Netlist (NLST) Gross Margin (2009 - 2026)
Netlist (NLST) recorded Gross Margin of 65.51% in Q3 2026, up 61.16 percentage points from 4.35% a year earlier and up 44.68 percentage points from the prior quarter.
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Analysis
Netlist (NLST) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Netlist's Gross Margin came in at 30.60% as of Sep 26, 2026, up 27.35 percentage points year-over-year; for FY2025, it came in at 6.06%, up 4.10 percentage points from FY2024.
- Annual Gross Margin has a four-year change of -28.28 percentage points (FY2021 to FY2025).
- Across earlier years, Gross Margin came in at 1.96% in FY2024 (-1.50 pp), 3.46% in FY2023 (-3.90 pp), 7.36% in FY2022 (-26.99 pp) and 34.35% in FY2021.
- The Q3 2026 figure is the highest quarterly Gross Margin since Q1 2016.
- On a year-over-year basis, Gross Margin has increased for seven consecutive quarters, with an average year-over-year change of +13.30 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 61.16 percentage points in Q3 2026, against a drop of 33.53 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 20.83% (Q2 2026), 21.34% (Q1 2026) and 9.13% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,177.41 Bn | 4,922.87 Bn | 54.82 Bn | 47.89% |
| 2 | Cisco Systems | 377.40 Bn | 377.40 Bn | 11.79 Bn | - |
| 3 | Arista Networks | 249.38 Bn | 198.58 Bn | 2.33 Bn | 63.59% |
| 4 | Dell Technologies | 220.34 Bn | 176.10 Bn | 9.83 Bn | 20.93% |
| 5 | Sony | 166.48 Bn | 103.89 Bn | 7.96 Bn | 36.95% |
| 6 | Sandisk | 127.44 Bn | 112.27 Bn | 9.38 Bn | 85.01% |
| 7 | Seagate Technology Holdings | 121.35 Bn | 116.20 Bn | 2.43 Bn | 57.34% |
| 8 | Western Digital | 110.67 Bn | 100.50 Bn | 2.53 Bn | 57.84% |
| 9 | Hewlett Packard Enterprise | 64.15 Bn | 42.09 Bn | 4.93 Bn | 40.34% |
| 10 | Netlist | 1.92 Bn | 1.53 Bn | 68.86 Mn | 65.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 26, 2026 | 65.51% |
| Jun 27, 2026 | 20.83% |
| Mar 28, 2026 | 21.34% |
| Dec 27, 2025 | 9.13% |
| Sep 27, 2025 | 4.35% |
| Jun 28, 2025 | 3.34% |
| Mar 29, 2025 | 4.49% |
| Dec 28, 2024 | 0.74% |
| Sep 28, 2024 | 2.84% |
| Jun 29, 2024 | 2.10% |
| Mar 30, 2024 | 2.00% |
| Dec 30, 2023 | 3.45% |
| Sep 30, 2023 | 2.63% |
| Jul 1, 2023 | 2.38% |
| Apr 1, 2023 | 6.21% |
| Dec 31, 2022 | 7.39% |
| Oct 1, 2022 | 6.33% |
| Jul 2, 2022 | 8.58% |
| Apr 2, 2022 | 6.70% |
| Jan 1, 2022 | 40.92% |
API Access
Netlist Gross Margin 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=gross-margin&ticker=NLST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=NLST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();