Melexis reports Q3 results in line with expectations, cuts capex plan By Investing.com
Update: 2025-10-29
Description
Melexis, a Belgian chip manufacturer, reported Q3 sales of €215 million, slightly below analysts' expectations. Despite this, their EBIT margin of 18% beat forecasts due to lower operational spending. Looking ahead, Melexis predicts Q4 revenue between €215-220 million and full-year 2025 revenue of €840-845 million. They aim to reduce capital expenditure by €5 million to €35 million. The automotive sector remains dominant, but Melexis is expanding into robotics and server cooling systems. Despite slow recovery due to industry inventory correction and geopolitical uncertainty, analysts like Jefferies remain optimistic, with a buy rating and a price target of €84, representing a 35% increase from current levels.
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