With 90% of revenue derived from automotive semiconductors, Melexis maintains a fab-light business model with global operations across 14 locations. The company is well-positioned in the cyclical automotive chip market, focused on position, pressure, current, temperature, and magnetic sensors that convert real-world signals into digital controls for modern vehicles.
Cyborg Score Rationale
Melexis has strong market positioning in the growing EV and ADAS segments with diversified automotive applications. However, the company faces cyclical revenue challenges, experiencing a 10% revenue decline in 2025 to €839.6M. Earnings dropped 34.4%, reflecting sector headwinds despite strategic advantages in semiconductor design.
Top Insights
2025 revenue declined 10% to €839.6M with earnings falling 34.4%, reflecting automotive sector weakness
Company guided for H1 2026 sales aligned with H1 2025 levels, with expected sequential growth in H2
Heavy concentration in automotive (90% of revenue) creates cyclicality but also positions company for EV upcycle
Active share buyback program ongoing as of February 2026, indicating management confidence in valuation