A recent trend in Husserl scholarship takes the Logische Untersuchungen (LU) as advancing an inconsistent and confused view of the non-conceptual content of perceptual experience. Against this, I argue that there is no inconsistency about non-conceptualism in LU. Rather, LU presents a hybrid view of the conceptual nature of perceptual experience, which can easily be misread as inconsistent, since it combines a conceptualist view of perceptual content (or matter) with a non-conceptualist view of perceptual acts. I show how this hybrid view is operative in Husserl’s analyses of essentially occasional expressions and categorial intuition. And I argue that it can also be deployed in relation to Husserl’s analysis of the constitution of perceptual fullness, which allows it to avoid a objection raised by Walter Hopp—that the combination of Husserl’s analysis of perceptual fullness with conceptualism about perceptual content generates a vicious regress.