Selling, General, and Administrative Costs: ServiceNow, Inc. vs Microchip Technology Incorporated

A Tale of Two Giants: ServiceNow vs. Microchip Technology

In the ever-evolving landscape of technology, understanding the financial dynamics of industry leaders is crucial. ServiceNow, Inc. and Microchip Technology Incorporated, two titans in their respective fields, have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses over the past decade.

From 2014 to 2024, ServiceNow's SG&A expenses have surged by over 900%, reflecting its aggressive growth strategy and expansion in the cloud computing sector. In contrast, Microchip Technology's expenses have increased by approximately 175%, indicating a more measured approach in the semiconductor industry.

By 2023, ServiceNow's SG&A expenses were nearly five times those of Microchip Technology, highlighting the contrasting scales and operational strategies of these companies. This data not only underscores the financial commitments of these firms but also provides insights into their strategic priorities in a competitive market.