Las Vegas Sands CapEx decreased by 29.2% to $194.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 48.8%, from $379.00M to $194.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 9.0% CAGR.
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
capital_expenditures| 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 | $157.00M | $192.00M | $188.00M | $137.00M | $198.00M | $169.00M | $147.00M | $166.00M | $196.00M | $330.00M | $325.00M | $196.00M | $285.00M | $539.00M | $547.00M | $379.00M | $286.00M | $229.00M | $274.00M | $194.00M |
| QoQ Change | — | +22.3% | -2.1% | -27.1% | +44.5% | -14.6% | -13.0% | +12.9% | +18.1% | +68.4% | -1.5% | -39.7% | +45.4% | +89.1% | +1.5% | -30.7% | -24.5% | -19.9% | +19.7% | -29.2% |
| YoY Change | — | — | — | — | +26.1% | -12.0% | -21.8% | +21.2% | -1.0% | +95.3% | +121.1% | +18.1% | +45.4% | +63.3% | +68.3% | +93.4% | +0.4% | -57.5% | -49.9% | -48.8% |
| Segment | Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|
| US | $1.00M | $24.00M | $3.00M | $34.00M | $13.00M | $13.00M | $10.00M | $145.00M |
| SG | $27.00M | $52.00M | $50.00M | $97.00M | $108.00M | $115.00M | $144.00M | $141.00M |
| MO | $129.00M | $116.00M | $84.00M | $67.00M | $48.00M | $38.00M | $42.00M | $44.00M |
| Total | $157.00M | $192.00M | $137.00M | $198.00M | $169.00M | $166.00M | $196.00M | $330.00M |
MO, SG, US were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.