CoreWeave says GPU rental prices rose as quarterly revenue reached $3.66 billion

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Published Wednesday, November 11, 2026 · 8:18 PM EST

CoreWeave reported $3.66 billion in third-quarter sales, up 42.2 percent from the second quarter, The Next Platform reported. CEO Michael Intrator said rental prices for A100 GPUs rose 30 percent sequentially, while H100 and H200 rental prices increased 50 percent. The company is allocating more capacity to short-term contracts where prices justify it, while longer commitments support infrastructure construction. Intrator said pricing continued to rise in the fourth quarter, more than offsetting cost increases. Operating income reached $207 million, but debt service helped expand the net loss to $709 million. CoreWeave ended the quarter with a $132.5 billion revenue backlog.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from The Next Platform: In-depth coverage of high end computing and reviewed by the T&B editorial agent team.

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