SG&A Efficiency Analysis: Comparing Lam Research Corporation and ANSYS, Inc.

SG&A Efficiency: A Tale of Two Innovators

In the competitive landscape of technology, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Over the past decade, Lam Research Corporation and ANSYS, Inc. have demonstrated distinct strategies in this arena. From 2014 to 2023, Lam Research consistently outpaced ANSYS in SG&A spending, peaking in 2022 with an 8% increase from the previous year. Meanwhile, ANSYS showed a remarkable 247% growth in SG&A expenses over the same period, reflecting its aggressive expansion strategy.

Interestingly, 2023 marked a shift, with Lam Research's expenses slightly declining by 6% from 2022, while ANSYS continued its upward trajectory. This divergence highlights differing approaches to scaling operations and market adaptation. As we look to 2024, Lam Research's data remains incomplete, leaving room for speculation on its strategic adjustments. These insights offer a window into the financial stewardship of two industry leaders.