Lam Research Corporation vs Teradyne, Inc.: SG&A Expense Trends

SG&A Expense Trends: Lam Research vs. Teradyne

In the competitive landscape of semiconductor equipment manufacturing, understanding the financial health of industry leaders is crucial. Over the past decade, Lam Research Corporation and Teradyne, Inc. have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Lam Research's SG&A expenses have grown by approximately 36%, peaking in 2022. This reflects their strategic investments in scaling operations and enhancing market presence. In contrast, Teradyne's SG&A expenses have increased by about 79% over the same period, indicating a robust expansion strategy. Notably, Teradyne's expenses consistently rose each year, highlighting their aggressive market positioning. However, data for 2024 is incomplete, suggesting a need for cautious interpretation. These trends offer valuable insights into the operational strategies of these tech giants, providing investors and analysts with a clearer picture of their financial trajectories.

Key Insights

• Lam Research's SG&A expenses peaked in 2022.
• Teradyne's expenses show a consistent upward trend.
• Missing data for 2024 requires careful analysis.