Operational Costs Compared: SG&A Analysis of Analog Devices, Inc. and Fortinet, Inc.

A Tale of Two Giants: SG&A Expenses of Analog Devices and Fortinet

In the ever-evolving tech landscape, operational efficiency is paramount. Over the past decade, Analog Devices, Inc. and Fortinet, Inc. have showcased intriguing trends in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Fortinet's SG&A expenses surged by over 520%, peaking at $2.2 billion in 2023. In contrast, Analog Devices saw a more modest increase of approximately 180%, reaching $1.27 billion in the same year. This disparity highlights Fortinet's aggressive expansion strategy, possibly driven by its rapid growth in cybersecurity demand. Meanwhile, Analog Devices' steady rise reflects a more conservative approach, focusing on sustainable growth. Notably, 2024 data for Fortinet remains elusive, leaving room for speculation on its future trajectory. As these industry titans navigate the complexities of operational costs, their strategies offer valuable insights into the broader tech sector's financial dynamics.