Quarterly ResultMay 12, 2026, 08:06 AM
Netlist Q1 Net Sales $104.9M (+262%); Net Income $8.6M
AI Summary
Netlist reported strong financial results for the first quarter ended March 28, 2026. Net sales surged by 262% to $104.9 million, while gross profit increased by 1,622% to $22.4 million compared to the prior year. The company achieved a net income of $8.6 million, or $0.03 per share, a significant turnaround from a net loss of $9.5 million in Q1 2025. CEO C.K. Hong attributed the growth to robust demand for memory products and strategic positioning in AI memory technologies.
Key Highlights
- Net sales for Q1 2026 were $104.9 million, a 262% increase from $29.0 million in Q1 2025.
- Gross profit for Q1 2026 was $22.4 million, up 1,622% from $1.3 million in Q1 2025.
- Net income for Q1 2026 was $8.6 million, compared to a net loss of $9.5 million in Q1 2025.
- Diluted earnings per share for Q1 2026 were $0.03, up from a loss of $(0.03) in Q1 2025.
- Net sales increased sequentially from $75.7 million in Q4 2025.
- Gross profit increased sequentially from $6.9 million in Q4 2025.
- Net income improved from a net loss of $(2.2) million in Q4 2025.