Investing
CapEx
Dell Technologies CapEx increased by 7.8% to $721.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.9%, from $735.00M to $721.00M. Over 4 years (FY 2022 to FY 2026), CapEx shows relatively stable performance with a 0.9% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
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:
cf_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 | $625.00M | $632.00M | $799.00M | $740.00M | $690.00M | $807.00M | $747.00M | $759.00M | $701.00M | $624.00M | $704.00M | $727.00M | $596.00M | $682.00M | $639.00M | $735.00M | $568.00M | $675.00M | $669.00M | $721.00M |
| QoQ Change | — | +1.1% | +26.4% | -7.4% | -6.8% | +17.0% | -7.4% | +1.6% | -7.6% | -11.0% | +12.8% | +3.3% | -18.0% | +14.4% | -6.3% | +15.0% | -22.7% | +18.8% | -0.9% | +7.8% |
| YoY Change | — | — | — | — | +10.4% | +27.7% | -6.5% | +2.6% | +1.6% | -22.7% | -5.8% | -4.2% | -15.0% | +9.3% | -9.2% | +1.1% | -4.7% | -1.0% | +4.7% | -1.9% |
Range$568.00M – $807.00M
CAGR+3.1%
Avg YoY Growth-0.9%
Median YoY Growth-1.5%
CapEx at Other Companies
Frequently Asked Questions
- What is Dell Technologies's capex?
- Dell Technologies (DELL) reported capex of $721.00M in Q1 2026.
- How has Dell Technologies's capex changed year-over-year?
- Dell Technologies's capex decreased by 1.9% year-over-year, from $735.00M to $721.00M.
- What is the long-term trend for Dell Technologies's capex?
- Over 4 years (2022 to 2026), Dell Technologies's capex has grown at a 0.9% compound annual growth rate (CAGR), from $2.55B to $2.65B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.