Breaking Down SG&A Expenses: Applied Materials, Inc. vs Cognizant Technology Solutions Corporation

A Comparative Analysis of SG&A Expenses: Applied Materials vs. Cognizant Technology

In the ever-evolving landscape of technology, understanding the financial strategies of industry giants is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two major players: Applied Materials, Inc. and Cognizant Technology Solutions Corporation, from 2014 to 2023.

Over the past decade, Cognizant consistently outspent Applied Materials in SG&A, with expenses peaking at approximately 3.5 billion in 2021. This represents a 72% increase from their 2014 figures. In contrast, Applied Materials exhibited a steady growth, with SG&A expenses rising by nearly 102% over the same period, reaching around 1.8 billion in 2023.

Interestingly, while Cognizant's expenses showed a slight decline in 2023, Applied Materials continued its upward trajectory. This divergence may indicate differing strategic priorities or market conditions affecting each company. Such insights are invaluable for investors and analysts seeking to understand the financial health and strategic direction of these tech titans.