Selling, General, and Administrative Costs: NVIDIA Corporation vs Dell Technologies Inc.

A Tale of Two Giants: NVIDIA vs. Dell in SG&A Costs

In the ever-evolving tech landscape, understanding the financial strategies of industry leaders is crucial. Over the past decade, Dell Technologies Inc. and NVIDIA Corporation have showcased contrasting approaches in managing their Selling, General, and Administrative (SG&A) expenses. Dell, a stalwart in the hardware sector, consistently reported SG&A costs averaging around $13.6 billion annually, peaking in 2019. In contrast, NVIDIA, a leader in graphics processing, maintained a leaner profile with expenses averaging $1.3 billion, reflecting a strategic focus on innovation and efficiency.

From 2014 to 2024, Dell's SG&A expenses fluctuated, with a notable 30% increase from 2016 to 2019, highlighting its aggressive market expansion. Meanwhile, NVIDIA's expenses grew by over 500% during the same period, underscoring its rapid growth and investment in cutting-edge technology. This financial narrative offers a glimpse into the strategic priorities of these tech titans.