SG&A Efficiency: A Tale of Two Giants

In the ever-evolving semiconductor industry, understanding operational efficiency is crucial. Broadcom Inc. and ON Semiconductor Corporation, two titans in this field, have shown distinct trends in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, Broadcom's SG&A expenses surged by approximately 291%, peaking in 2024 with a notable increase. In contrast, ON Semiconductor's expenses grew by about 68% over the same period, reflecting a more stable trajectory.

A Decade of Change

Broadcom's expenses saw a dramatic rise, especially between 2018 and 2024, indicating strategic investments or expansions. Meanwhile, ON Semiconductor maintained a steadier pace, suggesting a focus on cost control. This divergence highlights different strategic priorities and operational efficiencies. Missing data for 2024 in ON Semiconductor's records suggests potential reporting delays or strategic shifts. As the semiconductor landscape continues to evolve, these insights offer a glimpse into the financial strategies of industry leaders.