Melexis Nv Ieper (MLXSF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome, everyone, joining us today for the Mlexus third quarter 2025 earnings call. I am Philippe Ludwig, Investor Relations Director, and I'm joined by today's speakers, CEO Marc Piron and CFO Garen van Gerintven. We will start with brief remarks on the business and financials before taking your questions, starting with Marc Piron. Marc, the floor is yours. Thank you, Philippe. Hello, everyone, and welcome to this earnings call. In the third quarter of 2025, we delivered sales of €215.3 million, landing just above the top end of our guidance. This confirms another quarter of sequential growth and demonstrates that the recovery, while very gradual, continues. The quarter-to-quarter sales growth was driven mainly by Europe, while Asia-Pacific and the Americas were broadly stable. Asia Pacific continues to be our largest region with around 60% of the total sales. Within our product portfolio, the sales of our motor driver was strong during Q3, especially in automotive HVAC application, as well as in thermal management for EV powertrains. Our pressure sensors also performed well, particularly for internal combustion engine such as fuel management and after-treatment system to reduce emissions. We launched an additional three new products during Q3 for a total of nine products since the beginning of the year. This included a new magnetic sensor for small motor applications such as automotive seats and windows. We have also launched an upgraded sensor measuring current, voltage, and temperature and enabling a more precise measurement in safety-critical applications like automotive batteries and DC fast charging. The third launch was a motor driver for smart fans used for server cooling, which is a very demanded application linked to the AI trend. With a busy queue for ah...