Netlist (NLST.US) suggests that SK Hynix is authorized to talk about revenue growth or welcome significant impetus

The Zhitong Finance App learned that Netlist (NLST.US) hinted at a performance conference call on Tuesday that it is working hard to reach storage technology licensing agreements with SK Hynix (SKHY.US) and other storage vendors, driving the retail sentiment of this OTC stock on Stocktwits to heat up. This statement was revealed at the same time as the financial report of a sharp increase in both revenue and profit for the third quarter.

“So there's Hynix, Micron, and the third largest — they're the first and third largest storage vendors, Samsung and Micron, sorry. Then there's Hynix. So I think we can infer who the next logical license would be.” Netlist CEO C.K. Hong said during an analyst call. He added, “In addition to the big three storage vendors, there are other important storage vendors. We will continue to seek out important parties other than the three major vendors.”

Netlist designs and sells dedicated storage modules and storage products for servers and data centers, and also holds storage technology patents and licenses them to semiconductor companies. The company's shares are traded in the OTCQB section of the OTC Markets Group — this tier targets smaller companies that trade OTC and are not open for off-market trading.

Net sales for the third quarter increased 149% to $105.1 million, including initial licensing fees from Samsung, Netlist said on Tuesday. Net profit for the third quarter of 2026 was $85.4 million, or $0.22 per diluted share; the net loss for the same period last year was $7 million, or $0.02 per share.

“We are pleased to report significant year-on-year revenue growth and profit improvement for the third consecutive quarter, driven by product sales and confirmation of authorized revenue under the Samsung agreement.” Hong said in a press release.

Netlist recently settled a series of patent lawsuits. In August of this year, the company reached a settlement with Samsung and signed a new five-year cross-licensing agreement. Samsung agreed to pay US$239 million in advance, plus a maximum quarterly payment of US$32.9 million (gross).

The patent lawsuit between Netlist and Micron began in 2021. In one of these cases, a 2024 jury determined Netlist to recover $445 million. The two sides reached a settlement on all outstanding disputes in October 2026, and Micron obtained a five-year authorization to pay $30 million quarterly until the third quarter of 2031, for a total of $600 million.

As of press time, NLST is one of the most popular codes on Stocktwits, and retail sentiment rose from “bearish” the previous day to “extremely bullish.” Since the beginning of the year, Netlist shares have risen 615%.

“What I can hear from Chuck's attitude on the lawsuit during this conference call is that it is very consistent with Netlist's statement about 'entering a new chapter' in the presentation material — which also coincides with an inevitable NASDAQ turnaround — that is, the focus is now strictly on fundamentals, execution, and growth.” One trader wrote on Stocktwits.