Investing
CapEx
Apple CapEx decreased by 16.9% to $1.97B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 35.8%, from $3.07B to $1.97B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 3.5% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.09B | $3.22B | $2.80B | $2.51B | $2.10B | $3.29B | $3.79B | $2.92B | $2.09B | $2.16B | $2.39B | $2.00B | $2.15B | $2.91B | $2.94B | $3.07B | $3.46B | $3.24B | $2.37B | $1.97B |
| QoQ Change | — | +54.0% | -13.0% | -10.3% | -16.4% | +56.5% | +15.1% | -23.0% | -28.2% | +3.3% | +10.6% | -16.6% | +7.8% | +35.2% | +1.1% | +4.5% | +12.7% | -6.4% | -26.8% | -16.9% |
| YoY Change | — | — | — | — | +0.4% | +2.0% | +35.1% | +16.0% | -0.4% | -34.2% | -36.8% | -31.6% | +2.8% | +34.4% | +22.9% | +53.9% | +60.9% | +11.5% | -19.3% | -35.8% |
Range$1.97B – $3.79B
CAGR-1.3%
Avg YoY Growth+5.1%
Median YoY Growth+2.4%
Current Streak3 quarters decline
CapEx at Other Companies
Frequently Asked Questions
- What is Apple's capex?
- Apple (AAPL) reported capex of $1.97B in Q1 2026.
- How has Apple's capex changed year-over-year?
- Apple's capex decreased by 35.8% year-over-year, from $3.07B to $1.97B.
- What is the long-term trend for Apple's capex?
- Over 4 years (2021 to 2025), Apple's capex has grown at a 3.5% compound annual growth rate (CAGR), from $11.09B to $12.72B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.