Investing
CapEx
Micron Technology CapEx decreased by 4.8% to $5.39B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 68.1%, from $3.21B to $5.39B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 12.1% 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
19 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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% |
| 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% |
Range$1.38B – $5.66B
CAGR+21.3%
Avg YoY Growth+33.3%
Median YoY Growth+33.6%
CapEx at Other Companies
Frequently Asked Questions
- What is Micron Technology's capex?
- Micron Technology (MU) reported capex of $5.39B in Q4 2025.
- How has Micron Technology's capex changed year-over-year?
- Micron Technology's capex increased by 68.1% year-over-year, from $3.21B to $5.39B.
- 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?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.