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

In the ever-evolving tech industry, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, NVIDIA Corporation and NetApp, Inc. have showcased contrasting strategies in handling these costs. From 2014 to 2024, NVIDIA's SG&A expenses surged by over 500%, reflecting its aggressive growth and expansion strategy. In contrast, NetApp maintained a relatively stable SG&A expenditure, with fluctuations of less than 10% annually, indicating a more conservative approach.

Key Insights

• NVIDIA's Growth: By 2024, NVIDIA's SG&A expenses reached approximately $2.65 billion, a testament to its rapid scaling and market penetration.
• NetApp's Stability: NetApp's expenses hovered around $2 billion, showcasing its focus on operational efficiency.

This analysis highlights the strategic choices companies make in balancing growth with cost management, offering valuable lessons for investors and industry analysts alike.