SG&A Efficiency Analysis: Comparing ASML Holding N.V. and Texas Instruments Incorporated

SG&A Efficiency: A Tale of Two Giants

In the competitive landscape of semiconductor manufacturing, understanding operational efficiency is crucial. This analysis compares the Selling, General, and Administrative (SG&A) expenses of ASML Holding N.V. and Texas Instruments Incorporated from 2014 to 2023. Over this period, ASML's SG&A expenses surged by approximately 250%, reflecting its aggressive expansion and innovation strategies. In contrast, Texas Instruments maintained a relatively stable SG&A expenditure, with a modest decrease of about 1% over the same period, showcasing its focus on operational efficiency.

ASML's expenses peaked in 2023, reaching over 1.1 billion, while Texas Instruments' expenses remained consistent, peaking at 1.8 billion in 2014. The data for 2024 is incomplete, highlighting the need for continuous monitoring. This comparison underscores the different strategic approaches of these industry leaders, with ASML investing heavily in growth and Texas Instruments optimizing its existing operations.