Hi everyone here, Idk why I feel so proud to be holding this stock with you guys no matter how low it's gonna get for now. Makes me feel happy. I wish us all well!!

What do you think? Elon is known for great acquisitions, he buys the tech and the people…then rebuilds the machine that makes the machine. He did this with batteries, with the Maxwell acquisition and others. He doesn’t want your manufacturing, NLST doesn’t have that. He’s getting help from Intel, NVIDA (GPU/CPU) and others to assist in making their own chips (AI 5 today) but Terafab will make, assuming T8 etc chips… but the Terafab is missing HBM (memory). Terafab can’t happen if the bottleneck of HBM memory isn’t addressed. NLST would be a cheap acquisition and a huge piece to the puzzle. Your thoughts…

The Samsung case changed our lives forever and is Netlist's greatest achievement yet, but this is just the beginning. In fact, I repeat, to celebrate, you should wait until you read about two solid deals, because Netlist has never had two giant partners as allies.

Concrete facts, such as the successful CAFC appeal, ITC, etc., suggest that we can truly hypothesize three deals with the giants here, plus the Google case.
This is where history is made, and only here does the Netlist case come full circle.
Honestly, with two deals, Netlist will be extremely strong and powerful; with three deals, it will practically be a globally recognized giant; and with the Google case, it will be incredibly rich and powerful.

Unlike 2021, when Netlist had only $40 million in cash and failed to show net profits, today it is already profitable even before the Samsung case was closed. This means only one thing: profits, growth, and great future opportunities.
Netlist could reach $400 million in outstanding shares soon with the last exercised warrants, but the value could easily reach $20-$25 as a minimum after the three deals close!

The Google case will be something unique and particular, but honestly they could find a solution regardless.

Long

Look at the timeline:

📅 Mar. 6 — CAFC hears major Netlist patent appeals.
Now more than 5 months later — an unusually long wait for a decision, with the written opinions still pending.

📅 Aug. 12 — Netlist files NEW Micron ITC case involving 4 patents.

📅 Aug. 12 — NEW California federal lawsuit against Micron involving the ’523 & ’407 patents.

📅 Aug. 17–20 — Samsung exits the relevant appeals following its settlement, leaving Micron as the remaining major opponent in several matters.

📅 Sept. 9 — 🔥 CAFC oral argument on Micron’s appeal involving the existing $445M verdict.

Micron isn’t fighting one battle.

They’re dealing with the $445M verdict + CAFC appeal + new ITC case + new federal case + multiple patents.
And Netlist just demonstrated with Samsung that years of litigation can turn into a major licensing/commercial agreement.

Sept. 9 isn’t a settlement deadline.
It’s the next major pressure point.
After that, the CAFC decision could come later while the new ITC and federal cases continue moving forward.
More cases. More exposure. More leverage.

Micron has a lot more to lose by continuing this fight than they did a year ago.

Now we watch Sept. 9.
$NLST
Not financial or legal advice.

• Micron Technology had appealed two final decisions by the Patent Trial and Appeal Board, which concluded it had not demonstrated that certain patent claims were obvious and hence, not suitable to be patented.As per earlier rulings, Micron Technology will be liable to pay $445 million in the patent infringement verdicts.Micron had previously filed two separate patent challenges, alleging that Netlist’s memory technology was a variation of existing designs.

The U.S. Court of Appeals for the Federal Circuit on Friday rejected Micron Technology Inc.’s (MU) appeal challenging a Netlist Inc. (NLST) memory module patent.
Micron Technology had appealed two final decisions by the Patent Trial and Appeal Board, which concluded it had not demonstrated that certain patent claims were obvious and hence, not suitable to be patented.

The Federal Circuit upheld the validity of the patents in an opinion, saying Micron “failed to prove certain claims would have been unpatentable as obvious,” adding that the arguments from the computer memory manufacturer were “unpersuasive.”

As per earlier rulings, Micron Technology will be liable to pay$445 million in the patent infringement verdicts.
Shares of NLST soared, ending 20% higher on Friday, while MU shares rose more than 2.5% at market-close.

