Melexis Nv Ieper (MLXSF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome, everyone. Joining us today for Melexis' second quarter 2025 earnings call. I'm Philippe Ludwig, investor relations at Melexis, and today I'm joined by your speakers, CEO Marc Viron and CFO Karin van Gliensven. Marc, please go ahead. Thank you, Philippe. Hello, everyone, and welcome to this earnings call. I will briefly discuss our second quarter performance Then I will hand over to Karen for our financial overview and outlook. So on-quarter sales grew sequentially and has included in-quarter customer orders. We are able to support this increase of these short-term orders because of the inventory we continue to build up in order to be ready for the next upturn in demand. We have recorded double-digit quarter-on-quarter sales growth in both China and EMEA. Sales for automotive applications were 88% of the total sales and I would like to highlight powertrain sales which grew both for internal combustion engines and electric motors. In interior lighting, where we have a leading position, sales were also up to double digits. Sales for beyond automotive applications were 12% of total sales We had mainly outperformance in cooling fans for consumer appliances and data centers. While today these applications are a small part of our sales, those show important growth opportunities for the future. To capture these opportunities, we continue to launch dedicated new products for Beyond Automotive applications. In the second quarter, we have added a temperature sensor which enables high accuracy and cost-effective solutions across household, industrial and AI-driven applications. We have also leveraged our tri-axis technology to launch a magnetic position sensor for joystick and human-machine interface applications. This innovation allows for accurate ope...