Netlist Reports Strong Q1 2026 Results: $8.6M Net Income, 262% Revenue Growth
NLST has more than doubled off its 52-week low of $0.446 on elevated volume (6.7× avg).
Summary
Netlist reported exceptionally strong first-quarter 2026 financial results, with net sales surging 262% year-over-year and the company achieving a net income of $8.6 million, a significant turnaround from a loss in the prior year.
Key Events · Earnings and Guidance · NLST
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Strong Revenue Growth
Net sales for the first quarter of 2026 were $104.9 million, an increase of 262% compared to the first quarter of 2025 and up from $75.7 million in Q4 2025.
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Significant Profitability Turnaround
The company reported a net income of $8.6 million for Q1 2026, a substantial improvement from a net loss of $9.5 million in Q1 2025 and a net loss of $2.2 million in Q4 2025.
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Gross Profit Surge
Gross profit for Q1 2026 was $22.4 million, representing a 1,622% increase compared to $1.3 million in Q1 2025.
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Positive Earnings Per Share
Basic and diluted earnings per common share were $0.03, a significant positive shift from a loss of $(0.03) per share in the prior year's first quarter.
Analysis · NLST · Manufacturing
Netlist delivered exceptionally strong first-quarter results, marking a significant turnaround from previous losses. The substantial year-over-year revenue growth of 262% and a dramatic 1,622% increase in gross profit demonstrate robust demand for its memory products. Achieving a net income of $8.6 million, compared to a $9.5 million loss in the prior year, provides a much-needed boost to the company's financial health, especially following concerns about shareholder dilution and material weaknesses highlighted in its recent 10-K. The CEO's comments on capitalizing on AI memory technologies (DDR5 and HBM) suggest a positive outlook for continued growth, supporting the stock's current position near its 52-week high.
At the time of this filing, NLST was trading at $3.49 on OTC in the Manufacturing sector, with a market capitalization of approximately $1.1B. The 52-week trading range was $0.45 to $3.67. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.