Netlist Reports Strong Q3 2026 Financials

IRVINE, Calif., Nov. 10, 2026 /CourierPR/ -- Netlist, Inc., a leading innovator in advanced memory and storage solutions, reported significant financial achievements for the third quarter ended September 26, 2026. The company's net sales for the quarter rose 149% year over year to $105.1 million, a substantial increase that was bolstered by initial license fees from Samsung. These license fees amounted to $44.9 million, representing the recognition of amortization of the upfront license fee and the first quarterly license fee.

The company's financial health was further enhanced by a significant increase in cash, cash equivalents, and restricted cash, which rose to $327.7 million at quarter-end, up from $40.7 million at the end of June 27, 2026. This growth was primarily attributed to the initial cash payment of $200 million and the first quarterly payment of $27.5 million by Samsung.

Netlist's third quarter 2026 results also showed a notable improvement in gross margin, which increased to 65.5% compared to a mere 4.4% in the third quarter of 2025. This improvement was largely due to the recognition of license revenue, which has no associated cost of sales, and higher product gross margins. The operating income for the quarter improved from a loss of $7.2 million in the third quarter of 2025 to a profit of $40.6 million, marking a significant turnaround.

Netlist's net income for the third quarter of 2026 was $85.4 million, or $0.22 per diluted share, a substantial improvement from the net loss of $7.0 million, or $(0.02) per share, in the third quarter of 2025. This positive financial performance was attributed to the strong growth in product sales and the recognition of license revenue under the Samsung agreement.

Netlist will host an investor conference call today, November 10, 2026, at 5:00 p.m. Eastern Time to review the company's results for the third quarter ended September 26, 2026. The live webcast and archived replay of the call can be accessed for 90 days in the Investors section of Netlist's website at www.netlist.com.

Netlist is a leading innovator in advanced memory and storage solutions, with a rich portfolio of patented technologies that are foundational to the advancement of AI computing. The company's plans for its intellectual property, including strategies for monetizing, licensing, expanding, and defending its patent portfolio, are expected to continue to drive future growth and profitability.