Netlist (NLST)
OTHER OTC:NLST
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0Last Year’s EPS
-0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was overall positive: management reported record revenue (+262% YoY), a substantial improvement in operating income (+$18M YoY), improved working capital metrics, tangible product momentum (DDR5 Lightning ramp, CXL NVvault sampling, MRDIMM development) and multiple IP/legal validations. Key risks remain, including a high resale revenue mix (~80% resale), ongoing litigation with uncertain outcomes, market supply timing that could extend to 2029, and potential deceleration in pricing momentum. On balance the favorable financial results, product progress and IP wins outweigh the risks communicated in the call.Company Guidance
Record Quarterly Revenue and Strong YoY Growth
Revenue of $104.9 million in Q1 FY2026, an increase of 262% year-over-year, driven by tight memory supply, accelerating demand and rising DRAM prices.
Significant Profitability Improvement
Operating income of $8.6 million, an improvement of $18 million versus Q1 FY2025; gross profit margin improved (company cites margin improvement though no exact percentage provided).
Improved Cash Position and Liquidity
Received $10.5 million from warrant exercises after quarter end; estimated cash, cash equivalents and restricted cash of $37.5 million as of May 8, 2026; access to a $10 million working capital line and approximately $74 million available on the equity line of credit.
Efficient Working Capital / Cash Conversion
Days sales outstanding improved by 3.5 days year-over-year and the overall cash cycle was ~16 days in the quarter (well below 30 days).
Product Portfolio Momentum
Lightning portfolio (overclock low-latency DDR5 RDIMM and UDIMM) continuing to ramp and advancing OEM qualifications in high-frequency trading and high-performance computing; DDR4-based custom solutions remained a major revenue contributor.
Progress on Next-Generation Products
Advancing CXL NVvault sampling with major OEMs (CXL Type 3 persistent memory) and developing low-power MRDIMM solutions with proprietary ECC to enable low-power DRAM in servers, positioning Netlist to be an early supplier in this niche.
Intellectual Property Wins and Legal Progress
Multiple favorable outcomes and validations: Federal Circuit affirmed validity of 608 and 523 patents; USPTO denied Samsung's IPR/PGR challenges to the 366 patent; Markman hearing held April 21 with favorable company commentary; DOJ filed supportive public interest comments; ITC cases against Samsung/Google/Super Micro progressing toward a fall trial.
NLST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NLST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2026 | $3.45 | $3.02 | -12.61% |
Mar 03, 2026 | $1.24 | $1.25 | +0.32% |
Nov 06, 2025 | $0.63 | $0.61 | -2.07% |
Aug 07, 2025 | $0.69 | $0.70 | +2.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Netlist (NLST) report earnings?
Netlist (NLST) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is Netlist (NLST) earnings time?
Netlist (NLST) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NLST EPS forecast?
NLST EPS forecast for the fiscal quarter 2026 (Q2) is 0.