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Netlist Inc (NLST) stock

NLSTOTCSemiconductors & Related DevicesFiscal year ends January 2
Financials through Q3 FY2026, quarter ended Sep 26, 2026Last filing: 10-Q on Nov 10, 2026Score 10/30
$5.95+0.21 (+3.66%)

Close on Oct 19, 2026Market cap $2.34BP/E 24.8Yield –

Netlist Inc grew revenue 168.7% to $395.56M over the twelve months to Sep 26, 2026. Free cash flow was -$14.78M. At the latest close the market valued the company at $2.34B, 24.8 times its earnings.

Revenue
$395.56M
+168.7% vs. a year earlier
Operating income
$48.13M
TTM Q3 2026
Free cash flow
-$14.78M
FY2025
EPS, diluted
$0.24
TTM Q3 2026

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 26, 2026

Valuation

Market cap
$2.34B
P/E ratio
24.8
Price to sales
5.92
Price to book
14.82
Dividend yield
–
Free cash flow yield
-0.63%

Fundamentals

Revenue
$395.56M
Net income
$93.25M
EPS, diluted
$0.24
Free cash flow
-$14.78M
Book value per share
$0.40
Diluted shares
393M

Trading

Next earnings
Mar 2, 2027 (estimated, before the open)
Previous close
$5.74
Open
$5.77
Day's range
$5.70 – $6.01
Volume
712,036
Average volume (20 days)
1,867,137

Market cap history

Month-end market cap since 2011, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Oct 19, 2026. The S&P 500 is measured by the SPY fund.

PeriodNLSTS&P 500DifferenceNLST per yearS&P 500 per year
1 month+20.9%+0.6%+20.3 pts
3 months+132.4%+3.4%+129.0 pts
Year to date+569.4%+13.3%+556.1 pts
1 year+867.6%+16.6%+850.9 pts
3 years+281.4%+86.4%+195.0 pts+56.2%+23.1%
5 years-3.9%+81.9%−85.7 pts-0.8%+12.7%
10 years+387.7%+318.9%+68.9 pts+17.2%+15.4%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$395.56M+168.7% YoY

Gross profit

$121.04M+2430.1% YoY

Operating income

$48.13M

Net income

$93.25M

EPS, diluted

$0.24

Free cash flow

–
Reported periodTrailing twelve months

Press releases

Releases Netlist filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Netlist

Semiconductors & Related Devices

Netlist, Inc. designs and manufactures advanced memory and storage solutions, focusing on modular memory subsystems and technologies that support artificial intelligence computing. The company's proprietary product offerings include load-reduced dual in-line memory modules, very low profile memory subsystems, and storage products incorporating distributed buffer architectures and localized power management. Netlist also resells third-party memory components and excess component inventory. Its customer base consists primarily of original equipment manufacturers in the server, high-performance computing, and telecommunications markets, alongside storage providers, appliance manufacturers, system builders, and cloud data center operators.

Company profile, executives and history

Netlist stock: common questions

What is Netlist's stock price?

NLST closed at $5.95 on Oct 19, 2026, up 3.66% on the day.

What is Netlist's market cap?

Netlist was worth $2.34B at the close on Oct 19, 2026: the share price times the diluted shares outstanding.

What is NLST's P/E ratio?

NLST trades at 24.8 times earnings, based on diluted earnings per share of $0.24 over the twelve months to Sep 26, 2026.

How much revenue does Netlist make?

Netlist reported revenue of $395.56M for the twelve months to Sep 26, 2026, up 168.7% from a year earlier.

Does Netlist pay a dividend?

No. Netlist has not paid a cash dividend over the last twelve months.

When does Netlist report earnings next?

Netlist is expected to report Q4 FY2026 results on Mar 2, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has NLST stock performed over the past year?

Including dividends, NLST returned +867.6% over the past year, against +16.6% for the S&P 500.

Who are Netlist's competitors?

Companies most similar to Netlist by business, industry and size include AMBA, RMBS, INDI, SIMO, AOSL.

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