Operational Costs Compared: SG&A Analysis of Micron Technology, Inc. and Lam Research Corporation

A Comparative Analysis of SG&A Expenses: Micron vs. Lam Research

In the ever-evolving semiconductor industry, operational efficiency is key to maintaining a competitive edge. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: Micron Technology, Inc. and Lam Research Corporation, from 2014 to 2024. Over this decade, Micron consistently outpaced Lam Research in SG&A spending, with an average of 15% higher expenses. Notably, in 2022, Micron's SG&A expenses surged to 1.07 billion, marking a 20% increase from 2014, while Lam Research saw a 44% rise, reaching 885 million. This trend highlights Micron's aggressive investment in operational capabilities, potentially driving innovation and market expansion. As we look to 2024, Micron's expenses are projected to peak at 1.13 billion, underscoring its commitment to growth. This financial narrative offers a glimpse into the strategic priorities shaping the future of these semiconductor leaders.

Key Insights

• Micron's SG&A expenses consistently higher than Lam's by an average of 15%.
• Significant growth in expenses for both companies from 2014 to 2024.