with strong performance in motor drivers and pressure sensors, and net profit at €27.5 million, down 46% year-over-year.

• Nine-month 2025 sales totaled €625.1 million, a 15% decrease year-over-year, with 88% from automotive and 12% from non-automotive applications.

• Nine new products launched year-to-date, including three in Q3, with significant design wins, especially for 48V EV architecture.

• Non-automotive opportunities, such as robotics and tactile sensing, are expanding, though automotive remains dominant.

Financial highlights

• Q3 2025 gross margin was 38.8% (€83.4 million), down 23% year-over-year, but stable sequentially; operating income was €37.8 million (17.6% margin), down 41% year-over-year, up 6% sequentially.

• Q3 2025 net income was €27.5 million (€0.68/share), down 46% year-over-year and 27% sequentially.

• Nine-month 2025 EBIT was €102.5 million (16.4% margin), down 47% year-over-year; net result was €89.9 million (€2.23/share), down 41% year-over-year.

• R&D expenses were 12.8% of sales, G&A 6.1%, and selling 2.3%.

• Inventory at end of Q3 was €299.1 million, up from €252.4 million a year earlier.

Outlook and guidance

• Q4 2025 sales expected between €215–€220 million.

• Full-year 2025 sales expected at €840–€845 million, gross margin around 39%, operating margin around 16%, with CAPEX revised down to €35 million from €40 million.