Who Optimizes SG&A Costs Better? Cisco Systems, Inc. or Lam Research Corporation

Optimizing SG&A Costs: A Tale of Two Giants

In the competitive landscape of technology, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. Cisco Systems, Inc. and Lam Research Corporation, two titans in their respective fields, have shown distinct strategies over the past decade. From 2014 to 2024, Cisco's SG&A expenses have seen a modest increase of about 15%, peaking in 2024. In contrast, Lam Research has maintained a more stable trajectory, with expenses rising by approximately 42% over the same period. This suggests that while Cisco is expanding its operational footprint, Lam Research is optimizing its cost structure more effectively. The data highlights the importance of strategic cost management in sustaining growth and competitiveness in the tech industry. As these companies continue to evolve, their ability to control SG&A costs will remain a key indicator of their financial health and operational efficiency.