This quarter represents a clear inflection to profitability. While no guidance was provided, the sequential growth from Q4 2025 ($75.7M revenue) is strong. Traders should watch for any forward guidance on the upcoming conference call and monitor for updates on patent litigation outcomes that could impact future cash flows.
Price Chart
Executive Summary
Netlist reported Q1 2026 results with net sales of $104.9M, a 262% YoY increase, and net income of $8.6M ($0.03 per share) versus a net loss of $9.5M in Q1 2025, driven by strong demand for memory products. The massive revenue and profitability improvement marks a significant inflection, with gross profit surging 1,622% YoY to $22.4M.
Key Financial Metrics
Key Facts
- Net sales $104.9M, up 262% YoY from $29.0M
- Gross profit $22.4M, up 1,622% YoY from $1.3M
- Net income $8.6M ($0.03 per diluted share) vs net loss of $9.5M ($0.03 loss per share) in Q1 2025
- Operating income of $8.6M vs operating loss of $9.8M in Q1 2025
- Cash and equivalents of $17.0M at quarter end, down from $31.8M at year-end 2025
Financial Impact
Revenue grew $75.9M YoY to $104.9M, and net income swung positive by $18.1M compared to a loss last year
Risk Factors
- Lack of forward guidance; sustainability of growth unconfirmed
- Patent litigation outcomes remain uncertain and could affect cash flows
- Heavy reliance on memory product demand which may be cyclical
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-059024 |
| Document: tm2613581d1_8k.htm | 0001104659-26-059024 |
| Document: 0001104659-26-059024-index-headers.html | 0001104659-26-059024 |
| Document: 0001104659-26-059024-index.html | 0001104659-26-059024 |
| Document: 0001104659-26-059024.txt | 0001104659-26-059024 |
| 8-K Data (Synthetic) | 0001104659-26-059024 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | 8-K | $4.05 $5.15 | ▲ +27.16% | ▲ +27.76% | $5.67 (+40.00%) |
Jul 30, 2026 9w ago | 8-K | $2.38 $6.09 | ▲ +155.88% | ▲ +151.92% | $5.67 (+138.24%) |
May 12, 2026 20w ago | 8-K | $3.02 $2.58 | ▼ −14.57% | ▼ −12.84% | $5.67 (+87.75%) |
Apr 22, 2026 23w ago | 144 | $2.10 $2.50 | ▲ +19.05% | ▲ +15.88% | $5.67 (+170.00%) |
Apr 22, 2026 23w ago | Insider Cluster | $2.18 $2.98 | ▲ +36.70% | ▲ +31.74% | $5.67 (+160.09%) |
Mar 16, 2026 28w ago | Insider Cluster | $1.63 $1.78 | ▼ −9.20% | ▼ −1.58% | $5.67 (−247.85%) |
Mar 16, 2026 28w ago | Insider Cluster | $1.60 $1.71 | ▼ −6.88% | ▼ −2.57% | $5.67 (−254.38%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access