Can Netlist Sustain Q2 Momentum After 163% Revenue Growth?

Netlist (NLST) reported exceptional Q2 2026 results with revenue surging 163% to $109.8M and gross profit jumping 1,544% to $22.9M, driven by strong DRAM resale demand and constrained supply. The company's Lightning product line gained market traction, and management expects Q3 product revenue to remain near Q2 levels. Competitors SanDisk and Micron are also benefiting from AI-driven demand for memory and storage products.