QUALCOMM Incorporated or Monolithic Power Systems, Inc.: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: QUALCOMM or Monolithic Power Systems?

In the competitive landscape of technology giants, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, from 2014 to 2023, QUALCOMM Incorporated and Monolithic Power Systems, Inc. have shown distinct approaches to handling these costs. QUALCOMM, a leader in wireless technology, consistently reported higher SG&A expenses, peaking at approximately $2.99 billion in 2018. In contrast, Monolithic Power Systems, a key player in power solutions, demonstrated a more conservative approach, with expenses growing from $67 million in 2014 to $276 million in 2023. Despite the disparity in absolute numbers, Monolithic Power Systems' expenses grew by over 300%, reflecting its rapid expansion. Meanwhile, QUALCOMM's expenses remained relatively stable, indicating a mature market position. This analysis highlights the strategic differences in cost management between an established giant and a growing innovator.