Earnings Releases·Nov 10, 2026, 4:15 PM ET

Netlist — Third Quarter 2026 Earnings Summary

Net sales surged 149% year-over-year to $105.1 million, driven by $44.9 million in new license fee revenue from Samsung and a 43% increase in product sales to $60.2 million.
The company achieved a major profitability turnaround with operating income of $40.6 million (vs. a $7.2 million loss in 2025) and net income of $85.4 million, supported by a gross margin expansion to 65.5%.
The balance sheet strengthened significantly, with cash reserves rising to $327.7 million and stockholders' equity turning positive at $157.9 million, while the revolving line of credit was paid down to $0.
Future outlook remains focused on AI and data center demand, though management notes risks regarding the collection of license fees from Samsung and Micron, as well as ongoing patent litigation with Google.