Netlist (NLST) Cost of Revenue (2010 - 2026)
Netlist's Cost of Revenue was $86.96 million in Q2 2026, up 115.7% from $40.31 million a year earlier and up 5.4% from the prior quarter.
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Analysis
Netlist (NLST) Cost of Revenue (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Netlist's Cost of Revenue was $278.67 million through Jun 27, 2026, up 97.6% year-over-year; for FY2025, it was $177.19 million, up 22.9% from FY2024.
- Cost of Revenue shows a four-year compound annual growth rate of 17.3% (FY2021 to FY2025).
- In earlier years, Cost of Revenue was $144.22 million in FY2024 (+115.9%), $66.81 million in FY2023 (-55.4%), $149.75 million in FY2022 (+60.2%) and $93.46 million in FY2021.
- The Q2 2026 figure marks the highest quarterly Cost of Revenue in data going back to Q1 2011.
- Compared with a year earlier, Cost of Revenue has increased for five straight quarters, with growth averaging 69.4% over the last eight quarters.
- The best year-over-year quarter for Cost of Revenue over five years was Q1 2024 (growth of 314.8%); the worst was Q1 2023 (a decline of 81.9%).
- Per Business Quant data, NLST's Cost of Revenue in the three quarters before Q2 2026 was $82.5 million (Q1 2026), $68.81 million (Q4 2025) and $40.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 54.65 Bn |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 6.19 Bn |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 37.14 Bn |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | 1.13 Bn |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 1.38 Bn |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 1.73 Bn |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 1.72 Bn |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 11.27 Bn |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 509.80 Mn |
| 10 | Netlist | 1.88 Bn | 1.79 Bn | 22.88 Mn | 86.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 86.96 Mn |
| Mar 28, 2026 | 82.50 Mn |
| Dec 27, 2025 | 68.81 Mn |
| Sep 27, 2025 | 40.40 Mn |
| Jun 28, 2025 | 40.31 Mn |
| Mar 29, 2025 | 27.68 Mn |
| Dec 28, 2024 | 34.02 Mn |
| Sep 28, 2024 | 39.04 Mn |
| Jun 29, 2024 | 36.06 Mn |
| Mar 30, 2024 | 35.09 Mn |
| Dec 30, 2023 | 32.28 Mn |
| Sep 30, 2023 | 16.29 Mn |
| Jul 1, 2023 | 9.79 Mn |
| Apr 1, 2023 | 8.46 Mn |
| Dec 31, 2022 | 20.05 Mn |
| Oct 1, 2022 | 32.24 Mn |
| Jul 2, 2022 | 50.61 Mn |
| Apr 2, 2022 | 46.84 Mn |
| Jan 1, 2022 | 62.98 Mn |
| Oct 2, 2021 | 24.24 Mn |
API Access
Netlist Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NLST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "NLST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=NLST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();