Netlist Inc. reported record revenue of $104.9 million for Q1 2026, a 262% year-over-year increase. Earnings per share (EPS) came in at $0.03, beating the forecast of -$0.01.
Despite strong financial results, Netlist's stock fell 4.87% in pre-market trading, closing at $3.282. The decline may be due to profit-taking or broader market trends.
Looking ahead, Netlist expects continued demand driven by AI workloads and pricing strength. The company is advancing its Lightning DDR5 and CXL NVvault products.
CEO Chuck Hong said: 'Our record revenue achievement underscores the effectiveness of our product strategy and market execution.' Netlist also continues to defend its patents in ongoing litigation.
