Cost of Revenue: Key Insights for Micron Technology, Inc. and Fortinet, Inc.

Cost of Revenue Trends: Micron Technology, Inc. vs. Fortinet, Inc.

In the ever-evolving landscape of technology, understanding the cost of revenue is crucial for investors and analysts alike. Over the past decade, Micron Technology, Inc. and Fortinet, Inc. have shown distinct trajectories in their cost of revenue. From 2014 to 2023, Micron's cost of revenue has seen a steady increase, peaking at approximately $17 billion in 2023, reflecting a growth of around 55% from 2014. In contrast, Fortinet's cost of revenue has surged by over 400% during the same period, reaching $1.2 billion in 2023. This stark difference highlights the varying business models and market strategies of these two tech giants. While Micron's growth is consistent, Fortinet's rapid increase suggests aggressive expansion and scaling. Notably, data for 2024 is incomplete, indicating potential shifts in the coming year.