NVIDIA Corporation or Jabil Inc.: Who Manages SG&A Costs Better?

NVIDIA vs. Jabil: A Decade of SG&A Management

In the ever-evolving tech landscape, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining competitive advantage. Over the past decade, NVIDIA Corporation and Jabil Inc. have demonstrated contrasting approaches to SG&A cost management. From 2014 to 2024, Jabil Inc. maintained a relatively stable SG&A expense growth, averaging around $1.04 billion annually, with a modest increase of approximately 72% over the period. In contrast, NVIDIA's SG&A expenses surged by nearly 510%, reflecting its aggressive expansion and investment in innovation.

By 2023, NVIDIA's SG&A expenses reached $2.44 billion, significantly outpacing Jabil's $1.21 billion. This trend highlights NVIDIA's strategic focus on scaling operations and market presence. However, Jabil's consistent expense management underscores its commitment to operational efficiency. As these industry giants continue to evolve, their SG&A strategies will remain pivotal in shaping their financial trajectories.