Recent Updates — NLST

Netlist, Inc. entered into a Settlement Agreement with Micron Technology to resolve all pending legal proceedings between the parties. Concurrently, Netlist granted Micron a worldwide, non-exclusive five-year patent license covering its entire portfolio, including server DIMMs and High Bandwidth Memory technologies. Under the License Agreement, Micron will pay quarterly fees of $30 million for twenty quarters from Q4 2026 through Q3 2031, totaling $600 million. Additionally, Micron purchased 10 million shares of Netlist common stock for an aggregate cash price of $1 million under a Securities Purchase Agreement subject to lock-up restrictions. Netlist is a leading innovator in advanced memory and storage solutions with patented technologies foundational to AI computing.

Netlist entered into a strategic alliance with Samsung Electronics, settling pending legal proceedings and establishing five-year agreements for patent cross-licensing, product supply, and ITC cooperation. Under the license agreement, Samsung pays an upfront fee of approximately $200 million to Netlist (net of taxes) plus quarterly fees up to $32.9 million, potentially totaling over $650 million in royalties through 2031. The supply agreement allows Netlist to purchase up to $300 million annually in DRAM and NAND products from Samsung Semiconductor for a five-year aggregate of $1.5 billion. Additionally, Samsung purchased 10 million shares of Netlist common stock for $1 million under a lock-up arrangement releasing 20% of the shares annually over five years. Netlist is a leading innovator in advanced memory and storage solutions.

Netlist, Inc. reported financial results for the second quarter ended June 27, 2026, announcing net sales of $109.8 million, a 163% increase from the prior year period. Gross profit surged to $22.9 million, up 1,544%, while net income turned positive at $1.4 million compared to a $6.1 million loss in Q2 2025. For the first half of 2026, net sales reached $214.7 million and net income was $10.0 million. The company operates in the advanced memory and storage solutions industry.