Investing
CapEx
Nvidia CapEx decreased by 21.5% to $1.28B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 19.2%, from $1.08B to $1.28B. Over 3 years (FY 2022 to FY 2026), CapEx shows an upward trend with a 83.6% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
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:
capital_expendituresHistorical Data
18 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $298.00M | $183.00M | $222.00M | $273.00M | $458.25M | $458.25M | $458.25M | $458.25M | $248.00M | $289.00M | $369.00M | $977.00M | $813.00M | $1.08B | $1.23B | $1.90B | $1.64B | $1.28B |
| QoQ Change | — | -38.6% | +21.3% | +23.0% | +67.9% | +0.0% | +0.0% | +0.0% | -45.9% | +16.5% | +27.7% | +164.8% | -16.8% | +32.5% | +13.9% | +54.4% | -13.7% | -21.5% |
| YoY Change | — | — | — | — | +53.8% | +150.4% | +106.4% | +67.9% | -45.9% | -36.9% | +48.8% | +238.1% | — | — | +232.5% | +94.0% | +101.2% | +19.2% |
Range$183.00M – $1.90B
CAGR+41.0%
Avg YoY Growth+85.8%
Median YoY Growth+80.9%
Current Streak2 quarters decline
CapEx at Other Companies
Frequently Asked Questions
- What is Nvidia's capex?
- Nvidia (NVDA) reported capex of $1.28B in Q4 2025.
- How has Nvidia's capex changed year-over-year?
- Nvidia's capex increased by 19.2% year-over-year, from $1.08B to $1.28B.
- What is the long-term trend for Nvidia's capex?
- Over 3 years (2022 to 2026), Nvidia's capex has grown at a 83.6% compound annual growth rate (CAGR), from $976.00M to $6.04B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.