SG&A Expense Trends: A Tale of Two Tech Giants

In the ever-evolving tech landscape, understanding financial trends is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry titans: QUALCOMM Incorporated and Fortinet, Inc., from 2014 to 2023.

QUALCOMM, a leader in wireless technology, consistently outpaces Fortinet in SG&A spending, reflecting its expansive global operations. In 2023, QUALCOMM's SG&A expenses were approximately 2.5 times higher than Fortinet's, highlighting its significant investment in administrative and sales functions. However, Fortinet, a cybersecurity powerhouse, has shown a remarkable growth trajectory, with its SG&A expenses increasing by over 520% from 2014 to 2023.

This trend underscores Fortinet's aggressive expansion strategy in the cybersecurity market. Notably, data for 2024 is incomplete, suggesting a need for cautious interpretation of future projections. These insights offer a window into the strategic priorities of these tech giants.