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

Cost of Revenue Trends: A Tale of Two Giants

In the ever-evolving landscape of technology, ServiceNow, Inc. and Micron Technology, Inc. have carved distinct paths in their cost of revenue trends over the past decade. From 2014 to 2024, Micron Technology's cost of revenue has surged by approximately 78%, reflecting its robust growth in the semiconductor industry. In contrast, ServiceNow, a leader in cloud-based services, has seen its cost of revenue increase by over 800% during the same period, underscoring its rapid expansion and scaling efforts.

A Decade of Transformation

Micron's cost of revenue peaked in 2024, reaching nearly double its 2014 figures, driven by increased demand for memory and storage solutions. Meanwhile, ServiceNow's cost of revenue, though smaller in absolute terms, highlights its aggressive market penetration and operational scaling. This comparison not only showcases the diverse strategies of these tech titans but also offers insights into the broader trends shaping the technology sector.