Melexis falls 5.8% after guidance fails to impress

Melexis NV

29/04/2026 08:56

** Shares of Belgian chipmaker Melexis MLXS.BR fell 5.8% at 07:39 GMT to the bottom of Belgium's BEL20 index .BFX as analysts expected a stronger, new guidance for the rest of the year

** Analysts of Degroof Petercam said the rally in share price in recent months was misaligned with the reiterated guidance

** Melexis guided for sales in the first half of the year to be on par with the same period last year

** Melexis stock is up 14% this year, including today's fall, following a global rally in semiconductor stocks

** "Guidance repeated, suggests softer slope of recovery in Q2 2026", Degroof Petercam analysts said in a note downgrading Melexis to "reduce" from "hold"

** The company reported Q1 revenue at 202.1 million euros ($236.58 million), slightly beating the 198.9 million euros expected in company compiled estimates, while Q1 net income was 23.1 million, below market expectations of 24.9 million euros

($1 = 0.8543 euros)

 (Reporting by Nathan Vifflin in Gdansk)

 ((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))