Melexis Q2 2026 results – Second quarter sales of 217.1 million EUR
Press release - Regulated Information
Intermediate declaration by the Board of Directors
Ieper, Belgium – July 29th, 2026, 07.00 hrs CET
Sales for the second quarter of 2026 were 217.1 million EUR, an increase of 3% 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 1% on sales compared to the same quarter of last year and no impact on sales compared to the previous quarter.
The gross result was 87.9 million EUR or 40.5% of sales, an increase of 6% compared to the same quarter of last year and an increase of 9% compared to the previous quarter.
R&D expenses were 13.8% of sales, G&A was at 6.7% of sales and Selling was at 2.2% of sales.
The operating result was 38.6 million EUR or 17.8% of sales, an increase of 8% compared to the same quarter of last year and an increase of 16% compared to the previous quarter.
The net result was 30.8 million EUR or 0.76 EUR per share, a decrease of 19% compared to 37.8 million EUR or 0.94 EUR per share in the second quarter of 2025 and an increase of 33% compared to the previous quarter.
Sales for the first half year of 2026 were 419.2 million EUR, an increase of 2% compared to the first half year of 2025. The EUR/USD exchange rate evolution had a negative impact of 2% on sales compared to the first half year of 2025.
The gross result was 168.5 million EUR or 40.2% of sales, an increase of 6% compared to the same period last year. R&D expenses were 14.1% of sales, G&A was at 6.7% of sales and Selling was at 2.2% of sales.
The operating result was 71.7 million EUR or 17.1% of sales, an increase of 11% compared to 64.6 million EUR in the same half year of 2025.
The net result was 53.9 million EUR or 1.33 EUR per share, a decrease of 14% compared to 62.4 million EUR or 1.54 EUR per share in the first half year of 2025.
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 13, 2026 (opening of the market). The record date is October 14, 2026 (closing of the market) and the dividend will be payable as from October 15, 2026.
Outlook
Melexis expects sales in the third quarter of 2026 to be in the range of 220 to 225 million EUR.For the second half of 2026, Melexis expects sales to be between 445 and 455 million EUR, with a gross profit margin around 41% and an operating margin around 18%, all taking into account a EUR/USD exchange rate of 1.15 for the remainder of the year. For the full year 2026, Melexis expects CAPEX to be around 40 million EUR.
Business update
Sales of 217.1 million EUR in the second quarter of 2026 grew 7% sequentially and 3% versus the same period last year, resulting in first half year 2026 sales of 419.2 million EUR, above our guidance. The outperforming applications were steering & braking, and thermal management. Automotive applications represented 89% of total sales in the second quarter of 2026.
New product launches in the second quarter further strengthens our offering in growing automotive trends such as electrification, premiumization and ADAS.
Quote from CEO Marc Biron
"Second quarter 2026 sales came in ahead of expectations as customer demand continued to recover. In particular, position sensors, current sensors and motor drivers grew well. We capture growth in thermal management applications across all powertrains, both in-cabin and under the hood. Elsewhere sales for steering & braking applications, as well as for solar panels, are also higher. We see the improving demand environment in our order book for the rest of the year.
Turning to robotics, first half sales and second half orders are growing strongly, and opportunities nearly doubled in the second quarter with substantial growth in both China and the US. We also booked 4 solid design wins with our sense and drive products, enabling physical AI in robotics.
Overall, I am encouraged by the recovery set to drive sales growth in the second half of 2026, and more sales opportunities in the structural automotive growth trends of electrification, ADAS, and premiumization, as well as new markets like robotics."
The statutory auditor, EY Bedrijfsrevisoren BV, represented by Olaf Janssen, has confirmed that the review procedures, which have been substantially completed, have not revealed any material misstatement in the accounting information included in this press release as of and for the six months ended June 30, 2026.
Financial Calendar
- Dividend ex-coupon date October 13, 2026
- Dividend record date October 14, 2026
- Dividend pay date October 15, 2026
- 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 English in an audio webcast and conference call on Wednesday, July 29th, 2026 at 10:30 hrs CET. Joining this event requires registration in advance.
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You can register for the audio webcast by clicking here.
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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.
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