Breaking Down SG&A Expenses: ASML Holding N.V. vs International Business Machines Corporation

A Tale of Two Giants: ASML vs. IBM in SG&A Expenses

In the ever-evolving landscape of global technology, ASML Holding N.V. and International Business Machines Corporation (IBM) stand as titans. From 2014 to 2023, these companies have showcased contrasting strategies in managing Selling, General, and Administrative (SG&A) expenses. ASML, a leader in semiconductor manufacturing, has seen its SG&A expenses grow by approximately 250%, reflecting its aggressive expansion and innovation-driven approach. In contrast, IBM, a stalwart in the IT services sector, has maintained a relatively stable SG&A expenditure, with a slight decline of around 20% over the same period, indicating a focus on efficiency and cost management.

Interestingly, 2023 marks a pivotal year where ASML's SG&A expenses reached nearly 1.1 billion, while IBM's expenses hovered around 18 billion. This divergence highlights the distinct paths these companies are taking in the tech industry, with ASML's rapid growth juxtaposed against IBM's steady course.