NLST · Netlist Inc

Track NLST — free

$5.88 +0.92 (+18.55%) At close · Aug 14

Market Cap

$2.06B

349.58M

Up next

Next earnings call

Nov 11, 2026 Est · unconfirmed · in 12 wks

FQ3-27 quarter ends

~Oct 2, 2026 Est

Latest filing: 10-Q

filed Aug 11, 2026

Equibles Research

our published analysis of this company

Research Thesis July 24, 2026

Micron's FQ4-26 guide of $50.0B and 86% gross margin: a single quarter larger than every full year through FY2024, with SK hynix's P&T7 build as the contestable mirror

Micron's FQ4-26 guided band exceeds every full fiscal year through FY2024 on a revenue base that has reset free cash flow to $18.3B in Q3 2026 and operating cash flow to $25.39B; the bull case rests on DRAM/NAND pricing, HBM4E absorption, and SCA lock-in holding ahead of SK hynix's Cheongju P&T7 advanced-packaging acceleration funded by a US$26.5B ADR allotment.

Equibles Rating

blended score · not investment advice

Overall

Buy

SellHoldBuy

Technical Buy Momentum Very Strong Sentiment Bullish Fundamentals Excellent Quant / Vol Very High

Market backdrop VIX 14.3 · calm Equity put/call 0.52

Technical

price trend

Buy

50 / 200-day cross No cross

Price vs 200-day avg +226%

above

Price vs 50-day avg +98%

above

RSI (14) 87

overbought

MACD trend Positive

52-week position 100%

near high

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Very Strong

1-month return +130%

trailing

6-month return +430%

trailing

YTD return +561%

this year

Relative strength +416%

vs S&P · 6-mo

Sentiment

smart money

Bullish

Trend (MA cross) No cross

50d $3 › 200d $2 — 50d above 200d

Institutional flow Accumulating

+33% holders QoQ · +2 funds added

Insider flow Distributing

Net -$108.8K over 90 days · 100% sells

Short interest Falling

10.40% of float · ▼ -1.3% MoM · 21.1 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

4 holders — near 3-yr high, broad support

Squeeze score 100

high risk · 0–100

Fundamentals

Excellent

Revenue growth +28%

Y/Y

Gross margin 6%

expanding

EPS growth +57%

Y/Y

Free cash flow $-14.8M

Balance sheet $30.4M

net cash

Quant / Vol

risk profile

Very High

Volatility 110%

annualized · 1-yr

Max drawdown −48%

past year

ATR 6.8%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Latest guidance · from the Earnings Call filed Jul 31, 2026

Product revenue · third quarter of 2026 $109.8M

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy

1 · 2 · 4

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+226% Bullish

Price vs 50-day avg

+98% Bullish

RSI (14)

87 Bearish

MACD trend

Positive Bullish

52-week position

100% Bullish

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bullish · 3 of 6

Trend (MA cross) No cross

50d $3 › 200d $2 — 50d above 200d

Institutional flow Accumulating

+33% holders QoQ · +2 funds added

Insider flow Distributing

Net -$108.8K over 90 days · 100% sells

Short interest Falling

10.40% of float · ▼ -1.3% MoM · 21.1 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

4 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $1 Now $6 · 100% Range high $6

vs 200-day avg +226% vs 50-day avg +98%

Illustrative technical + ownership context — a signal mix, not investment advice.

Versus peers

Electronics & Computer Distribution — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
NLST Netlist Inc this stock	$2.06B	+560.7%	+28.2%	—	10.4%
SNX Td Synnex Corp	$20.69B	+72.2%	+17.6%	18.6	2.0%
ARW Arrow Electronics, Inc.	$10.89B	+94.2%	+10.5%	13.7	2.6%
AVT Avnet Inc	$7.86B	+99.1%	+24.5%	23.9	9.4%
NSIT Insight Enterprises Inc	$4.53B	+89.3%	-5.2%	—	4.8%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

% held: 0.0%
Net QoQ: +60.3K sh
Top holder: KINGSWOOD WEALTH ADVISORS…

Held Float

View

Short & Settlement

Short Interest Falling

Shares short

36.4M

Days to cover: 21.1d
Change: -488.1K sh

View

Short Volume

Short vol %

56%

As of: Aug 14, 2026

Short Total

View

Fails to Deliver

FTD shares

6.8K

Value: $18.8K
As of: Jul 14, 2026

View

Off-Exchange

Off-exchange %

100.0%

Week of: Jul 6, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$108.8K

Buyers / Sellers: 0 / 1

Buyers Sellers

View

Financials

Net income (FY)

$-24.8M

EPS diluted: $-0.09

View

Filings

SEC Filings

Latest

10-Q

Filed: Aug 11, 2026
This year: 10

View

Proposed Sales

Value

$112.3K

Shares: 25.0K
Filed: Aug 12, 2026

View

Earnings & Events

Earnings Calls

Last call

Jul 30, 2026

View

Performance

	5D	20D	120D	MTD	YTD
NLST	+50.0%	+129.7%	+429.7%	+150.2%	+560.7%
SPY	+0.4%	+4.5%	+13.8%	+3.9%	+13.9%
vs SPY	+49.6%	+125.2%	+416.0%	+146.3%	+546.8%

Key facts CIK 1282631 CUSIP 64118P109 13F (30d) 4 filings 4 filers Visit website

NLST · Netlist Inc

Price & Indicators

Up next

Equibles Research

Equibles Rating

Guidance & track record

Technicals

Versus peers

At a glance

Performance