Selling, General, and Administrative Costs: Texas Instruments Incorporated vs Monolithic Power Systems, Inc.

A Comparative Analysis of SG&A Expenses: Texas Instruments vs. Monolithic Power Systems

In the ever-evolving landscape of the semiconductor industry, understanding the financial strategies of key players is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Texas Instruments Incorporated and Monolithic Power Systems, Inc. over the past decade. From 2014 to 2023, Texas Instruments consistently allocated a significant portion of its budget to SG&A, with expenses peaking at approximately $1.84 billion in 2014. Despite a slight dip in subsequent years, the company maintained a robust financial strategy, with expenses hovering around $1.7 billion annually.

Conversely, Monolithic Power Systems demonstrated a dynamic growth trajectory, with SG&A expenses increasing by over 300% from 2014 to 2023. This surge reflects the company's aggressive expansion and market penetration strategies. Notably, 2023 marked a record high for Monolithic Power Systems, with expenses reaching approximately $276 million. The data for 2024 remains incomplete, offering a glimpse into the future financial maneuvers of these industry giants.