Melexis NV stock (BE0165385973): Q1 2026 results show revenue growth

Melexis NV, a leading provider of semiconductor solutions for automotive and industrial applications, released its first-quarter 2026 results on May 8, 2026. Revenue reached €182.1 million, marking a 3% increase from €176.8 million in Q1 2025, according to the company press release as of 05/08/2026. Gross margin improved to 52.8% from 51.2% last year, reflecting operational efficiencies.

The stock traded at €78.50 on May 11, 2026, on Euronext Brussels (ticker: MELE), up 1.2% from the previous close, per Euronext data as of 05/11/2026. Melexis reaffirmed its 2026 revenue guidance of €750-800 million and gross margin of 52-54%, supported by robust demand in electric vehicle sensors.

As of: 11.05.2026

By the editorial team – specialized in equity coverage.

Melexis NV: core business model

Melexis NV designs, develops, and sells integrated circuits focused on automotive applications such as position sensors, current sensors, and motor drivers. Founded in 1988 and headquartered in Ieper, Belgium, the company serves major global automakers with products enabling advanced driver assistance systems (ADAS) and electrification. In 2025, automotive accounted for over 90% of revenue, per the annual report published March 2026.

Melexis operates a fabless model, outsourcing manufacturing to foundries while maintaining strong in-house R&D. This structure supports scalability amid rising demand for electric vehicles (EVs) and autonomous driving tech, key areas for US investors tracking semiconductor exposure to the US auto sector.

Main revenue and product drivers for Melexis NV

Position sensors represent the largest product line, contributing around 40% of sales, followed by LIN/Bluetooth ICs and power management solutions. Q1 2026 saw particular strength in current sensors for battery management systems, up 15% year-over-year, as noted in the earnings release on May 8, 2026.

Geographically, Europe drives 60% of revenue, with Asia and the Americas each at 20%. US exposure comes via partnerships with North American OEMs like Ford and GM, benefiting from the Inflation Reduction Act's push for EV production.

Industry trends and competitive position

The automotive semiconductor market is projected to grow 12% annually through 2030, per S&P Global as of 04/2026. Melexis differentiates through high-precision magnetic sensing technology, holding a strong position against rivals like Infineon and Allegro Microsystems.

Recent trends include silicon carbide adoption for EVs, where Melexis is expanding its portfolio. This positions the company well in the US market, home to Tesla and a burgeoning EV supply chain.

Why Melexis NV matters for US investors

Melexis products are integral to US automakers' electrification strategies. With US EV sales expected to reach 40% market share by 2030, per Statista data from Q1 2026, the company's sensors enable efficient powertrains. Its Euronext listing offers US retail investors access via ADRs or direct trading on US platforms.

Q1 2026 results in detail

EBITDA for the quarter stood at €88.2 million, a 5% rise from Q1 2025, with net profit at €67.4 million. Management highlighted supply chain stabilization as a key factor, per the investor presentation as of 05/08/2026.

Conclusion

Melexis NV's Q1 2026 performance underscores resilience in the automotive chip sector, with revenue growth and stable guidance amid global EV transitions. US investors may note the company's role in key supply chains, though currency fluctuations and trade tensions remain factors. The reaffirmed outlook provides continuity for monitoring upcoming quarters.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.