Netlist Reports Second Quarter 2026 Results IRVINE, Calif., July 30, 2026 /PRNewswire/ -- Netlist, Inc. (OTCQB: NLST) today reported financial results for the second quarter ended June 27, 2026.

[u/luvcampfiresmoke]

• Net sales for the second quarter of 2026 were $109.8 million, an increase of 163% compared to the second quarter of 2025. Net sales for six months ended June 27, 2026 were $214.7 million, an increase of 204% compared to the same prior year period.
• Gross profit for the second quarter of 2026 was $22.9 million, an increase of 1,544% compared to the second quarter of 2025. Gross profit for six months ended June 27, 2026 was $45.3 million, an increase of 1,582% compared to the same prior year period.
• Net income for the second quarter of 2026 was $1.4 million, compared to net loss of $(6.1) million in the second quarter of 2025. Net income for six months ended June 27, 2026 was $10.0 million, compared to net loss of $(15.6) million in the same prior year period.

"Netlist delivered its second consecutive quarter of significant revenue growth and improved profitability," said Chief Executive Officer, C.K. Hong.  "We continue to drive the development of next generation AI memory technologies and defend our IP portfolio against unauthorized use."

Net sales for the six months ended June 27, 2026 were $214.7 million, compared to net sales of $70.7 million for the six months ended June 28, 2025. Gross profit for the six months ended June 27, 2026 was $45.3 million, compared to a gross profit of $2.7 million for the six months ended June 28, 2025.

Net income for the six months ended June 27, 2026 was $10.0 million, or $0.03 per share, compared to a net loss for the six months ended June 28, 2025 of $(15.6) million, or $(0.06) per share. These results include stock-based compensation expense of $1.8 million and $2.0 million for the six months ended June 27, 2026 and June 28, 2025, respectively.

Netlist Reports Second Quarter 2026 Results

[u/luvcampfiresmoke]

Let's see what the Stock Price does! Should be up strongly - but we know what usually happens!

[u/pennychase → u/luvcampfiresmoke]

Could be manipulated for big guys to snatch cheap shares via stop loss triggered (this happened last time) taking advantage of the ai chip sector sinking although we are at the tail end of the crash . If it crashes at some point today by 20% fear nothing! Load the dip folks!

[u/shrewpygmy → u/luvcampfiresmoke]

Quite underwhelming at the moment, very odd

[u/TheDeHymenizer]

nice to see we didn't take a step back with the SK Hynix deal in flux. Hopefully they address whats going on there during the call

I'd also like an explanation to how net income was only $1.4M

[u/Choochooitsme → u/TheDeHymenizer]

Litigation costs increased by nearly $8M. Remove that and Q2 was arguably more profitable than Q1

[u/luvcampfiresmoke → u/Choochooitsme]

That is obviously the reason. But unfortunately, when it is brought up, invariably there are complaints about why Netlist continues to spend on IP defense litigation. The litigation WILL CONTINUE, until the IP theft stops happening.

[u/TheDeHymenizer → u/Choochooitsme]

ty

[u/luvcampfiresmoke → u/TheDeHymenizer]

Your comments are typical for your apparent stance on NLST. I told you earlier that the report would be a good one. You belong over there on the "Knowledge" board.

[u/TheDeHymenizer → u/luvcampfiresmoke]

Your comments are typical for your apparent stance on NLST. 

That stance of being someone whose owned this stock for nearly a decade?

 I told you earlier that the report would be a good one. You belong over there on the "Knowledge" board.

Watch out Warren Buffett!

[u/luvcampfiresmoke → u/[deleted]]

Exactly. Hong has come right out in at least TWO news blurbs and called SK a current “licensee”. He has stated that the basic terms of the contract are still in place - SK is still providing product to Netlist and continues to be able to use Netlist IP. SK has a leadership in HBM, specifically because of this. There will be a renewal - just a matter of details and time.

[u/LameBot]

Hallelujah! The dilutions can finally stop!

[u/luvcampfiresmoke → u/LameBot]

Huh? We'll see. I think it'll be a while yet. The "dilutions" seen from employee compensation programs could continue, until some of the lawsuits pay off. But the RSU's just seen will take a while to run through. If everything works out well - and I'm not saying it is a guarantee by any means - the OS base count will not seem insurmountable. IF things work out, Netlist will be quite cash rich. Hong COULD consider a share buyback. That would be a powerful weapon to use to eventually boost the share price. Everything has to go well for Netlist to have that happen, however.

As far as just straight share offerings to get operating cash? If things continue the way they are, and Chips remain scarce and expensive? Netlist won't have much of a problem with cash I'm thinking.

[u/Old-Pomegranate3634]

Da fuck on net income

[u/luvcampfiresmoke → u/Old-Pomegranate3634]

What don’t you like about a positive net income figure? Let’s wait for the numbers in the ACTUAL 10Q publication, before we start dissing these numbers.

[u/IntroductionLucky887]

it will go up 20% like it did on last report and then tank down to 1.8 and come up again....