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Netlist, Inc.

$NLST·$1.3B·Computer Hardware·Technology
$6.82+2.9%YTD+182.3%1Y+725.7%
Mentions · last 7 days
2026-08-22: 4 posts2026-08-23: 1 posts181-7%
Price updated 6h ago·X counts updated 8d ago
NLNLST
$NLSTNetlist, Inc.
$6.82+2.93%181 posts-7%
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.

Driven by hypeAcceleratingAI verdict · as of 2026-08-31

The move is getting stronger, with heavier trading behind it.

The memory-IP litigation stock up 680% in a year — Samsung's IPR against the '731 patent just terminated, and MRDIMM claims now target Micron.

Netlist is a memory-subsystem company that has effectively become a specialty-IP-litigation vehicle — its portfolio of memory-controller patents keeps prevailing at the PTAB and in trial, and the equity is up 680% over the last twelve months on cash-conversion optimism from those wins.

  • The revenue re-acceleration is enormous: Q1 revenue grew 262% year-over-year to $105M, prior quarters ran 5-121%, and the Aug 5 $239M license agreement is the specific dollar figure that quantifies the recent Samsung PTAB win — the operating story is now cash conversion of legal wins.
  • The pipeline of pending claims keeps growing: the Aug 18 Seeking Alpha framing that 'Samsung bends the knee, Micron/Alphabet/Super Micro could be next' plus the newly-asserted MRDIMM patents at the ITC against Micron is what bulls see as 'hundreds of millions to over a billion' in expected additional royalties flowing by end-2026.
  • The valuation is entirely opaque: at 3.7x sales and 134x negative trailing earnings, no standard metric applies — the equity trades on the expected value of unrealized litigation outcomes, and the analyst FY26 estimate of $0.06 EPS (versus a Q1 beat of $0.03) shows how wide the range is.
  • Insider tape is a consistent trim: CFO Gail Sasaki sold $900K across three August windows at $3.99-$6.91 — a real cluster of selling into the run, which is what CFOs do when their own cost basis is well below spot but the future is genuinely uncertain.

The path if the run continues is a Nov 5 Q3 print showing the Samsung $239M royalty structure landing as booked revenue plus any Micron settlement or a fresh licensing announcement — the tape breaks toward the $10 chart target many are calling, with $20 as the follow-on step. What breaks the run is an adverse ruling on the pending Micron cases or a Samsung licensing dispute — that's when a 680% one-year run resets by half quickly.

Agrees with X sentimentThe bullish X take — the PTAB terminating Samsung's IPR against the '731 patent, up 163% on the month and 60% in three weeks, expectations of 'hundreds of millions to over a billion' in royalty and settlement fees flowing from Samsung and Micron by end-2026, newly asserted MRDIMM patents at the ITC against Micron, and chart posters calling $10 next with $20 as follow-on — captures the specific catalysts driving the run; the OTC-action-free-of-algo-dominance angle is exactly the market microstructure the tape is expressing.

What to watch: The Nov 5 Q3 print — the Samsung $239M royalty landing as booked revenue plus any Micron settlement or a fresh licensing announcement extends the run toward $10-20; an adverse ruling on pending Micron cases or a Samsung licensing dispute is what resets a 680% one-year run by half.

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

X sentiment

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

Bullish sentiment21 posts analyzed · as of 2026-08-30

Netlist's thread reads as post-litigation-win momentum, with posters citing the PTAB's termination of Samsung's IPR against Netlist's '731 patent, up 163% on the month and +60% in three weeks. Bulls anchor on 'hundreds of millions to over a billion' in expected IP royalty and settlement fees from Samsung and Micron flowing by end-2026, and MRDIMM patents newly asserted at the ITC against Micron. Chart posters flag OTC action free of algo dominance and call for $10 next, with $20 as the follow-on step.

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

AI server infrastructure buildout drives compute shipment volumes; Dell and HPE are riding the same hyperscaler capex wave that lifted NVDA. Non-AI commercial refresh remains soft, so the bull case is concentrated in AI infrastructure exposure.

What this means for $NLST

Direct beneficiary — semiconductor products are directly in the AI capex supply chain; Netlist, Inc.

Top industry ETF

$SOXXiShares Semiconductor ETF
+75.7%YTD
+110.5%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$424.7M$424.7M – $424.7M$0.06$0.06 – $0.061
FY27$429.6M$429.6M – $429.6M$0.12$0.12 – $0.121

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.1.3×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.97%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.+86.1%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.+226.7%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

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$75KSellMar 25Jun ChoDirector10.0K sh$19K
1–10 of 15
+ 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 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.

8-KMaterial agreementMar 98-K — Item 1.01: Material agreement
+ 13 other (2 10-Qs · 2 proxys · 2 earnings 8-Ks · 2 S-8s) in window

Recent news

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

What Makes Netlist, Inc. (NLST) a Strong Momentum Stock: Buy Now?zacks.com·14h agoThis Tiny AI Stock Has Crushed Micron and Nvidia This Year. Here's Why It Can Keep Going.fool.com·5d agoNetlist (NLST) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?zacks.com·7d agoNetlist CFO Gail Sasaki Sells 100,000 Shares for $691,000fool.com·11d agoNetlist: Samsung Bends The Knee, Micron, Alphabet And Super Micro Computer Could Be Nextseekingalpha.com·14d ago

In themes

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

AI InfrastructureAI Memory Supercycle

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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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