Melexis Q3 2025 results – Third quarter sales of 215.3 million EUR
Press release - Regulated Information
Intermediate declaration by the Board of Directors
Ieper, Belgium – October 29th, 2025, 07.00 hrs CET
Sales for the third quarter of 2025 were 215.3 million EUR, a decrease of 13% compared to the same quarter of the previous year and an increase of 2% 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 1% on sales compared to the previous quarter.
The gross result was 83.4 million EUR or 38.8% of sales, a decrease of 23% compared to the same quarter of last year and an increase of 1% compared to the previous quarter.
R&D expenses were 12.8% of sales, G&A was at 6.1% of sales and Selling was at 2.3% of sales.
The operating result was 37.8 million EUR or 17.6% of sales, a decrease of 41% compared to the same quarter of last year and an increase of 6% compared to the previous quarter.
The net result was 27.5 million EUR or 0.68 EUR per share, a decrease of 46% compared to 51.2 million EUR or 1.27 EUR per share in the third quarter of 2024 and a decrease of 27% compared to the previous quarter.
Sales for the first nine months of 2025 were 625.1 million EUR, a decrease of 15% compared to the first nine months of 2024. The EUR/USD exchange rate evolution had a negative impact of 1% on sales compared to the first nine months of 2024.
The gross result was 241.7 million EUR or 38.7% of sales, a decrease of 25% compared to the same period last year. R&D expenses were 13.6% of sales, G&A was at 6.4% of sales and Selling was at 2.3% of sales.
The operating result was 102.5 million EUR or 16.4% of sales, a decrease of 47% compared to 192.3 million EUR in the same nine months of 2024.
The net result was 89.9 million EUR or 2.23 EUR per share, a decrease of 41% compared to 153.2 million EUR or 3.79 EUR per share in the first nine months of 2024.
Outlook
Melexis expects sales in the fourth quarter of 2025 to be in the range of 215 to 220 million EUR. For the full year 2025, Melexis expects sales to be in the range of 840 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 35 million EUR (previously around 40 million EUR).
Business update
Sales of 215.3 million EUR in the third quarter of 2025 landed just above the top end of the guidance, and resulted in sales of 625.1 million EUR for the first nine months of 2025. The outperforming product lines in the third quarter were motor drivers and pressure sensors. Sales for non automotive applications represented 12% of total sales in the third quarter of 2025, while 88% of Melexis sales were for automotive applications.
Melexis launched 3 new products in Q3 2025 making a total of 9 new products in the first nine months of 2025. We added a new latch for smaller yet robust motor applications such as automotive seats and windows, and an upgrade to our smart current, voltage & temperature (IVT) sensor enabling more precise temperature measurement in safety-critical applications including automotive batteries and DC fast charging. For smart industrial and consumer sectors we launched an embedded motor driver for applications such as smart fans for server cooling and smart valves.
Quote from CEO Marc Biron
"We delivered a third consecutive quarter of sequential improvement in our operating results. Q3 2025 sales grew thanks to good performances in the five automotive strategic growth areas targeted by Melexis and further growth outside of automotive applications. Gross margin remained stable as anticipated and the EBIT margin rose due to ongoing fixed cost control.
We continued extending our product portfolio, with the number of new products designed for applications outside of automotive such as robotics this year confirming our aim to capture substantial growth in these markets.
Converting our innovations into design wins drives future sales. In Q3 2025 we recorded our two largest design wins year to date, including a motor driver specifically designed for 48V architecture of EV automobiles which is increasingly in demand by our customers.
Overall we are making good progress on our commercial, operational, and strategic objectives, and look forward to sharing more details at our Capital Markets Day on November 5th."
Financial Calendar
- Capital Markets Day: November 5, 2025
- Publication FY 2025 Results: February 4, 2026 (at 7 hrs CET)
- Publication Q1 2026 Results: April 29, 2026 (at 7 hrs CET)
- Publication Q2 2026 Results: July 29, 2026 (at 7 hrs CET)
- Publication Q3 2026 Results: October 28, 2026 (at 7 hrs CET)
- Publication FY 2026 Results: February 3, 2027 (at 7 hrs CET)
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