Breaking Down SG&A Expenses: Applied Materials, Inc. vs Intel Corporation

A Comparative Analysis of SG&A Expenses: Applied Materials, Inc. vs. Intel Corporation

In the ever-evolving landscape of the semiconductor industry, understanding the financial strategies of key players is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Applied Materials, Inc. and Intel Corporation from 2014 to 2023. Over this period, Intel consistently outspent Applied Materials, with SG&A expenses peaking at approximately $8.4 billion in 2016. In contrast, Applied Materials showed a steady increase, culminating in a 100% rise from 2014 to 2023, reaching nearly $1.8 billion. Notably, Intel's expenses saw a significant dip in 2023, dropping to $5.6 billion, highlighting potential strategic shifts or cost-cutting measures. This financial narrative underscores the dynamic nature of corporate strategies in the tech sector, where efficient management of SG&A expenses can be a key differentiator in maintaining competitive advantage.