Who Optimizes SG&A Costs Better? ASML Holding N.V. or Analog Devices, Inc.

Optimizing SG&A Costs: A Tale of Two Giants

In the competitive landscape of semiconductor and technology industries, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. ASML Holding N.V. and Analog Devices, Inc. have been at the forefront of this challenge since 2014. Over the past decade, Analog Devices has consistently reported higher SG&A expenses, peaking at approximately $1.27 billion in 2023, a 180% increase from 2014. In contrast, ASML's SG&A expenses grew by 250% over the same period, reaching around $1.11 billion in 2023. This trend highlights ASML's aggressive expansion strategy, while Analog Devices maintains a steady growth trajectory. Notably, 2024 data for ASML is missing, leaving room for speculation on their future cost management strategies. As these industry leaders continue to innovate, their ability to optimize SG&A costs will be pivotal in sustaining their competitive edge.