Broadcom vs. Dell: A Decade of SG&A Management

In the ever-evolving tech industry, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Broadcom Inc. and Dell Technologies Inc. have showcased contrasting strategies in handling these costs. Broadcom's SG&A expenses have seen a steady increase, peaking at approximately $4.96 billion in 2024, a significant rise from $407 million in 2014. This represents a staggering 1,118% increase over the period. In contrast, Dell's SG&A expenses have fluctuated, reaching a high of $20.64 billion in 2019 before settling at $12.86 billion in 2024. Despite Dell's higher absolute expenses, Broadcom's rapid growth in SG&A costs highlights its aggressive expansion strategy. As investors and analysts scrutinize these figures, the question remains: which company will leverage its SG&A management to drive future growth?

Key Insights

• Broadcom's SG&A expenses grew over 11 times from 2014 to 2024.
• Dell's expenses peaked in 2019, showing a more volatile trend.