Melexis (MELE) Q2 2026 earnings summary

Executive summary

• Q2 2026 sales reached EUR 217.3 million, up 3% year-over-year and 7% sequentially, driven by strong order momentum and growth in position sensors, motor drivers, and innovations for automotive and robotics applications.

• Automotive applications accounted for 89% of Q2 sales, with notable growth in steering, braking, and thermal management.

• Three new products launched in Q2, including a DCDC converter chip for automotive lighting, a world-premier contactless switch, and a digital current sensor for electrified powertrains.

• Robotics segment showed tangible revenue growth and doubled order opportunities, especially in China and the U.S.

• Robust performance in China, with Q3 expected to reach record levels due to local customer demand and successful execution of the China strategy.

Financial highlights

• Q2 2026 gross profit was EUR 87.9 million (40.5% margin), up 6% year-over-year and 9% sequentially; EBIT margin was 17.8%.

• Net income for Q2 2026 was EUR 30.8 million (EUR 0.76/share), down 19% year-over-year but up 33% sequentially.

• H1 2026 sales totaled EUR 419.2 million, up 2% year-over-year, with gross margin at 40.2% and operating margin at 17.1%.

• EBITDA for Q2 2026 was EUR 51.9 million (23.9% margin), up 4% year-over-year.

• Interim dividend of EUR 1.3 gross per share announced.

Outlook and guidance

• Q3 2026 sales expected between EUR 220–225 million.

• H2 2026 sales forecasted at EUR 445–455 million, with gross margin around 41% and operating margin around 18%.

• Full-year 2026 CapEx expected to be around EUR 40 million.

• No price increases planned for 2026; focus remains on volume and long-term customer relationships.