Melexis Q2 2025 results – Second quarter sales of 211.6 million EUR
Press release - Regulated Information
Intermediate declaration by the Board of Directors
Ieper, Belgium – July 30th, 2025, 07.00 hrs CET
Sales for the second quarter of 2025 were 211.6 million EUR, a decrease of 14% compared to the same quarter of the previous year and an increase of 7% compared to the previous quarter. The EUR/USD exchange rate evolution had a negative impact of 2% on sales compared to the same quarter of last year and a negative impact of 3% on sales compared to the previous quarter.
The gross result was 82.6 million EUR or 39.0% of sales, a decrease of 24% compared to the same quarter of last year and an increase of 9% compared to the previous quarter.
R&D expenses were 13.6% of sales, G&A was at 6.3% of sales and Selling was at 2.3% of sales.
The operating result was 35.7 million EUR or 16.8% of sales, a decrease of 45% compared to the same quarter of last year and an increase of 23% compared to the previous quarter.
The net result was 37.8 million EUR or 0.94 EUR per share, a decrease of 23% compared to 49.1 million EUR or 1.21 EUR per share in the second quarter of 2024 and an increase of 54% compared to the previous quarter.
Sales for the first half year of 2025 were 409.8 million EUR, a decrease of 16% compared to the first half year of 2024. The EUR/USD exchange rate evolution had no impact on sales compared to the first half year of 2024.
The gross result was 158.3 million EUR or 38.6% of sales, a decrease of 27% compared to the same period last year. R&D expenses were 14.0% of sales, G&A was at 6.5% of sales and Selling was at 2.4% of sales.
The operating result was 64.6 million EUR or 15.8% of sales, a decrease of 50% compared to 128.1 million EUR in the same half year of 2024.
The net result was 62.4 million EUR or 1.54 EUR per share, a decrease of 39% compared to 102.0 million EUR or 2.53 EUR per share in the first half year of 2024.
Dividend
The Board of Directors decided to pay out an interim dividend of 1.30 EUR gross per share. The Melexis shares will start trading ex coupon on October 14, 2025 (opening of the market). The record date is October 15, 2025 (closing of the market) and the dividend will be payable as from October 16, 2025.
Outlook
Melexis expects sales in the third quarter of 2025 to be in the range of 210 to 215 million EUR. For the full year 2025, Melexis expects sales to be in the range of 835 to 845 million EUR, with a gross profit margin around 39% and an operating margin around 16%, all taking into account a EUR/USD exchange rate of 1.17 for the remainder of the year. For the full year 2025, Melexis expects CAPEX to be around 40 million EUR (previously around 50 million EUR).
Business update
Sales of 211.6 million EUR in the second quarter of 2025 resulted in sales of 409.8 million EUR for the first half of 2025, above the guidance of around 400 million EUR. The outperforming product lines in the second quarter were motor drivers, latch & switch and inductive position sensors. Sales for Beyond Automotive applications represented 12% of total sales in the second quarter of 2025, while 88% of Melexis sales were for automotive applications.
In the second quarter Melexis added a new thermographic infrared sensor to help engineers with temperature monitoring to enhance safety and performance across household, industrial and AI-driven applications.
Additionally, Melexis continues to leverage its proven Triaxis® technology by launching a magnetic position sensor designed to broaden its use to joystick and Human-Machine Interface (HMI) applications in industrial, construction, agriculture and medical sectors.
Quote from CEO Marc Biron
"The second quarter of 2025 showed improvement versus the first quarter for sales and margins. Customers continued to deplete their inventories in the second quarter, and we are able to meet their increased short-term orders. Our Q2 sales were ahead of expectations thanks to sequential growth in China and EMEA, and from an application perspective there were good performances in powertrain and interior lighting for automotive, and in cooling fans for consumer appliances and data centers.
Innovation remains the driver of our success. Design wins in the second quarter showed that Melexis continues to capture opportunities in China and Europe. The top 10 design wins featured 4 in the powertrain split equally over internal combustion and electric motors, and 6 outside the powertrain ranging from braking to lighting applications.
We launched another two new products for Beyond Automotive applications, and among our design wins in the quarter we secured new business for inductive position sensing in sophisticated service robots. The robotics market has a lot of potential for Melexis in the next 5 to 10 years."
The statutory auditor, PwC Bedrijfsrevisoren BV / Reviseurs d’Entreprises SRL represented by Griet Helsen, acting on behalf of Griet Helsen BV, has confirmed that the review of the Condensed consolidated interim income statement, the Condensed consolidated interim statement of financial position and the Condensed consolidated interim statement of cash flows as per June 30, 2025, is substantially completed and concluded that to date, based on the review, nothing has come to the attention that causes them to believe that the Condensed consolidated interim income statement, the Condensed consolidated interim statement of financial position and the Condensed consolidated interim statement of cash flows are not prepared, in all material respects, in accordance with IAS 34, as adopted by the European Union.
Financial Calendar
- Dividend pay date: October 16, 2025 (ex coupon on October 14, 2025)
- Publication Q3 Results 2025: October 29, 2025 (at 7 hrs CET)
- Capital Markets Day: November 5, 2025
- Publication FY 2025 Results: February 4, 2026 (at 7 hrs CET)
The company’s results will be discussed in a conference call and an audio webcast on Wednesday, July 30th, 2025 at 10:30 hrs CET.
To register for the conference call (possibility to ask questions)
The conference call will be in English. You have to register for this conference call in advance. You can register by clicking here and filling out the requested information. After registration, you will receive the conference call number, a participant user pin, conference pin and instructions on how to join the conference call. For security purposes, all participants must register individually if they wish to join the call.
To register for the audio webcast (no possibility to ask questions)
You can register for the audio webcast by clicking here.
For more information:
Investors
Investor Relations
Email: investor@melexis.com
Journalists
Brand & Communications
Email: brandcomms@melexis.com
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