Selling, General, and Administrative Costs: Cisco Systems, Inc. vs ON Semiconductor Corporation

A Tale of Two Giants: Cisco vs. ON Semiconductor

In the ever-evolving tech landscape, understanding operational costs is crucial. Cisco Systems, Inc. and ON Semiconductor Corporation, two titans in their respective fields, offer a fascinating study in contrast when it comes to Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, Cisco's SG&A expenses have shown a steady increase, peaking at approximately $13.2 billion in 2023, a 15% rise from 2014. In contrast, ON Semiconductor's expenses have grown more modestly, reaching around $641 million in 2023, marking a 68% increase over the same period. This disparity highlights Cisco's expansive operational scale compared to ON Semiconductor's more focused approach. Notably, data for 2024 is incomplete, reflecting the dynamic nature of financial reporting. As these companies navigate the future, their SG&A strategies will be pivotal in maintaining competitive edges in their respective markets.