Research and Development Expenses Breakdown: ServiceNow, Inc. vs Micron Technology, Inc.

A Decade of Innovation: R&D Spending in Tech Giants

In the ever-evolving tech landscape, research and development (R&D) expenses are a key indicator of a company's commitment to innovation. Over the past decade, ServiceNow, Inc. and Micron Technology, Inc. have demonstrated contrasting yet fascinating trends in their R&D investments.

From 2014 to 2024, Micron Technology's R&D expenses surged by approximately 150%, reflecting its strategic focus on advancing semiconductor technologies. In contrast, ServiceNow, Inc. exhibited an impressive growth of over 1,600% in the same period, underscoring its aggressive expansion in cloud-based solutions.

By 2024, ServiceNow's R&D spending reached nearly 75% of Micron's, a significant leap from just 11% in 2014. This shift highlights the dynamic nature of tech investments and the increasing importance of software innovation. As these companies continue to push boundaries, their R&D strategies will undoubtedly shape the future of technology.