Breaking Down SG&A Expenses: Analog Devices, Inc. vs STMicroelectronics N.V.

A Comparative Analysis of SG&A Expenses: Analog Devices, Inc. vs STMicroelectronics N.V.

In the ever-evolving semiconductor industry, understanding the financial strategies of key players is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two giants: Analog Devices, Inc. and STMicroelectronics N.V., from 2014 to 2023. Over this decade, STMicroelectronics consistently outspent Analog Devices in SG&A, peaking in 2023 with a 65% higher expenditure. Notably, Analog Devices saw a significant rise in 2022, with expenses jumping by 38% from the previous year, reflecting strategic investments in growth. Meanwhile, STMicroelectronics maintained a steady increase, highlighting its commitment to robust operational management. The data for 2024 is incomplete, indicating a potential shift in trends. This financial insight offers a window into the strategic priorities of these industry leaders, providing a valuable perspective for investors and analysts alike.