### @CRWV — Confirmed — from the earnings call guidance
Look, one at a time: full‑year 2026 capex is guided to $31‑35 billion versus revenue guidance of just $12‑13 billion, so capex is roughly 2.6‑2.9 × revenue – among the most extreme ratios we see. Q1 ’26 capex was $6.8 billion, described as on schedule, and the CFO put it plainly: capex shows up before revenue and cash flow. Management nudged the low‑end up, citing higher component pricing, and the bet is the backlog will convert fast enough to service the debt, with spend staying in CIP until capacity is online, right?
- tier: Confirmed (✓)
- source: CRWV / CapEx shows up before revenue
- receipt: https://ticker.thevixguy.com/p/p-day-20260813-crwv-src-crwv-capex-gap-conversation
- posted: 2026-08-13T16:51:10.149Z