Analog Devices, Inc. or Keysight Technologies, Inc.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: Analog Devices or Keysight Technologies?

In the competitive landscape of technology companies, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. From 2014 to 2024, Analog Devices, Inc. and Keysight Technologies, Inc. have shown distinct strategies in handling these costs.

Analog Devices started with lower SG&A expenses in 2014, around 57% of Keysight's. However, by 2023, their expenses surged by approximately 180%, reaching nearly 98% of Keysight's. This indicates a significant increase in their operational costs over the decade.

Conversely, Keysight Technologies maintained a more consistent growth in SG&A expenses, with a 65% increase from 2014 to 2024. Their strategic cost management has allowed them to keep expenses relatively stable, despite the industry's rapid evolution.

This analysis highlights the importance of strategic cost management in sustaining competitive advantage in the tech industry.