Melexis tank as Q4 results erased recovery hopes in 2026

Melexis NV

04/02/2026 08:48

** Shares of Melexis MLXS.BR fell 10.9% at 08:23 GMT to the bottom of Belgium's BEL20 .BFX index after Q4 results missed analysts expectations "top to bottom"

** If losses hold, it will be the largest single day loss since its last fourth-quarter results a year ago

** The Belgian chip designer reported Q4 sales at 214.5 million euros ($253.77 million), with the quarter's operating result at 31.5 million euros

** "Q4 misses from top to bottom: 1-2% on sales, 13-15% on EBIT. Guidance Q1-26 and Q2-26 misses on sales by resp. 10-11% and 7%, guidance H1-26 misses on sales, gross profit, and operating profit", said Degroof Petercam analyst Michael Roeg in a note

** This release invalidates expectations of a convincing return to growth in 2026, Bernstein analyst Aleksander Peterc said

** "The automotive industry's demand continues to be cautious and choppy between quarters. They (Melexis) indicated they remain in an uneven recovery" said KBC Securities analyst Guy Sips in a note

($1 = 0.8452 euros)

 (Reporting by Nathan Vifflin in Gdansk)

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