Netlist, Inc. (NLST) Earnings Call Transcripts
Netlist, Inc.'s Latest Earnings Call - Q1 FY2026
In the first quarter of 2026, Netlist, Inc. reported record quarterly revenue of $104.9 million, a staggering increase of 262% year-over-year, driven by strong demand for memory products amid tight supply conditions. Operating income improved to $8.6 million, reflecting a significant turnaround of $18 million compared to the same quarter last year. Management signaled a favorable outlook for the memory market, expecting supply constraints to persist until new fabrication capacity comes online, potentially delaying relief until 2029.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $104.9 million (beat) |
| Operating Income | $8.6 million (positive) |
| Cash Position | $37.5 million (neutral) |
| Days Sales Outstanding | 16 days (positive) |
| Gross Profit Margin | null (null) |
| Operating Expenses | null (positive) |
Guidance from management
Management expects supply constraints in the memory market to persist until new fabrication capacity comes online, potentially delaying relief until 2029. They remain optimistic about the demand for memory products continuing to grow.
What analysts pressed on
Analysts expressed concerns regarding the sustainability of revenue growth given the current supply constraints and the potential impact of ongoing litigation on the company's operations. There were also inquiries about the mix of resale versus Netlist products in revenue.
Main topics on the call
- Record Revenue Growth — Netlist achieved record quarterly revenue of $104.9 million, which is a 262% increase compared to Q1 2025. Chuck Hong noted, "These results were driven by robust demand for our memory products and disciplined execution a...
- Improved Profitability — Operating income reached $8.6 million, an improvement of $18 million year-over-year. Gail Sasaki highlighted that this reflects the strength of the current industry environment and rising DRAM prices.
- Continued Supply Constraints — Management indicated that industry-wide supply constraints are expected to persist until new fabrication capacity comes online, which could delay relief until 2029. Chuck stated, "The outlook for memory remains favorable...
- Advancements in Product Offerings — Netlist is progressing with its Lightning portfolio and next-generation CXL DDM and low-power MRDM solutions. Chuck mentioned, "We continue to sample the vaults with major OEMs on next-generation platforms."
Read the full Netlist, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Netlist, Inc.
Netlist, Inc. (NLST) is a publicly listed company in the Electronic Equipment, Instruments and Components industry, within the Information Technology sector. It trades on OTCPK and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 28 calls on record spanning March 5, 2020 to August 5, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 28 Netlist, Inc. earnings call transcripts on record, spanning March 5, 2020 to August 5, 2026. Based on this history, Netlist, Inc. reports quarterly. The most recent call on file is dated August 5, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- NLST
- Exchange
- OTCPK
- Country
- US
- Sector
- Information Technology
- Calls on record
- 28
- First call
- March 5, 2020
- Most recent
- August 5, 2026
- Reporting cadence
- quarterly