What is Corvex 's connected devices and services — pp&e (net)?

Corvex (MOVE) reported connected devices and services — pp&e (net) of $75.00K in Q1 2026.

What does connected devices and services — pp&e (net) mean?

The net value of physical infrastructure and hardware assets dedicated to the Connected Devices and Services business unit.

Products & Services · PP&E (Net)

Connected Devices And Services — PP&E (Net)

Corvex Connected Devices And Services — PP&E (Net) decreased by 25.7% to $75.00K in Q1 2026 compared to the prior quarter.

Analysis

StatementSegment

CategoryCapital Allocation

SignalContext dependent

VolatilityModerate

First reportedQ4 2025

Last reportedQ1 2026

Rolls up toPP&E (Net)

How to read this metric

An increase suggests ongoing investment in hardware capacity to support growth, while a decrease may indicate asset aging, divestment, or a shift toward asset-light operational models.

Detailed definition

This metric represents the net book value of tangible assets, such as GPU clusters and server infrastructure, specifical...

Peer comparison

Comparable to net property, plant, and equipment (PP&E) figures reported by other cloud infrastructure providers or data center operators.

Metric ID: move_segment_connected_devices_and_services_property_plant_and_equipment_net

Historical Data

2 periods

	Q4 '25	Q1 '26
Value	$101.00K	$75.00K
QoQ Change	—	-25.7%

Range$75.00K – $101.00K

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Frequently Asked Questions

What is Corvex 's connected devices and services — pp&e (net)?: Corvex (MOVE) reported connected devices and services — pp&e (net) of $75.00K in Q1 2026.
What does connected devices and services — pp&e (net) mean?: The net value of physical infrastructure and hardware assets dedicated to the Connected Devices and Services business unit.