Who Optimizes SG&A Costs Better? Lam Research Corporation or Gen Digital Inc.

Optimizing SG&A Costs: A Tale of Two Companies

In the competitive landscape of the semiconductor and digital security industries, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Lam Research Corporation and Gen Digital Inc. have taken distinct paths in optimizing these costs over the past decade.

From 2014 to 2024, Gen Digital Inc. saw a significant reduction in SG&A expenses, dropping from 2.88 billion to 1.34 billion, a decrease of over 50%. This reflects a strategic shift towards leaner operations. In contrast, Lam Research Corporation maintained a more stable SG&A expense profile, with a modest increase from 613 million to 868 million, indicating a consistent investment in administrative functions to support growth.

This analysis highlights the different strategies employed by these companies in managing operational costs, offering valuable insights into their financial health and strategic priorities.