Breaking Down SG&A Expenses: Broadcom Inc. vs Lam Research Corporation

A Tale of Two Giants: Broadcom Inc. vs. Lam Research Corporation

In the ever-evolving tech industry, understanding operational efficiency is crucial. Broadcom Inc. and Lam Research Corporation, two titans in the semiconductor sector, offer a fascinating study in contrasts when it comes to Selling, General, and Administrative (SG&A) expenses. Over the past decade, Broadcom's SG&A expenses have surged by over 1,100%, peaking in 2024, while Lam Research's expenses have grown by a modest 42% in the same period. This disparity highlights Broadcom's aggressive expansion strategy compared to Lam's more conservative approach. Notably, Broadcom's expenses in 2024 are nearly six times higher than Lam's, reflecting its broader market reach and operational scale. As these companies continue to innovate, their financial strategies offer valuable insights into their future trajectories.