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

A Tale of Two Giants: ServiceNow vs. Lam Research

In the ever-evolving landscape of technology and innovation, ServiceNow, Inc. and Lam Research Corporation stand as titans in their respective fields. Over the past decade, these companies have demonstrated remarkable growth in their Selling, General, and Administrative (SG&A) expenses, a key indicator of their operational scale and market strategies.

ServiceNow's Meteoric Rise

From 2014 to 2023, ServiceNow's SG&A expenses surged by nearly 850%, reflecting its aggressive expansion and investment in customer acquisition and product development. By 2023, ServiceNow's SG&A expenses reached a staggering 4.16 billion, underscoring its commitment to maintaining its competitive edge in the cloud computing sector.

Lam Research's Steady Ascent

In contrast, Lam Research exhibited a more measured growth, with SG&A expenses increasing by approximately 36% over the same period. This steady rise highlights Lam's focus on operational efficiency and strategic investments in semiconductor manufacturing.

As we look to the future, the divergent paths of these industry leaders offer valuable insights into the dynamics of tech-driven growth and innovation.