The company reported net sales of $109.8 million for the quarter ending June 27, 2026, a 163% increase over the previous year. This performance contributed to a six-month net income of $10.0 million, compared to a $15.6 million loss in the first half of 2025. Gross profit saw a significant surge, climbing 1,544% to reach $22.9 million for the quarter.
Netlist Returns to Profitability Amid Triple-Digit Revenue Growth
Irvine-based memory innovator Netlist swung to a $1.4 million profit in the second quarter of 2026, marking a sharp reversal from the $6.1 million loss recorded during the same period last year as the company continues to aggressively defend its intellectual property portfolio.
Chief Executive Officer C.K. Hong credited the turnaround to sustained revenue growth and the company's focus on next-generation AI memory technologies. While the firm maintains an active legal strategy to protect its patents against unauthorized use, operating expenses—specifically intellectual property legal fees—remain a substantial portion of the company's outgoing capital, totaling $25.7 million for the first half of the year.
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