Investing
CapEx
Micron Technology CapEx increased by 18.5% to $6.39B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 57.5%, from $4.06B to $6.39B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 12.1% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2014
Last reportedQ2 2026Mar 19, 2026
How to read this metric
An increase often signals growth initiatives and capacity expansion, while a decrease may suggest cost-cutting or a shift toward asset-light strategies.
Detailed definition
This metric measures the cash outflows used to acquire, upgrade, and maintain physical assets such as property, building...
Peer comparison
Commonly compared as a percentage of revenue; capital-intensive firms like Abbott require consistent investment to remain competitive in medical technology.
Metric ID:
capital_expendituresHistorical Data
20 periods
| 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 | Q2 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.26B | $2.02B | $3.27B | $2.61B | $2.58B | $3.61B | $2.45B | $2.21B | $1.56B | $1.46B | $1.80B | $1.38B | $2.09B | $3.12B | $3.21B | $4.06B | $2.94B | $5.66B | $5.39B | $6.39B |
| QoQ Change | — | -10.8% | +62.0% | -20.0% | -1.3% | +40.1% | -32.2% | -10.0% | -29.2% | -6.4% | +22.9% | -22.9% | +50.7% | +49.6% | +2.8% | +26.5% | -27.5% | +92.6% | -4.8% | +18.5% |
| YoY Change | — | — | — | — | +14.1% | +79.3% | -25.0% | -15.5% | -39.4% | -59.6% | -26.7% | -37.2% | +33.6% | +113.6% | +78.5% | +193.0% | +40.8% | +81.3% | +68.1% | +57.5% |
Range$1.38B – $6.39B
CAGR+24.5%
Avg YoY Growth+34.8%
Median YoY Growth+37.2%
CapEx at Other Companies
Frequently Asked Questions
- What is Micron Technology's capex?
- Micron Technology (MU) reported capex of $6.39B in Q1 2026.
- How has Micron Technology's capex changed year-over-year?
- Micron Technology's capex increased by 57.5% year-over-year, from $4.06B to $6.39B.
- What is the long-term trend for Micron Technology's capex?
- Over 4 years (2021 to 2025), Micron Technology's capex has grown at a 12.1% compound annual growth rate (CAGR), from $10.03B to $15.86B.
- What does capex mean?
- Cash spent on purchasing or maintaining physical assets like machinery and facilities.