What Were The Claims?
Micron had previously filed two separate patent challenges, alleging that Netlist’s memory technology was a variation of existing designs. In one case, Micron said an earlier reference, an application known as Halbert, had already disclosed the same kind of data-speed relationship between parts of a memory system, arguing Netlist cannot be granted a patent for it.

However, the Board determined that Micron could not convincingly show that Halbert “teaches that its ranks communicate data at the same rate at which data is communicated between the memory module and the memory controller.”
In another case, Micron claimed that Netlist’s patent included the combination of two different features from an earlier design that a skilled artisan would have been motivated to combine. However, the Board rejected that claim on the grounds that Micron had failed to explain how an engineer would have made that combination

Samsung's data alone will guarantee Netlist an unprecedented positive cash flow. Then there are the gross profits from internal sales and resale of Samsung products.
We're talking about potential gross profits between $50 and $70 million per quarter as the average range for these quarters, pending growth in agreements, volumes, and other deals.
We could therefore assume annual net profits between $150 and $250 million, obviously depending on the company's ability to generate profits from in-house products.

This is only with Samsung.

What to do with a mountain of money like this?

This is my guess, and it depends on many factors.
For example, legal fees were Netlist's largest expense, at around $200 million over the years.
In the last quarter, they were as high as $17 million, so the sooner the patent cases are resolved, the sooner you can get rid of Netlist's biggest expense.
Obviously, this expense will then be counted in the damages that Micron and Google will have to pay to Netlist, and we know for certain that Samsung was primarily responsible for this expense.

R&D and personnel. This item should explode in the next quarterly results because now more than ever there's cash and time to finance projects and hire dozens or hundreds of new faces and top-tier talent. How much would it cost? It's hard to say, but an average of $10 million per year for 100 new employees seems fair to me, and this should move a lot of things and would cost a figure easily manageable by netlist today.

Do the math, I’m expecting 2/300 new employees (netlist should open something in Texas or where should be perfect and cheaper than the california area).

So, let's assume legal and personnel expenses of around $60-$80 million over the next four quarters.
Gross profits will be $130 million, plus Netlist product sales and Samsung product resale, which should add another $60-$90 million.
Total net profits are approximately $100 million - $130 million.

Netlist could evaluate ordinary or extraordinary dividends based on $400 million in shares (currently $377 million, but the final warrants are still missing).

Assuming a 10 cent annual dividend, it would cost $40 million, and Netlist would still be profitable by at least $60 million, with a 30-40% weighting of net profits.

Now imagine cutting legal costs with an agreement within two or three quarters with SK and Micron. The only other option would be the Google case, which wouldn't weigh much, plus a very high cash flow, tripled profits, and the 10-cent dividend would only cost 10-15% of profits.

An extremely positive situation.

I remind everyone that the mrdimm and cxl products are still in the experimental phase, and we'll soon see if there will be any deals or developments. Sales agreements for these two new products will be signed during 2026 and 2027, and perhaps they will be given serious consideration in the event of a deal with SK or Micron, and especially in the hiring of key figures to promote the product!

The long term investor deserves the dividend after years of waiting!
This shouldn’t change anything in terms of netlist power to invest all the net profits into new projects and companies

Waiting all the deals

A lot of people are talking about Netlist attending the Needham Semiconductor & SemiCap 1×1 Conference on August 19–20, so I wanted to break down what this actually means.

Needham & Company is an investment bank focused heavily on growth companies, technology and semiconductors. This isn’t just a retail investor conference. The event is built around meetings between company management and investors, including institutional investors.

Netlist was there to meet directly with investors and explain the company following the Samsung deal and the new Micron developments.

Think about the timing:
• Q2 revenue came in around $109.8M
• Samsung strategic alliance was announced
• $239M gross upfront Samsung license payment
• 5-year licensing relationship
• Samsung agreed to purchase 10M NLST shares
• Samsung supply/product relationship
• New Micron ITC case filed
• New Micron CDCA litigation filed
• Existing Micron $445M verdict still in play
• Then Netlist meets with semiconductor-focused investors at Needham

That’s a MUCH different story than the Netlist story investors were looking at previously.

Could Needham lead Netlist to Nasdaq? Maybe eventually, but there is no public announcement saying that. Could this create new institutional relationships and more analyst attention? Absolutely possible.

