secwatch.observer — SEC 8-K summary
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Issuer:     NETLIST INC (NLST)
CIK:        0001282631
Form:       8-K
Filed at:   2026-11-10T21:15:49+00:00
Accession:  0001104659-26-125199
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282631/000110465926125199/0001104659-26-125199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282631/000110465926125199/tm2628618d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-125199

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