Lam Research Corporation or Corning Incorporated: Who Manages SG&A Costs Better?

SG&A Cost Management: A Tale of Two Giants

In the competitive landscape of technology and manufacturing, managing Selling, General, and Administrative (SG&A) expenses is crucial for profitability. Over the past decade, Lam Research Corporation and Corning Incorporated have demonstrated contrasting approaches to SG&A cost management. From 2014 to 2024, Corning's SG&A expenses have consistently been higher, peaking at approximately $1.93 billion in 2024. In contrast, Lam Research has maintained a more conservative approach, with expenses reaching around $868 million in the same year.

Corning's expenses have grown by about 60% over the decade, reflecting its expansive operational strategies. Meanwhile, Lam Research's expenses have increased by roughly 42%, showcasing a more controlled growth. This comparison highlights the strategic differences in managing operational costs, with Corning focusing on expansion and Lam Research emphasizing efficiency. Understanding these strategies provides valuable insights into corporate financial management in the tech industry.