Netlist Q1 revenue $104.9M (+262% YoY), net income $8.6M vs loss

NETLIST INC

2026-Q1 EPS reported $0.03 vs consensus $0.00 ▲ beat (+3000000.0%)

Net sales $104.9M, up 262% from $29.0M in Q1 2025.
Gross profit $22.4M, up 1,622% from $1.3M; net income $8.6M ($0.03 EPS) vs net loss of $9.5M.
Stock-based compensation expense $1.0M, unchanged from prior year.
CEO C.K. Hong cites robust demand and focus on AI memory technologies DDR5 and HBM.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NETLIST INC reported first quarter ended March 28, 2026 results: revenue $104.9 million, net income $8.6 million, EPS $0.03 per share.

Period: first quarter ended March 28, 2026
Revenue: $104.9 million
Net income: $8.6 million
EPS: $0.03 per share
Result: reported results

Exact text from the filing

, May 12, 2026 - Netlist, Inc. (OTCQB: NLST) today reported financial results for the first quarter ended March 28, 2026. Highlights: · Net sales for first quarter of 2026 were $104.9 million, an increase of 262% compared to the first quarter of 2025. · Gross profit for first quarter of 2026 was $22.4 million, an increase of 1,622% compared to the first quarter of

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Source: SEC EDGAR

accession 0001104659-26-059024

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