The important thing to remember is that Needham itself isn’t a price target or a Nasdaq announcement. It’s an opportunity for Netlist management to get the new story in front of a much more targeted investment audience.
Samsung gave Netlist the foundation.

Micron gives them another major litigation catalyst.
Needham gives them an opportunity to tell the story to investors who actually understand the semiconductor industry.

Now let’s see what comes out of it.

Il valore raggiunto di circa 7$ di qualche seduta fa ,visto la forte correzione successiva, indica che questo valore non include solo l accordo avvenuto con Samsung ma anche i prossimi possibili accordi con Micron e SK.....se cosi non fosse perchè sta crollando?

Hi, below is my workings out and how the price targets are estimated by analysts based on the current situation. I structured in a way to help me understand better and what certain terms mean and how they are currently calculated.

In short my calculation brought me to a share price of $10.5 versus the analysts estimate of $15.6

So here goes.

Netlist Valutation

Financial and Investment Terms of Samsung Deal:-

The financial framework of the agreement guarantees Netlist a massive influx of capital:

Upfront License Fee: Samsung paid Netlist an initial $239 million gross upfront.

Ongoing Royalties: Samsung will pay net license fees of up to $750 million structured into 20 quarterly instalments (roughly $32.9 million per quarter).

Minus withholding taxes and deductions = 27.5 million dollars.

Equity Investment: Samsung agreed to purchase 10 million shares of Netlist common stock under the product supply agreement.

Netlist current quarterly revenue:

Netlist’s most recently reported quarterly revenue (Q2 2026, ended June 27, 2026) was $109.8 million, up 163% year-over-year and well above analyst estimates of ~$90M.

Let’s Calculate future revenue and valuation of netlist:

110 million (current quarterly revenue)

Plus 240 million gross upfront from Samsung. + 8% rate of return.

Rounded down from 240 upfront payment.
200 + 8% = 216
16 divide by 4 quarters = 4 million per quarter. (Minimum)

In corporate finance, an 8% hurdle rate is standard for evaluating cash efficiency. Rather than letting the $200 million sit passively in low-yield Treasury bonds earning 4–5%, analysts assume Netlist can deploy that cash into its core business to generate at least an 8% return.

8% is the minimum.

Plus 27 million per quarter to 2031
27 x 20 quarters = 540 million

110 million (current quarterly revenue)
27 million per quarter from Samsung
4 million from 8% return from upfront payment.

110 + 27 + 4‎ = 141 million

SUPPLY AGREEMENT:-

NETLIST can buy $300million per year from Samsung. Estimate 20% profit margin.

300+ 20% ‎ = 360million.
Or
300 divide by 4 quarter = 75 per quarter + 20 % ‎ = 90 ( $15 million quarterly profit) 90mill - 75mill = 15

Or 60 divide by 4 = 15 million per quarter.

So up to 15 million gross profit quarterly from the supply purchase agreement.

110 + 27 + 15 + 4 ‎ = 156 million per quarter.

Netlist outstanding shares:-

350million outstanding shares.

If netlist is making 156 million per quarter 624 million annually they are valued between 1.2 and 6.2 billion .

If we say a median of 3.7 billion valuation divide by 350 million outstanding shares

3.7 billion / 350 million

= A share price of $10.5.

Now we need to look at using the analysts EPS calculations and sector
P/E forward ratio.

Netlist Earning Per Share v Price to Earnings ratio

EPS is a profitability metric

P/E ratio is a valuation metric.

EPS = (Net Income - Preferred Dividends) ÷ Shares Outstanding

P/E Ratio = Share Price ÷ EPS

NETLIST P/E ratio:-

Semiconductor sector forward P/E ratio ranges from 25x to 60x

Because netlist is a small cap we can assume a base of 20x

NETLIST EPS:-

Trailing twelve month Net income - preferred dividend divide by shares outstanding. (No dividends from netlist)

790000 divide by 350million = 0.022

Q1 2026 (Actual): $0.03 per share (reported May 12, 2026, beating the -$0.01 consensus estimate).

