---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-125199"
form_type: "8-K"
ticker: "NLST"
cik: "0001282631"
company_name: "NETLIST INC"
filed_at: "2026-11-10T21:15:49+00:00"
generated_at: "2026-11-10T21:17:14.832140+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-125199
- form_type: 8-K
- ticker: NLST
- cik: 0001282631
- company_name: NETLIST INC
- filed_at: 2026-11-10T21:15:49+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282631/000110465926125199/0001104659-26-125199-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282631/000110465926125199/tm2628618d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-125199
- JSON: https://secwatch.observer/filing/0001104659-26-125199.json
- Plain text: https://secwatch.observer/filing/0001104659-26-125199.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.