Capital Expenditures for Dell Technologies (DELL)
According to Dell Technologies's latest reported financial statements, the company's current capital expenditures (TTM) is $2.63B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$2.63B
YoY change
-0.7%
5Y CAGR
+4.8%
Peak year (2023)
$3.00B
Cumulative capital expenditures
$34.25B
CapEx history chart for Dell Technologies (DELL) from 2014 to 2026
CapEx history table for Dell Technologies (DELL) from 2014 to 2026
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2026 | $2.63B | -0.7% | ||
| 2025 | $2.65B | -3.8% | ||
| 2024 | $2.76B | -8.2% | ||
| 2024 | $2.76B | -8.2% | ||
| 2023 | $3.00B | +7.4% | ||
| 2023 | $3.00B | +7.4% | ||
| 2022 | $2.80B | +34.3% | ||
| 2022 | $2.80B | +34.3% | ||
| 2021 | $2.08B | -19.5% | ||
| 2021 | $2.08B | -19.5% | ||
| 2020 | $2.59B | +72.8% | ||
| 2019 | $1.50B | +23.5% | ||
| 2018 | $1.21B | +33.8% | ||
| 2017 | $906.00M | +88.0% | ||
| 2016 | $482.00M | +0.8% | ||
| 2015 | $478.00M | -10.2% | ||
| 2014 | $532.00M | — |
CapEx values are taken from Dell Technologies's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2026 reading of Dell Technologies (DELL) capital expenditures is $2.63B – edged down 0.7% year-over-year.
Through 2023–2026 (5 years), Dell Technologies capital expenditures delivered a +4.8% annualised rate; with the latest reading among the more recent periods of the dataset.
Dell Technologies capital expenditures declined from $3.00B in 2023 to $2.63B in 2026, a 12.3% drawdown.
2023 marks the peak capital expenditures at $3.00B, with the historical low of $478.00M recorded in 2015.
Dell Technologies (DELL) sits 6th of 8 Technology peers we track on this metric, against a peer median of $9.38B.
Dell Technologies Capital Expenditures by Year
Dell Technologies Capital Expenditures 2026: $2.63B
Dell Technologies capital expenditures in 2026 was $2.63B, edged down 0.7% below 2025.
Dell Technologies Capital Expenditures 2025: $2.65B
Dell Technologies capital expenditures in 2025 was $2.65B, edged down 3.8% below 2024.
Dell Technologies Capital Expenditures 2024: $2.76B
Dell Technologies capital expenditures in 2024 was $2.76B, edged up 0.0% from 2024.
Dell Technologies Capital Expenditures 2024: $2.76B
Dell Technologies capital expenditures in 2024 was $2.76B, declined 8.2% below 2023.
Dell Technologies Capital Expenditures 2023: $3.00B
Dell Technologies capital expenditures in 2023 was $3.00B.
See more financial history for Dell Technologies (DELL).
Sector peers — CapEx
Companies in the same sector as Dell Technologies, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.29T | Technology |
| Microsoft Corporation (MSFT) | $64.55B | Technology |
| Micron Technology, Inc. (MU) | $15.86B | Technology |
| Apple Inc. (AAPL) | $12.71B | Technology |
| NVIDIA Corporation (NVDA) | $6.04B | Technology |
| ASML Holding N.V. (ASML) | $1.51B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $974.00M | Technology |
| Broadcom Inc. (AVGO) | $623.00M | Technology |
Frequently asked questions
What is Dell Technologies's capital expenditures?
- Latest reported capital expenditures for Dell Technologies (DELL) is $2.63B (period ending January 30, 2026).
How has Dell Technologies capital expenditures changed year-over-year?
- Dell Technologies (DELL) capital expenditures changed -0.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Dell Technologies capital expenditures?
- Dell Technologies (DELL) capital expenditures compound annual growth rate is +4.8% over the most recent 5 years available.
When did Dell Technologies capital expenditures hit its highest annual value?
- Dell Technologies capital expenditures reached its highest annual value of $3.00B in 2023.
What was Dell Technologies capital expenditures in 2025?
- Dell Technologies (DELL) capital expenditures in 2025 was $2.65B.
What was Dell Technologies capital expenditures in 2026?
- Dell Technologies (DELL) capital expenditures in 2026 was $2.63B.
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