diff --git a/gplugins/klayout/netlist_spice_reader.py b/gplugins/klayout/netlist_spice_reader.py
index 41620647..79a6a84b 100644
--- a/gplugins/klayout/netlist_spice_reader.py
+++ b/gplugins/klayout/netlist_spice_reader.py
@@ -54,7 +54,9 @@ def wants_subcircuit(self, name: str):
     @override
     def parse_element(self, s: str, element: str) -> kdb.ParseElementData:
         # Allow Calibre-style model name given as `$[model_name]` by removing the brackets
-        s = re.sub(r"\$\[([^\]]+)\]", r"\1", s)
+        # This is used for resistors and capacitors
+        if element != "X":
+            s = re.sub(r"\$\[([^\]]+)\]", r"\1", s)
 
         x_value, y_value = None, None
         if "$" in s: