Netlist Q1 revenue jumps 262% on AI demand

Netlist

12/05/2026 13:09

Overview

US memory solutions firm's Q1 revenue jumped 262% yr/yr on strong AI-related demand

Company swung to Q1 net income from loss a year earlier

Gross profit rose sharply, up over 1,600% yr/yr

Outlook

Netlist did not provide specific financial guidance for the current quarter or full year

Result Drivers

AI MEMORY DEMAND - Co said robust demand for its memory products, especially DDR5 and HBM for AI applications, drove results, per CEO C.K. Hong

Company press release: ID:nACStdFRBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$104.89 mln
$79 mln (1 Analyst)
Q1 EPS
Beat
$0.03
$0 (1 Analyst)
Q1 Net Income
Beat
$8.65 mln
-$1.20 mln (1 Analyst)
Q1 Operating Income
Beat
$8.57 mln
-$1.30 mln (1 Analyst)
Q1 Gross Profit
$22.39 mln
Q1 Operating Expenses
$13.82 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the computer hardware peer group is "buy"

Wall Street's median 12-month price target for Netlist Inc is $3.00, about 13% below its May 11 closing price of $3.45

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)