Until recently, intensity modulations in synthetic aperture radar (SAR) altimetry waveform tails have been considered a nuisance for geophysical-parameter retrieval. These modulations are actually predictable and might be exploited using a spectral analysis of the waveform tails. After Altiparmaki et al. (2022), a more elaborated analysis is performed to improve the interpretation of these SAR altimeter spectra. A fast numerical model is developed to explain the modulation mechanisms in focused SAR altimetry waveform tails. Using numerical solutions, standard analytical closed-form solutions, are demonstrated to be invalid to retrieve ocean-wave-spectra retrievals from nadir altimeters. Although not valid, a closed-form derivation provides intuitive insights about the information contained in an SAR altimetry cross-spectrum. Under moderate environmental conditions (significant wave heights (SWHs) of similar to 2 m), a closed-form solution might still be useful to infer swell-wave spectra from swath-altimetry SAR spectra at incident angles of similar to 4 degrees. Comparable to side-looking SAR ocean processing, the cross-spectral analysis for nadir signals reduces noise and might remove the 180 degrees ambiguity of the wave direction. Since the synthetic aperture length of nadir altimeters is larger than sidelooking imaging SARs (e.g., Sentinel-1, RadarSat, Gaofen-3), sublook processing can be performed to compute multiple cross-spectra for the same scene. With a slightly changing observation geometry, the cross-spectra reveal slightly different parts of the ocean-wave spectrum. The resulting stack of cross-spectra can thus be used to improve the retrieval of ocean-wave parameters. Retrieved ocean-wave parameters shall then enhance the sampling of the global wave field, but also serve to advance more consistent sea-state-bias corrections.