Netlist Reports Third Quarter 2026 Results
PR Newswire•10/11/2026•16:15 ET
0
Key Highlights
- ➤Net sales $105.1 million, up 149% year over year
- ➤Samsung license fees contributed $44.9 million in recognized revenue
- ➤Net income $85.4 million, or $0.22 diluted EPS, versus loss
- ➤Cash, cash equivalents and restricted cash reached $327.7 million
- ➤Net product sales $60.2 million, up 43% year over year
Expert Statements
C.K. Hong, Chief Executive Officer of Netlist
“We are pleased to report our third consecutive quarter of significant year-over-year revenue growth and improved profitability led by both product sales and the recognition of license revenue under our Samsung agreement.”
C.K. Hong, Chief Executive Officer of Netlist
“Year-over-year product revenue growth was driven by strong demand from customers in AI and data center applications.”
Gail Sasaki, Chief Financial Officer of Netlist
“Gross margins improved and was driven by our focus on higher margin opportunities.”
Gail Sasaki, Chief Financial Officer of Netlist
“During the quarter, we substantially strengthened our balance sheet with the initial proceeds from our Samsung agreement and generated operating cash flow of $245 million.”
Net sales rose 149% year over year to $105.1 million and included initial license fees from Samsung
Strengthened balance sheet with cash, cash equivalents and restricted cash rising to $327.7 million at quarter-end
Get started
Create a free account to read the full story.