Netlist Q2 revenue rises, swings to profit
Reuters2026/07/30 11:53
Overview
US memory solutions firm's Q2 revenue rose 163% yr/yr
Company swung to Q2 net income from a loss a year earlier
Gross profit for Q2 surged 1,544% yr/yr
Outlook
Company did not provide specific guidance for the current quarter or full year in the press release
Result Drivers
AI MEMORY TECHNOLOGIES - Co said ongoing development of next-generation AI memory technologies contributed to results
IP PORTFOLIO DEFENSE - Co said it continues to defend its intellectual property portfolio, per CEO C.K. Hong
Company press release: ID:nPn9tJHhNa
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q2 Revenue |
Beat |
$109.85 mln |
$90 mln (1 Analyst) |
Q2 Net Income |
Beat |
$1.40 mln |
-$1.20 mln (1 Analyst) |
Q2 Operating Income |
Beat |
$1.34 mln |
-$1.30 mln (1 Analyst) |
Q2 Gross Profit |
|
$22.88 mln |
|
Q2 Operating Expenses |
|
$21.54 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the computer hardware peer group is "buy"
Wall Street's median 12-month price target for Netlist Inc is $5.00, about 104.5% above its July 29 closing price of $2.45
Reuters Recommended Reads
July 27 - Rambus Q2 revenue rises 20%, beats analyst estimates
July 28 - Teradyne Q2 results beat on record memory sales; shares soar
July 29 - SK Hynix's record profit misses forecasts, shares slump 10% despite robust AI chip demand
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nvidia quietly reduces OpenAI data center guarantee from 250 billions to below 120 billions
Nvidia and OpenAI are close to signing a data center financing agreement in Ohio. However, Nvidia's financial guarantee has been reduced from $250 billion to less than $120 billion, covering only about 5 GW of computing power for the project's first phase. This adjustment is a direct response to investor concerns about Nvidia's risk exposure—after the previous $250 billion guarantee plan was revealed, Nvidia's stock price fell 5% in a single day. The agreement could be signed as early as this weekend.
Ivy League’s space gamble: Harvard reveals $2.2 billions SpaceX position, its largest single stock holding
Harvard University Investment Management Company disclosed that it holds $2.2 billion worth of SpaceX shares, making it the largest single stock position in its $4.3 billion US equity portfolio. This holding originated from Harvard’s early investment in SpaceX through venture capital funds, and the position has significantly appreciated after SpaceX’s public listing in June this year. The University of California also disclosed a roughly $1 billion position in SpaceX during the same period. Over the past decade, endowment funds from several universities have made substantial bets on private tech assets.
Crypto prices
More