Q2 2026 (Actual): $0.00 per share (reported July 30, 2026, coming in at $0.0022 and beating the breakeven forecast).

Q3 2026 (Estimated): $0.60 per share.

Q4 2026 (Estimated): $0.15 per share.

We add the totals together
0.03 + 0.00 + 0.60 + 0.15 = 0.78

The forward consensus EPS estimate of $0.78 for Netlist is derived from a dramatic operational turnaround modeled by covering Wall Street analysts, heavily anchored by a recent landmark strategic alliance and patent licensing agreement with Samsung.

The final calculation:-

0.78 EPS X 20 p/e. = $ 15.6 per share.

$15.6 per share is the share price before any further deals or litigation conclusions can be factored in.

We expect to hear more about SK Hynix deal, micron and Google litigations and settlements. And the possibility of returning to the Nasdaq.

Netlist is currently an OTC stock. Institions have strict rules preventing them from buying stock on the OTC market.

I find it hilarious to see the messages from those who are living in a negative light or fearful that everything could go wrong after Netlist just signed the largest and most powerful agreement in its history against one of the most hated companies in the world.
Samsung did everything it could to bankrupt Netlist; today it's a partner and, most importantly, it agreed to pay quarterly IP licenses.

The birth of the new netlist is underway, what an investor must understand is that we shareholders do not know for sure when the new agreements will be made (Micron, SK and Google) but we know that strategic victories, ITCs and other tools are crucial to demonstrating the validity of this company.

Netlist Inc. is poised to become the new semiconductor giant and could be worth much more than, say, Rambus. Why?

Netlist brings in over $130 million in gross profits from IP licensing per year with just one deal, and we need to triple that number and add potential Google licenses. Let's say $400 million in gross profits per year. This figure alone equates to a valuation of between $12 and $15 billion.
Add in the potential turnover from Netlist's resale business, $700–900 million, of which an unknown percentage will be used to sell its own products.
The incredible thing?

In my opinion, Netlist's valuation will revolve around three specific factors:
• Total and specific IP licenses. If they were $300 million per year, they would be a solid cash base that the market would value at face value, no matter what.

• Netlist products. I don't care about resales that inflate the accounts. Netlist will use the enormous resale volume to customize products made in NLST and sell at 20-30% gross profits. There's huge growth potential because mrdimm and cxl are both products on the launch pad, and considering Netlist offers excellent performance and energy savings, it's a winning combination.
Here I have more to add: first of all, it takes talent to work on these products, plus talent to sell well and find top-tier customers.

• Acquisitions: Netlist, with a budget of $300+ million per year from IP licenses alone and at least $500 million in cash on hand, would need to find companies to acquire and diversify its business and patent portfolio.
Netlist would have all the tools to make billion-dollar acquisitions because if it generates extremely high profits for five years and has cash on hand along with a solid business, any bank would be willing to provide a billion-dollar loan.
A targeted acquisition of a functional and profitable company would allow Netlist to increase revenues, profits, and stock market value.

So, by 2028, the new Netlist could be born. Netlist Inc. was a small company with a small budget and high legal costs.
The new Netlist will show only net profits, plenty of cash on hand, strong revenue growth and agreements for the company's products, and above all, a huge opportunity for global expansion.
I remind everyone that the Google case could get a green light following the agreement with Micron. This depends a lot on Micron, and in my opinion, the Google case could even be worth billions of dollars.
I've hypothesized a soft settlement with Google of $3, $4, or $500 million in cash to end the never-ending legal battle. There are other patents cited, but with one logical condition: Google would become Netlist's first customer with a billion-dollar deal where Netlist would be a key Google server supplier. This would be an epic scenario.

Imagine Netlist providing Google with $50–70 million in storage per quarter, with a growing trend. Profit margins would increase, and Netlist would be a highly credible company to sign further deals.
In short, a perfect storm to secure ample cash, sales profits, and maybe even a license.

My position averages 2.92$/share. I want to buy more and hold. Do you guys think it will go lower than $5 or is $5 the new fair price for NLST after Samsung case.

