SG&A Efficiency Analysis: Comparing Advanced Micro Devices, Inc. and Fiserv, Inc.

SG&A Efficiency: A Tale of Two Giants

In the ever-evolving landscape of technology and financial services, understanding operational efficiency is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Advanced Micro Devices, Inc. (AMD) and Fiserv, Inc. over the past decade. From 2014 to 2023, AMD's SG&A expenses grew by nearly 300%, reflecting its aggressive expansion and innovation strategies. In contrast, Fiserv's expenses surged by approximately 575%, highlighting its significant investments in technology and acquisitions.

Key Insights

• AMD's Growth: Starting at 60% of Fiserv's expenses in 2014, AMD's SG&A expenses reached 36% of Fiserv's by 2023, showcasing a more controlled growth.
• Fiserv's Expansion: Fiserv's expenses consistently outpaced AMD's, peaking in 2023, indicating its robust market positioning.

This comparative analysis underscores the strategic financial maneuvers of these industry leaders, offering a window into their operational priorities.