Netlist, Inc. (NLST) Q2 2026 Earnings Call Transcript

SA Transcripts 161.35K Followers Follow Netlist, Inc. ( NLST ) Q2 2026 Earnings Call July 30, 2026 12:00 PM EDT Company Participants Michael Smargiassi - Investor Relations Officer Chuck Hong - Co-Founder, President, CEO & Executive Chairman Gail Sasaki - Executive VP, CFO & Corporate Secretary Conference Call Participants Sujeeva De Silva - ROTH Capital Partners, LLC, Research Division Presentation Operator Good day and welcome to the Netlist Second Quarter 2026 Earnings Conference Call and Webcast. [Operator Instructions] Please note that this event is being recorded. I'd now like to turn the conference over to Michael Smargiassi, Investor Relations. Please go ahead, sir. Michael Smargiassi Investor Relations Officer Thank you, Cole, and good day, everyone. Welcome to Netlist's Second Quarter 2026 Conference Call. Leading today's call will be Chuck Hong, Chief Executive Officer of Netlist; and Gail Sasaki, Chief Financial Officer. As a reminder, you can access the earnings release and a replay of today's call on the Investors section of the Netlist website at netlist.com. Before we start the call, I would note that today's presentation of Netlist's results and the answers to questions may include forward-looking statements, which are based on current expectations. The actual results could differ materially from those projected in the forward-looking statements because of the number of risks and uncertainties that are expressed in the call, annual and current SEC filings and the cautionary statements contained in today's press release. Netlist assumes no obligation to update forward-looking statements. I will now turn the call over to Chuck. Chuck Hong Co-Founder, President, CEO & Executive Chairman Thank you, Mike, and hello, everyone. We delivered another strong quarter with continued momentum in both product revenue and profitability. Revenue for the first half of 2026 exceeded $200 million, while product gross margins were over $45 million, fueled by robust demand, strong execution by our sales and operation teams and a generally constrained supply for