Netlist Q3 2026 sales jump 149% to $105.1M on $44.9M Samsung license revenue; net income $85.4M

NETLIST INC

Net sales $105.1M, up 149% YoY; net product sales $60.2M (+43%); license fee revenue $44.9M recognized under the Samsung License Agreement.
Gross margin 65.5% vs 4.4% in Q3 2025; operating income $40.6M versus an operating loss of $7.2M a year earlier.
Net income $85.4M, or $0.22 per diluted share, compared with a net loss of $7.0M, or $(0.02) per share, in Q3 2025.
Cash and restricted cash $327.7M at Sept 26, 2026 vs $40.7M at June 27, 2026 on Samsung's $200M initial and $27.5M quarterly payments; operating cash flow $245M.
CEO C.K. Hong said product revenue growth was driven by strong demand from AI and data center customers; CFO Gail Sasaki cited focus on higher-margin opportunities.

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