Breaking Down SG&A Expenses: Broadcom Inc. vs Fortinet, Inc.

A Comparative Analysis of SG&A Expenses: Broadcom Inc. vs Fortinet, Inc.

In the ever-evolving tech industry, understanding the financial strategies of leading companies is crucial. Broadcom Inc. and Fortinet, Inc., two giants in the semiconductor and cybersecurity sectors respectively, have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Broadcom's SG&A expenses surged by over 290%, peaking in 2024 with a significant jump. Meanwhile, Fortinet's expenses increased by approximately 520%, reflecting its aggressive growth strategy. Notably, Fortinet surpassed Broadcom in 2023, with expenses reaching 2.2 billion. This shift highlights Fortinet's expanding market presence. However, data for 2024 is missing for Fortinet, leaving room for speculation. These trends underscore the dynamic nature of financial management in tech, where strategic investments in SG&A can drive competitive advantage.