Selling, General, and Administrative Costs: Lam Research Corporation vs Garmin Ltd.

A Comparative Analysis of SG&A Expenses: Lam Research vs. Garmin

In the ever-evolving landscape of technology and innovation, understanding the financial strategies of industry leaders is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of Lam Research Corporation and Garmin Ltd. from 2014 to 2023. Over this decade, Garmin's SG&A expenses surged by approximately 94%, reflecting its strategic investments in marketing and administration. In contrast, Lam Research's expenses grew by about 36%, indicating a more conservative approach.

Notably, Garmin's expenses consistently increased, peaking in 2023, while Lam Research experienced fluctuations, with a notable dip in 2020. This divergence highlights differing corporate strategies: Garmin's aggressive expansion versus Lam's focus on operational efficiency. As we look to 2024, Lam's data remains incomplete, leaving room for speculation on its future financial maneuvers. This analysis offers a window into the financial priorities shaping these tech giants' paths forward.