Who Optimizes SG&A Costs Better? ServiceNow, Inc. or Micron Technology, Inc.

Optimizing SG&A Costs: A Tale of Two Tech Giants

In the ever-evolving tech landscape, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. ServiceNow, Inc. and Micron Technology, Inc. have taken distinct paths in optimizing these costs over the past decade. From 2014 to 2024, ServiceNow's SG&A expenses surged by over 990%, reflecting its aggressive growth strategy. In contrast, Micron Technology's expenses increased by approximately 60%, showcasing a more conservative approach.

ServiceNow's rapid expansion is evident, with its SG&A costs peaking at nearly $4.79 billion in 2024, a stark contrast to Micron's $1.13 billion. This disparity highlights ServiceNow's focus on scaling operations, while Micron maintains a steady course. As investors and analysts scrutinize these trends, the question remains: which strategy will yield better long-term returns? The answer may lie in the balance between growth and cost efficiency.