Netlist — Third Quarter 2026 Earnings Summary

Netlist, Inc. reported third-quarter 2026 net sales of $105.1 million, representing a 149% year-over-year increase driven by $44.9 million in license fees from Samsung and $60.2 million in product sales. The company achieved a gross margin of 65.5% and reported net income of $85.4 million, or $0.22 per diluted share, compared to a net loss in the prior year period. Cash, cash equivalents, and restricted cash rose to $327.7 million at the end of the quarter, primarily due to initial and quarterly payments received from Samsung. Additionally, the company generated $245 million in operating cash flow and strengthened its balance sheet significantly during the period.