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NLNLST

Netlist, Inc.

Strong FundamentalsStrong FundamentalsRevenue growing 262% YoY at strong marginsCoiling in a constructive baseConsistent chatter on X (152/wk), no spike
$NLST·$2.1B·Semiconductors·Technology
$5.71-4.6%YTD+584.5%1Y+845.6%
Price updated 1h ago·X counts updated 5d ago
NLNLST
$NLSTNetlist, Inc.
$5.71-4.64%152 posts0.9×
AI analysisFundamentalsVoices on X
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On X

Top X posts

The complete picture of $NLST on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

152X posts · last 7 days
Sep 28Oct 11
Chatter Meter
0.9×
QuietNormal · 1×Loud

How loud $NLST's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Bullish sentimentAI analysisGenerated by AI from underlying data5 posts analyzed · as of 2026-09-15

Netlist files a fresh ITC action seeking import bans on Micron DDR5/MRDIMM plus HPE/Lenovo/Supermicro systems, compressing Micron's holdout timeline. ROTH targets $15 (without MU), and traders secure sub-$5 adds ahead of the litigation event.

Read what X is saying about $NLST

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $NLST — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Hinges on a big eventWinding up for a moveAI verdict · as of 2026-10-02

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Netlist just filed a fresh ITC action against Micron DDR5/MRDIMM plus HPE/Lenovo/Supermicro — ROTH's $15 PT excludes Micron entirely.

Netlist is a memory-and-storage IP licensing company — the business lives and dies on patent-litigation outcomes against Micron and the big server OEMs. The latest ITC filing is a major pressure point.

  • The business inflection is real: Q1 revenue +262% YoY at a 0.7% operating margin — license revenue flowing through, with ROIC of 12.6% as the IP strategy monetizes.
  • The litigation signal is specific: a fresh ITC action seeking import bans on Micron DDR5/MRDIMM plus HPE, Lenovo, and Supermicro systems compresses Micron's holdout timeline — ROTH's $15 PT explicitly excludes a Micron settlement contribution.
  • 52-week range position is 80% with volume at 47% of average — upper range on light volume, which is accumulation by committed holders ahead of litigation events.

Nov 5 Q3 is the near-term earnings read but the real catalysts are ITC determinations and any settlement commentary — a determination in Netlist's favor extends the move dramatically; a dismissal or settlement at low value and the stock gives back a chunk of the 531% YTD gain.

Agrees with X sentimentThe thread has substantive drivers — the specific ITC action against Micron DDR5/MRDIMM plus HPE/Lenovo/Supermicro, ROTH's $15 PT (without Micron), litigation-timeline compression — all grounded in actual filings and sell-side math.

What to watch: Nov 5 Q3 earnings and the ITC determination timeline, plus any Micron settlement commentary. A dismissal or settlement at low value is the hard invalidator.

On the calendar: 2026-11-05 — Q3 earnings

Read the AI verdict on $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)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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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 Semiconductors sits in its cycle right now — and what that implies for $NLST.

Semiconductors · Technology

No material change from last week — hyperscaler AI capex remains the structural driver with Blackwell supply still packaging-constrained. Jensen Huang publicly named memory bandwidth as AI's next bottleneck, reinforcing HBM3e pricing power. AVGO custom ASIC demand broadens AI beneficiaries beyond NVDA's GPU allocation.

What this means for $NLST

Direct beneficiary — Memory subsystem designer and patent licensor focused on server DRAM and HybriDIMM storage-class memory.; memory bandwidth is AI's named bottleneck, driving HBM3e allocation tightness.

Top industry ETF

$SMHVanEck Semiconductor ETF
+64.5%YTD
+63.5%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
Q2 2026Jul 30, 2026$0.00$0.60-99.6%
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%
Next earningsThu, Nov 5·consensus EPS $0.60

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$708.1M$708.1M – $708.1M$0.79$0.79 – $0.791
FY27$788.1M$788.1M – $788.1M$0.60$0.60 – $0.601

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.0.5×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.82%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.+8.2%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.+106.8%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 317.7M 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.β1.285-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

SellAug 17Gail M SasakiCFO100.0K sh$691KSellAug 12Gail M SasakiCFO25.0K sh$112KSellAug 5Gail M SasakiCFO25.0K sh$100KSellJun 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$75K
+ 5 other (5 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
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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-KMaterial agreementOct 68-K — Item 1.01: Material agreement · Item 3.02: Unregistered equity sale · Item 8.01: Other event
8-KShareholder voteSep 218-K — Item 5.07: Shareholder vote
AI summary

Netlist, Inc. (NLST) reported shareholder vote results from its Annual Meeting: director candidates Chun K. Hong, Blake Welcher, and Jun Cho were each elected to serve until the 2027 Annual Meeting with approximately 88–89 million votes for and approximately 104 million broker non-votes each. These are routine governance outcomes with no material contested vote or unusual opposition among voting shareholders.

8-KMaterial agreementAug 58-K — Item 1.01: Material agreement · Item 3.02: Unregistered equity sale · Item 8.01: Other event
AI summary

NETLIST, INC. (NLST) entered into License Agreement On August 4, 2026, Netlist, Inc with a counterparty on 2026-08-05, involving $239 million. Other items: Item 3.02, Item 8.01. effective as of July 31, 2026 (the “Effective Date”). This is a material definitive agreement (Item 1.01) requiring immediate disclosure under SEC rules. Investors should review the agreement terms for financial obligations, dilution, or strategic implications.

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.

+ 9 other (2 10-Qs · 2 proxys · 2 earnings 8-Ks · 1 ARS) in window

Recent news

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

Netlist Introduces Next-Generation LIGHTNING™ ULL DDR5 RDIMMs for Agentic AIprnewswire.com·2d agoNetlist, Inc. (NLST) is a Great Momentum Stock: Should You Buy?zacks.com·7d agoNetlist (OTCMKTS:NLST) Sets New 1-Year High – Should You Buy?defenseworld.net·9d agoMicron Is Paying $600 Million to Settle a $445 Million Verdict247wallst.com·10d agoNetlist (NLST) Stock Jumps 17.9%: Will It Continue to Soar?zacks.com·10d 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 2 · 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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