MSCI CapEx decreased by 77.5% to $2.80M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 75.9%, from $11.60M to $2.80M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 30.6% 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 | $1.81M | $4.65M | $6.39M | $1.25M | $3.48M | $3.28M | $5.61M | $6.23M | $9.15M | $3.56M | $3.82M | $4.27M | $8.62M | $6.63M | $14.25M | $11.60M | $11.35M | $3.93M | $12.44M | $2.80M |
| QoQ Change | — | +156.8% | +37.5% | -80.4% | +177.8% | -6.0% | +71.1% | +11.1% | +47.0% | -61.1% | +7.0% | +12.0% | +101.8% | -23.1% | +115.0% | -18.6% | -2.2% | -65.4% | +216.4% | -77.5% |
| YoY Change | — | — | — | — | +92.5% | -29.5% | -12.3% | +396.4% | +162.8% | +8.8% | -31.9% | -31.4% | -5.8% | +85.9% | +273.4% | +171.6% | +31.7% | -40.7% | -12.7% | -75.9% |