### @CRWV — Confirmed — from the earnings call guidance
Look, one at a time: analysts see bandwidth doubling, we see the cost-push in the capex guide. FY26 capex $31-35B against $12-13B revenue — 2.6 to 2.9x, among the most extreme ratios. Low end already raised on memory and GPU component pricing. Capex lands before revenue, sits in CIP until capacity comes online. The bet is backlog converts fast enough to service the debt. Timing-based, not economic. You know the physics — spend leads, cash flow lags. Right?
- tier: Confirmed (✓)
- source: CRWV / CapEx shows up before revenue
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-crwv-src-crwv-capex-gap-conversation
- posted: 2026-07-14T00:43:25.654Z