Melexis Q1 2026 results – First quarter sales of 202.1 million EUR
Press release - Regulated Information
Intermediate declaration by the Board of Directors
Ieper, Belgium – April 29th, 2026, 07.00 hrs CET
Sales for the first quarter of 2026 were 202.1 million EUR, an increase of 2% compared to the same quarter of the previous year and a decrease of 6% compared to the previous quarter. The EUR/USD exchange rate evolution had a negative impact of 4% on sales compared to the same quarter of last year and no impact on sales compared to the previous quarter.
The gross result was 80.6 million EUR or 39.9% of sales, an increase of 7% compared to the same quarter of last year and a decrease of 2% compared to the previous quarter.
R&D expenses were 14.5% of sales, G&A was at 6.8% of sales and Selling was at 2.2% of sales.
The operating result was 33.2 million EUR or 16.4% of sales, an increase of 14% compared to the same quarter of last year and an increase of 5% compared to the previous quarter.
The net result was 23.1 million EUR or 0.57 EUR per share, a decrease of 6% compared to 24.6 million EUR or 0.61 EUR per share in the first quarter of 2025 and an increase of 2% compared to the previous quarter.
Outlook
Melexis confirms its outlook, and expects sales in the first half of 2026 to be around the same level as the previous year. Sales in the second half of 2026 are expected to grow compared to the first half of 2026. For the first half of 2026, Melexis expects a gross profit margin around 40% and an operating margin around 17%, all taking into account a EUR/USD exchange rate of 1.17. For the full year 2026, Melexis expects CAPEX to be around 40 million EUR.
Business update
Sales of 202.1 million EUR in the first quarter of 2026 were above the same period last year and are on track to achieve the first half 2026 sales guidance. The outperforming product lines were position sensors and pressure sensors. Automotive applications represented 89% of total sales in the first quarter of 2026.
Melexis introduced 2 new products on the market in Q1 2026, including a high-precision inductive position sensor for safe, reliable and cost-effective operation of mechanical joints in robots and other industrial markets. We also launched our latest motor driver, which is the first of a family of products specifically designed for cooling fans for servers and data centers, and which can also be used in automotive seat ventilation.
Quote from CEO Marc Biron
"We recorded first quarter 2026 results in line with our expectations, which took into account seasonal factors and changes to incentive schemes for automotive purchases. Importantly, profitability improved already in the first quarter, based on both operational improvement and disciplined cost control.
Our automotive focus areas are designed to fully capture the structural growth trends of electrification, ADAS, and premiumization. For example, we grew customer opportunities in HVAC thermal management applications to optimize cabin temperatures with our Triphibian® pressure sensors and motor drivers for valve actuators. Opportunities also increased in ADAS for inductive and magnetic position sensors, as well as motor drivers, as the industry continues to transition toward steer-by-wire and brake-by-wire architectures. And we gained sizable new opportunities for ambient and animated LED automotive lighting.
Outside of automotive, we continue to see very strong interest in our portfolio of inductive and magnetic position sensors, and motor drivers, all to address needs for robotic joints. Together with our unique Tactaxis® technology to provide robots with the sense of touch, we are accelerating the development of physical AI to bring real world benefits."
Financial Calendar
- Annual Shareholders Meeting May 12, 2026
- Dividend ex coupon date May 19, 2026
- Dividend record date May 20, 2026
- Dividend pay date May 21, 2026
- 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)
The company’s results will be discussed in a conference call and an audio webcast on Wednesday, April 29th, 2026 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:
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