Netlist reported stable financial performance and significant progress in patent litigation, positioning itself for growth in the AI memory market. However, challenges from tariff uncertainties and consumer demand softness present ongoing risks.

Company Guidance -

Q2 2025

In the first quarter of 2025, Netlist reported revenue of $29 million, aligning with expectations amidst a challenging consumer demand environment. Operating expenses decreased by 44% from the previous year's quarter, largely due to reduced legal fees. The company ended the quarter with $25.6 million in cash and equivalents, down from $34.6 million at the end of 2024, but maintained financial flexibility with a $10 million working capital line of credit and $74 million available on an equity line of credit. Despite tariff uncertainties impacting the memory market, Netlist remains optimistic about the growing demand for high bandwidth memory (HBM) and DDR5, including MRDIMM products, with plans to launch a new product line later this year. The legal landscape continues to be active, with ongoing litigation involving Samsung and Micron, including a $303 million damages award and multiple appeals in progress.

Revenue in Line with Expectations

Netlist's revenue for Q1 2025 was $29 million, in line with expectations despite short-term softness in consumer demand.

Operating Expense Reduction

Operating expenses for Q1 2025 declined by 44% compared to the prior year's quarter, mainly due to reductions in IT legal fees.

Significant Financial Flexibility

Netlist ended Q1 2025 with $25.6 million in cash and cash equivalents and a $10 million working capital line of credit, maintaining significant financial flexibility and liquidity.

Patent Litigation Progress

Netlist is progressing through appeals in multiple patent cases, with significant damages awarded in previous judgments, including $303 million and $118 million against Samsung, and $445 million against Micron.

Growth in AI Memory Market

Netlist is positioned to capitalize on the growing demand for AI memory, with plans to introduce high-capacity, high-performance MRDIMM products later in the year.

Netlist (NLST) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NLST Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 05, 2025	2025 (Q2)	-0.02 / -	-0.056	―	―	―
May 06, 2025	2025 (Q1)	-0.02 / -0.03	-0.07	62.86% (+0.04)	―
Mar 27, 2025	2024 (Q4)	-0.03 / -0.05	-0.05	6.00% (<+0.01)	―
Oct 29, 2024	2024 (Q3)	-0.05 / -0.04	-0.065	44.62% (+0.03)	―
Jul 30, 2024	2024 (Q2)	-0.05 / -0.06	-0.06	6.67% (<+0.01)	―
Apr 25, 2024	2024 (Q1)	-0.05 / -0.07	-0.065	-7.69% (>-0.01)	―
Feb 13, 2024	2023 (Q4)	-0.07 / -0.05	-0.056	10.71% (<+0.01)	―
Oct 31, 2023	2023 (Q3)	-0.05 / -0.07	-0.036	-80.56% (-0.03)	―
Aug 01, 2023	2023 (Q2)	-0.05 / -0.06	-0.017	-252.94% (-0.04)	―
Apr 25, 2023	2023 (Q1)	-0.05 / -0.07	-0.027	-140.74% (-0.04)	―

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 06, 2025	$0.87	$0.88	+1.15%
Mar 27, 2025	$1.06	$1.05	-0.94%
Oct 29, 2024	$0.90	$0.95	+5.56%
Jul 30, 2024	$1.48	$1.43	-3.38%

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 05, 2025, After Close (Confirmed).

What is Netlist (NLST) earnings time?

Netlist (NLST) earnings time is at Aug 05, 2025, 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 2025 (Q2) is -0.02.

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