SG&A Expense Trends: Lam Research vs. Monolithic Power

In the competitive landscape of semiconductor companies, understanding financial trends is crucial. Over the past decade, Lam Research Corporation and Monolithic Power Systems, Inc. have shown distinct patterns in their Selling, General, and Administrative (SG&A) expenses.

A Decade of Financial Insights

From 2014 to 2023, Lam Research's SG&A expenses have grown by approximately 41%, peaking in 2022. This reflects a strategic investment in operational capabilities. In contrast, Monolithic Power Systems has seen a staggering 313% increase, indicating aggressive expansion and market penetration strategies.

Key Observations

While Lam Research's expenses remained relatively stable, Monolithic Power's expenses surged, especially post-2018. This divergence highlights differing business strategies. Notably, data for 2024 is incomplete, suggesting potential shifts in future trends.

These insights provide a window into the financial health and strategic priorities of these industry giants, offering valuable lessons for investors and analysts alike.