A Decade of SG&A: Cisco vs. Intel

In the ever-evolving tech industry, operational efficiency is key. Over the past decade, Cisco Systems, Inc. and Intel Corporation have showcased contrasting trends in their Selling, General, and Administrative (SG&A) expenses. Cisco's SG&A expenses have seen a steady increase, peaking at approximately $13.2 billion in 2024, marking a 15% rise from 2014. In contrast, Intel's SG&A expenses have fluctuated, with a notable decline to $5.6 billion in 2023, a 31% drop from its 2014 figures.

Key Insights

• Cisco's Growth: Cisco's consistent increase in SG&A expenses reflects its strategic investments in sales and marketing, crucial for maintaining its competitive edge.
• Intel's Efficiency: Intel's reduction in SG&A expenses suggests a focus on cost optimization, possibly reallocating resources towards innovation and R&D.

These trends highlight the distinct strategic approaches of these tech giants in navigating the dynamic market landscape.