Adobe Inc. or QUALCOMM Incorporated: Who Manages SG&A Costs Better?

Adobe vs. QUALCOMM: A Decade of SG&A Management

In the ever-evolving tech industry, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Adobe Inc. and QUALCOMM Incorporated have showcased contrasting strategies in handling these costs. Adobe's SG&A expenses have surged by approximately 230% from 2014 to 2024, reflecting its aggressive growth and expansion strategies. In contrast, QUALCOMM has maintained a more stable approach, with only a 20% increase over the same period.

Adobe's significant rise in SG&A expenses, peaking at $7.3 billion in 2024, indicates its investment in marketing and administrative capabilities to support its expanding product lines. Meanwhile, QUALCOMM's consistent expenses, averaging around $2.5 billion annually, suggest a focus on operational efficiency and cost control. This comparison highlights the diverse approaches these tech giants take in managing their operational costs, offering valuable insights into their strategic priorities.