SG&A Expense Trends: NVIDIA vs. ON Semiconductor

In the ever-evolving semiconductor industry, understanding financial trends is crucial. Over the past decade, NVIDIA Corporation and ON Semiconductor Corporation have shown distinct trajectories in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, NVIDIA's SG&A expenses surged by over 500%, reflecting its aggressive growth strategy and market expansion. In contrast, ON Semiconductor's expenses grew by approximately 68%, indicating a more conservative approach.

A Decade of Financial Evolution

NVIDIA's expenses jumped from around $435 million in 2014 to an impressive $2.44 billion in 2023, showcasing its commitment to innovation and market leadership. Meanwhile, ON Semiconductor's expenses increased from $381 million to $641 million, highlighting steady growth. Notably, data for 2024 is incomplete, emphasizing the need for ongoing analysis. These trends offer valuable insights into each company's strategic priorities and market positioning.