Operational Costs Compared: SG&A Analysis of Cisco Systems, Inc. and STMicroelectronics N.V.

A Comparative Analysis of SG&A Expenses: Cisco vs. STMicroelectronics

In the ever-evolving tech industry, operational efficiency is key to maintaining a competitive edge. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two tech giants: Cisco Systems, Inc. and STMicroelectronics N.V., from 2014 to 2023. Over this period, Cisco consistently outspent STMicroelectronics, with its SG&A expenses peaking at approximately $13.2 billion in 2024, marking a 15% increase from 2014. In contrast, STMicroelectronics saw a steady rise, culminating in a 75% increase to $1.65 billion by 2023. This disparity highlights Cisco's expansive operational scale compared to STMicroelectronics. However, the upward trend in STMicroelectronics' expenses suggests strategic investments in growth. Notably, data for 2024 is incomplete for STMicroelectronics, indicating potential future insights. This analysis underscores the importance of SG&A management in sustaining growth and competitiveness in the tech sector.