Melexis tops BEL20 after supportive Q3 results

Melexis NV

29/10/2025 08:52

** Shares of Melexis rise 7.1% at 07:34 GMT to the top of Belgium's main index BEL20 .BFX after it reported broadly inline Q3 results with a slight beat on revenue

** Shares of the Belgian chip designer are on track for their biggest single day gains since June this year, if they hold

** "The stock was quite weak going into the update given ongoing weaknesses in automotive semiconductors" analyst Marc Hesselink of ING said in an email

** The small beat is most likely seen as a relief for the stock, he adds

** Q3 sales reached 215.3 million euros ($251.08 million) against LSEG analyst estimates of 215.2 million euros

($1 = 0.8575 euros)

 (Reporting by Nathan Vifflin in Gdansk)

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