Melexis Nv Ieper (MLXSF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone joining us today for the Melexis second quarter 2026 earnings call. I'm Philip Ludwig, Investor Relations Director, and with us today are CEO Marc Biron and CFO Karen Van Griensven. Earlier today, we published our press release and presentation, which can be found on our website. We will start with some brief remarks on the business and financials before taking questions. starting with Marc Biron. Marc, the floor is yours. Thank you, Philip. Hello everyone and welcome to this earnings call. Let me share some brief performance highlights before handing over to Karen for the financial overview and outlook. To start, I'm pleased to see that Q2 sales has developed well and came in ahead of our outlook. We have seen customer orders increasing as we have progressed through the quarter. We are seeing good growth, particularly in position sensors, a core Melexis strength, where we are able to address demanding automotive requirements such as steering and braking with both magnetic and inductive sensors. Those products are also gaining traction with robotic customers. We see also growth in motor drivers for thermal management applications, in cabins and under the hood, but also in robotic joints. Next to improving top line, we grew margin and we are in line with our first half 26 outlook. Melexis continues to bring innovations to the market with three new products in Q2, designed to address automotive customer needs. In automotive lighting, We have launched a chip with a DC-DC converter. This product architecture reduces the cost of the module of our customer and improves the module robustness against electromagnetic disturbances. We have also launched a world premiere switch for contactless detection of up to 4 positions. It can be used for example in seat t...