Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com -- Melexis NV (BR:MELE) on Wednesday reported third-quarter sales of €215 million with a gross margin of 38.8%, broadly matching analyst estimates. The company’s EBIT margin reached 17.6%, exceeding expectations due to lower operating expenses.
The Belgian semiconductor manufacturer provided fourth-quarter revenue guidance of €215-220 million, with the midpoint slightly below analyst forecasts of €220 million. For the full year 2025, Melexis expects revenue of around €840-845 million, with a gross margin of approximately 39% and an operating margin of about 16%.
Melexis has reduced its 2025 capital expenditure plan from €40 million to €35 million. The company’s automotive segment continues to represent 88% of total revenue.
During the third quarter, Melexis secured two of its largest design wins, including a motor driver for 48V architecture for electric vehicles. The company is also expanding its portfolio with new products for non-automotive applications such as robotics and server cooling.
Like other automotive chip suppliers, Melexis is experiencing a slow recovery following the inventory correction. This muted recovery is attributed to geopolitical concerns and tariff-related caution among tier 1 suppliers and OEMs.
However, the company anticipates improvement in 2026 due to low supply chain inventories.
Melexis shares currently trade at €62.15, with analysts at Jefferies maintaining a buy rating and a price target of €84.00, representing a potential upside of 35%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.