SG&A Spending Patterns: A Tale of Two Tech Giants

In the ever-evolving tech landscape, understanding spending patterns can offer valuable insights into a company's strategic priorities. Over the past decade, Micron Technology, Inc. and CyberArk Software Ltd. have demonstrated distinct approaches to their Selling, General, and Administrative (SG&A) expenses.

Micron Technology, Inc.

Micron's SG&A expenses have shown a steady increase, peaking at approximately $1.13 billion in 2024. This represents a 60% rise from 2014, reflecting the company's aggressive expansion and investment in administrative capabilities.

CyberArk Software Ltd.

Conversely, CyberArk's SG&A expenses have surged by over 800% from 2014 to 2023, reaching around $500 million. This dramatic increase underscores CyberArk's commitment to scaling its operations and enhancing its market presence.

While Micron's spending is more consistent, CyberArk's rapid growth trajectory highlights its dynamic approach to capturing market share. These patterns reveal the strategic priorities of each company, offering a glimpse into their future directions.