adminMelexis NV (MLXSF) Q4 2025 Earnings Call February 4, 2026 5:00 AM EST
Company Participants
Philip Ludwig – Investor Relations Director
Marc Biron – MD, CEO & Director
Karen Van Griensven – Chief Financial Officer
Conference Call Participants
Aleksander Peterc – Bernstein Institutional Services LLC, Research Division
Amelia Banks – BofA Securities, Research Division
Janardan Menon – Jefferies LLC, Research Division
Craig Mcdowell – JPMorgan Chase & Co, Research Division
Francois-Xavier Bouvignies – UBS Investment Bank, Research Division
Robert Sanders – Deutsche Bank AG, Research Division
Guy Sips – KBC Securities NV, Research Division
Marc Hesselink – ING Groep N.V., Research Division
Michael Roeg – Banque Degroof Petercam S.A., Research Division
Nigel van Putten – Morgan Stanley, Research Division
Presentation
Philip Ludwig
Investor Relations Director
Welcome, everyone, joining us today for the Melexis Fourth Quarter and Full Year 2025 Earnings Call. I’m Philip Ludwig, Investor Relations Director at Melexis, and I’m joined today by our CEO, Marc Biron; and CFO, Karen Van Griensven. Earlier today, we published our press release and presentation, which can be found on our website. We will start with some brief remarks on the business and financials before taking your questions, starting with Marc Biron. Marc, the floor is yours.
Marc Biron
MD, CEO & Director
Thank you, Philip. Hello, everyone, and welcome to this earnings call. Let me start by sharing some perspective on the full year of 2025 and how we see 2026 as of today. Then we will discuss the last quarter of 2025.
Looking back at 2025, at the beginning of the year, we had entered a phase of customer inventory correction later than our peers. We are now in a period with more geopolitical uncertainties and more short-term volatility in demand. The period of customer inventory correction was largely completed by the summer. As a result, our sales were stable or grew sequentially as the year has
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