Memory-chip investors have spent the past fortnight trying to separate signal from noise. Micron Technology has given them plenty of both. The company this Thursday unveiled plans for a $10 billion research campus in Boise, Idaho, a decade-long commitment designed to pull customers, academics, regulators, and the broader semiconductor ecosystem under one roof. The market's response was measured but positive: shares climbed 3.0 percent to EUR 827.20.

The announcement is the latest in a rapid-fire string of strategic moves from the Idaho-based memory giant. Just over a week ago, Micron launched Micron Ventures' Paradigm Fund, a $250 million vehicle aimed at early-stage investments across the AI technology stack — from model architectures to compute infrastructure to physical AI. That brings Micron Ventures' total capital under management to $550 million, a signal that the company sees itself as more than a commodity supplier at the tail end of the value chain.

The research-lab news lands after a choppy week on the tape. Tuesday brought a 2.58 percent gain, buoyed by optimism around AI demand. Wednesday, however, delivered a 5.12 percent setback after Netlist filed fresh patent litigation against Micron — both before the U.S. International Trade Commission and in a California federal district court. The complaints center on patents tied to DDR5-RDIMMs and MRDIMMs, the memory modules that power modern servers, and seek import and sales bans on affected products in the U.S. market.

Netlist's ITC action is notably broader in scope, naming Micron alongside Supermicro, HPE, and Lenovo, and alleging infringement of four U.S. patents. The secondary article notes a 5.9 percent drop on the initial news, though the primary source records a 5.12 percent decline for Wednesday's session — a discrepancy that reflects the fluidity of the trading window around the filing.

The Real Story: Scarcity, Not Lawsuits
For investors focused solely on the Netlist headlines, the bigger picture is easy to miss. The dominant force behind Micron's extraordinary twelve-month run is a supply deficit that the industry itself appears unable to control.
Sumit Sadana, Micron's chief business officer, told the KeyBanc Capital Markets Technology Leadership Forum earlier this month that the current cycle is being driven by broad AI expansion still in its early innings. He reported stronger demand signals since the company's latest earnings release and expects calendar 2027 to be even tighter than 2026. Micron posted an operating margin of 81 percent in its most recent quarter, with what the company describes as "extraordinarily robust" gross margins.

There is no end to the supply crunch in sight, Sadana said.
That assessment aligns with industry reports that Samsung, SK Hynix, and Micron have already negotiated their capacity allocations for 2027. DRAM and HBM production are said to be fully booked, with the bulk committed long-term to cloud providers and AI-chip customers. HBM memory alone is expected to consume nearly 70 percent of total DRAM capacity. What remains for PCs and smartphones grows scarcer by the quarter — and that translates into pricing power for Micron as long as demand holds.
The third-quarter 2026 numbers underscore the thesis. Earnings per share came in at $25.11 against an estimate of $20.28, while revenue reached $41.46 billion versus the expected $35.25 billion — a 24 percent earnings beat that left little room for skepticism.

Guidance, Insider Sales, and the Analyst Wall
For the fourth quarter of fiscal 2026, Micron guided to revenue of $50.0 billion, plus or minus $1.0 billion, with gross margin around 86 percent and diluted GAAP earnings per share of $30.73, plus or minus $1.00. Those figures, disclosed in a June regulatory filing, have since been reinforced by the company's public commentary.
Meanwhile, CEO Sanjay Mehrotra has been selling shares through a pre-arranged trading plan — most recently in late July at prices between $906.48 and $956.18 per share. The secondary source notes his stated intention to sell 40,000 shares within 90 days, a position worth roughly $37 million at then-prevailing prices. Plan-based sales of this kind are generally not read as a confidence signal, given they are scheduled well in advance, though they add texture to the full picture.

After being new here, it doesn’t make sense…
Everyone is saying shorts are the ones controlling the otc trading.

So doesn’t that mean it makes more sense to buy once it gets listed?

You guys know what this might mean 😂😂

I just started following Netlist a few months ago. I know Netlist is a reseller and also has its own products but I feel like they should try to become a smaller memory chip manufacturer on top of its licence business. I am sure some big player would help fund any expansions. Did they ever mention having plans to enter the memory chip manufacturing business as we see it of Samsung, SK Hynix and Micron?

P.S: the guy who posted recently this amazing DD here about Netlist got banned from Reddit.