SG&A Expense Trends: Texas Instruments vs. Garmin

In the ever-evolving landscape of technology, understanding financial trends is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: Texas Instruments and Garmin, from 2014 to 2023. Over this decade, Texas Instruments consistently outspent Garmin, with its SG&A expenses peaking in 2014 at approximately 1.84 billion USD. However, by 2023, this figure slightly decreased to around 1.83 billion USD, reflecting a modest 0.5% reduction.

Conversely, Garmin's SG&A expenses exhibited a robust upward trajectory, growing from 518 million USD in 2014 to over 1 billion USD in 2023, marking a staggering 94% increase. This trend underscores Garmin's aggressive expansion and investment in administrative capabilities. Notably, the data for 2024 is incomplete, highlighting the dynamic nature of financial forecasting. These insights offer a window into the strategic priorities of these tech titans.