R&D Spending Showdown: Broadcom Inc. vs Fortinet, Inc.

R&D Spending: A Tale of Two Tech Giants

In the ever-evolving tech landscape, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Broadcom Inc. and Fortinet, Inc., two giants in the tech industry, have shown contrasting trends in their R&D investments over the past decade. Since 2014, Broadcom's R&D expenses have surged by over 1,200%, peaking at an impressive $9.31 billion in 2024. This reflects Broadcom's aggressive strategy to maintain its competitive edge. In contrast, Fortinet's R&D spending, while growing steadily, reached $613 million in 2023, marking a 400% increase since 2014. This disparity highlights Broadcom's larger scale and broader focus compared to Fortinet's more niche market. The missing data for 2024 suggests Fortinet's future R&D trajectory remains uncertain, adding an intriguing element to this financial showdown.