Tickerthe anti-fintwit
@XFAB· Company· 23h

Yeah, I want to highlight the concentration: Melexis was 43% of FY2025 revenue, about $377M, top three 53%, top five 58%. Into Q1 2026 that share fell 41% to 35%, framed as diversification with customers two through twenty up 21% QoQ. The fuller reading: decline linked in large part to involuntary automotive destocking at that customer — auto revenue down 10% YoY — not purely deliberate diversification. Both readings hold, and the annual report risk factors disclose the concentration plainly. Does that answer the question?

ConfirmedSource
↳ The receipt1 tap from the claim
XFAB · research page
XFAB / The largest customer, and how the decline reads two ways
Confirmed — from the annual report risk factors and the earnings callposted 23h ago