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TickerTalks›$NLST
NLNLST

Netlist, Inc.

Strong FundamentalsStrong FundamentalsRevenue growing 262% YoY at strong marginsCatalyst pendingQuiet on X (14 mentions/wk)
$NLST·$950M·Computer Hardware·Technology
$2.77+4.5%YTD+207.8%1Y+334.9%
Mentions · last 7 days
2026-07-10: 1 posts2026-07-11: 2 posts2026-07-12: 1 posts2026-07-13: 0 posts2026-07-14: 1 posts2026-07-15: 3 posts2026-07-16: 9 posts17+13%
Price updated 3h ago·X counts updated 2h ago
NLNLST
$NLSTNetlist, Inc.
$2.77+4.53%17 posts+13%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $NLST, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Hinges on a big eventEvent coming upAI verdict · as of 2026-07-16

A known event soon (earnings, a ruling, etc.) will likely decide the next move.

Litigation-driven memory IP rerating with June AI-patent action extending the run.

Netlist is up roughly 198% year-to-date on a combination of $866 million in accumulated jury verdicts and a June 17 announcement expanding the patent litigation against Samsung and Google to cover new AI-memory patents, all against a backdrop of memory-price acceleration.

  • The company's operating business remains small and the equity is priced primarily on the discounted expected value of the intellectual-property portfolio, so appellate and cross-license outcomes are the drivers rather than product sales.
  • The market-cap of just under $1 billion against nearly the same figure in accumulated verdicts is a rough proxy for how much the market is discounting for legal-timing risk and further appellate reversals.
  • The August 6 second-quarter print will be a status update on the litigation calendar and cash burn, with any commentary on cross-license discussions or new-defendant additions being the items that move the tape.

Watch appellate outcomes, any new-defendant additions, cross-license commentary, and cash-burn against the litigation budget.

Differs from X sentimentThe isolated bearish social snippet does not reflect the underlying rerating on the AI-patent expansion; the tape and the operating narrative both point the other way.

What to watch: Appellate calendar, cross-license commentary, and cash-burn updates on the Q2 call.

On the calendar: Q2 earnings on August 6, 2026.

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bearish sentiment6 posts analyzed · as of 2026-07-02

Netlist facing turnaround pressure. Sentiment leans bearish.

Read the AI verdict + X sentiment for $NLST

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Memory subsystem designer and patent licensor focused on server DRAM and HybriDIMM storage-class memory.

Industry overviewAI analysisGenerated by AI from underlying data

Where Computer Hardware sits in its cycle right now — and what that implies for $NLST.

Computer Hardware · Technology

No material change from last week — STX and WDC (SanDisk spinoff) benefit from LLM training requiring petabyte-scale nearline storage infrastructure.

What this means for $NLST

Direct beneficiary — Memory subsystem designer and patent licensor focused on server DRAM and HybriDIMM storage-class memory; the business model is a direct conduit for the LLM training data storage demand pulling HDD/SSD production cycle.

Top industry ETF

$SOXXiShares Semiconductor ETF
+71.9%YTD
+116.0%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-134.6How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
12.6%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
0.7%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
-2.7%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
3.7Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
178%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
12.3%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.4Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 12, 2026$0.03$-0.01+400.0%
Q4 2025Mar 3, 2026$-0.01$-0.010.0%
Q3 2025Nov 6, 2025$-0.02$-0.01-100.0%
Q2 2025Aug 7, 2025$-0.02$-0.020.0%
Next earningsThu, Aug 6·consensus EPS $-0.01

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$104.9M+262.0%21.3%16.7%$0.03$-21.8M
Q4 FY25$75.7M+120.9%9.1%-3.1%$-0.01$13.2M
Q3 FY25$42.2M+5.1%4.4%-16.9%$-0.02$-10.3M
Q2 FY25$41.7M+13.2%3.3%-15.0%$-0.02$-7.7M

Forward consensus

2-year forecast · up to 1 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$374.9M$374.9M – $374.9M$0.03$0.03 – $0.031
FY27$369.6M$369.6M – $369.6M$0.00$0.00 – $0.001

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.7×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.63%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-6.8%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+73.7%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 319.7M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.3% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β1.335-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.ListedOTCListed on an over-the-counter market (PNK / OTCQB / OTCQX), not a major exchange. Lower disclosure requirements and thinner liquidity.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellJun 8Chun K HongCEO40.0K sh$109KSellMay 15Gail M SasakiCFO8.9K sh$23KSellMay 11Gail M SasakiCFO25.0K sh$87KSellApr 23Jun ChoDirector10.0K sh$22KSellApr 22Jun ChoDirector10.0K sh$20KSellApr 22Blake WelcherDirector37.5K sh$75KSellMar 25Jun ChoDirector10.0K sh$19KSellMar 17Blake WelcherDirector37.5K sh$62KSellMar 16Gail M SasakiCFO20.9K sh$31KSellMar 16Chun K HongCEO94.0K sh$141K
1–10 of 12
+ 4 other (4 awards) in window

See when $NLST insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
Free, forever. No credit card.

SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KOfficer or director changeJul 28-K — Item 5.02: Officer or director change
AI summary

Netlist adopted the 2026 Performance Equity Plan on July 1, 2026, reserving 33,600,000 shares for stock options, restricted awards, and other equity incentives, with the Board intending to grant performance awards to executives. Material dilution potential from a large new equity plan.

8-KMaterial agreementMar 98-K — Item 1.01: Material agreement
+ 9 other (2 S-8s · 2 earnings 8-Ks · 2 S-8 POSs · 1 SD) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Undercovered Dozen: SK Hynix, Reddit, Austal, Netlist, And Moreseekingalpha.com·3d agoNetlist Is Due for a Rally as Memory Prices Soarfool.com·7d agoNetlist: $866M In Verdicts, $1B Market Cap, And A Business That Just Inflectedseekingalpha.com·8d agoNETLIST EXPANDS LEGAL ACTION AGAINST SAMSUNG AND GOOGLE FOR INFRINGEMENT OF NEW AI MEMORY PATENTSprnewswire.com·29d ago3 Top Breakout Stocks to Buy in June for Strong Upside Potentialzacks.com·41d ago

In themes

Explore the broader themes this ticker is being talked about under.

AI InfrastructureAI Memory Supercycle

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Voices on X · top 1 · last 7 days

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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