Analyzing Cost of Revenue: Micron Technology, Inc. and Garmin Ltd.

Analyzing Cost of Revenue: A Tale of Two Giants

In the ever-evolving landscape of technology and innovation, Micron Technology, Inc. and Garmin Ltd. stand as titans in their respective fields. Over the past decade, from 2014 to 2023, these companies have showcased distinct trajectories in their cost of revenue. Micron Technology, a leader in memory and storage solutions, has seen its cost of revenue grow by approximately 55%, peaking in 2023. This reflects its aggressive expansion and adaptation to the increasing demand for data storage. Meanwhile, Garmin Ltd., renowned for its GPS technology, has experienced a more modest increase of around 75% in the same period, indicating steady growth and diversification in its product offerings. Notably, 2024 data for Garmin is missing, leaving room for speculation on its future financial strategies. This analysis provides a window into the financial health and strategic directions of these industry leaders.