Target CapEx decreased by 8.9% to $978.00M in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 49.3%, from $655.00M to $978.00M. Over 3 years (FY 2022 to FY 2025), CapEx shows a downward trend with a -6.6% 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.
cf_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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $798.00M | $1.15B | $1.06B | $952.00M | $1.57B | $1.80B | $1.21B | $1.61B | $1.22B | $1.13B | $854.00M | $674.00M | $639.00M | $655.00M | $923.00M | $790.00M | $1.07B | $978.00M |
| QoQ Change | — | +43.5% | -7.3% | -10.3% | +65.0% | +14.6% | -33.1% | +33.2% | -24.0% | -7.6% | -24.2% | -21.1% | -5.2% | +2.5% | +40.9% | -14.4% | +35.9% | -8.9% |
| YoY Change | — | — | — | — | +96.9% | +57.2% | +13.6% | +68.6% | -22.3% | -37.4% | -29.1% | -58.0% | -47.6% | -41.9% | +8.1% | +17.2% | +68.1% | +49.3% |