Other
CapEx
Dell Technologies CapEx decreased by 23.2% to $568.00M in Q1 2025 compared to the prior quarter. Year-over-year, this metric declined by 4.7%, from $596.00M to $568.00M. Over 3 years (FY 2022 to FY 2025), CapEx shows relatively stable performance with a -1.7% CAGR.
Analysis
StatementIncome Statement
SectionOther
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ3 2015
Last reportedQ1 2026Jun 10, 2025
How to read this metric
High levels indicate aggressive growth or maintenance investment, while low levels may signal capital efficiency or underinvestment in infrastructure.
Detailed definition
Capital expenditures represent the cash outflows used to acquire, upgrade, or maintain physical assets such as property,...
Peer comparison
Commonly reported as 'Capital Expenditures' or 'Purchases of Property, Plant, and Equipment' in the investing section of the cash flow statement.
Metric ID:
anet_capital_expendituresHistorical Data
17 periods
| 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 | $625.00M | $872.00M | $747.00M | $552.00M | $690.00M | $635.00M | $704.00M | $974.00M | $701.00M | $577.00M | $639.00M | $839.00M | $596.00M | $647.00M | $669.00M | $740.00M | $568.00M |
| QoQ Change | — | +39.5% | -14.3% | -26.1% | +25.0% | -8.0% | +10.9% | +38.4% | -28.0% | -17.7% | +10.7% | +31.3% | -29.0% | +8.6% | +3.4% | +10.6% | -23.2% |
| YoY Change | — | — | — | — | +10.4% | -27.2% | -5.8% | +76.4% | +1.6% | -9.1% | -9.2% | -13.9% | -15.0% | +12.1% | +4.7% | -11.8% | -4.7% |
Range$552.00M – $974.00M
CAGR-2.4%
Avg YoY Growth+0.7%
Median YoY Growth-5.8%
CapEx at Other Companies
Frequently Asked Questions
- What is Dell Technologies's capex?
- Dell Technologies (DELL) reported capex of $568.00M in Q1 2025.
- How has Dell Technologies's capex changed year-over-year?
- Dell Technologies's capex decreased by 4.7% year-over-year, from $596.00M to $568.00M.
- What is the long-term trend for Dell Technologies's capex?
- Over 3 years (2022 to 2025), Dell Technologies's capex has grown at a -1.7% compound annual growth rate (CAGR), from $2.80B to $2.65B.
- What does capex mean?
- Cash spent on purchasing or maintaining long-term physical assets.