Melexis Nv Ieper (MLXSF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, everyone, joining us today for the Melexis first quarter 2026 earnings call. I am Philip Ludwig, Investor Relations Director, and with us today are our CEO, Marc Biron, and CFO, Karin Vankeliensven. Earlier today, we published our press release and presentation, which can be found on our website. We will start the call with some brief remarks before taking questions, starting with Marc Biron. Marc, the floor is yours. Thank you, Philippe. Hello, everyone, and welcome to this earnings call. I will share some highlights about our business performance and strategic progress, and then our CFO, Karen Van Grisven, will provide the financial overview and outlook. The results of our first quarter were fully in line with our expectations, taking into account the seasonal factors like the Chinese New Year and the changes of the automotive incentive schemes. Importantly, our profitability grew already in the first quarter, driven by our operational improvements and disciplined cost control. We recorded a 2% increase in sales year over year, which put us on track to achieve our first half 26 sales outlook. Automotive applications have represented 89% of our total sales this quarter. our solutions continue to fully capture the structural growth trends of electrification, ADAS, and premiumization. For example, we are growing multiple opportunities in thermal management with our Trifidium pressure sensor and motor drivers. Trifidium, a world premier launch in 2014, provides accurate and robust pressure sensor technologies which enable easy range extension by optimizing battery performance. Furthermore, we are seeing increased opportunities in ADAS as the industry continues its structural shift towards sear-by-wire and drag-by-wire architecture. Those are safety critical ap...