ASML Holding N.V. or TE Connectivity Ltd.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: ASML Holding N.V. or TE Connectivity Ltd.?

In the competitive landscape of global technology companies, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, ASML Holding N.V. and TE Connectivity Ltd. have shown distinct approaches to handling these costs.

From 2014 to 2023, ASML's SG&A expenses grew by approximately 250%, reflecting its aggressive expansion strategy. In contrast, TE Connectivity Ltd. maintained a more stable SG&A cost structure, with only a 10% increase over the same period. This suggests a more conservative approach to cost management.

Interestingly, while ASML's expenses surged, TE Connectivity Ltd. consistently reported higher absolute SG&A costs, indicating its larger operational scale. However, the data for 2024 is incomplete, leaving room for speculation on future trends.

Understanding these dynamics offers valuable insights into each company's strategic priorities and operational efficiencies.