CoreWeave just locked in a contract for Nvidia A100 GPUs that runs through 2029. For chips that first launched in 2020, that’s an unusually long shelf life, and CEO Michael Intrator wants you to know these machines are being booked at “full freight.”
The deal was disclosed during CoreWeave’s Q2 2026 earnings call on August 11, where the company also reported revenue of $2.575 billion, a 112% increase year-over-year. CFO Nitin Agrawal described the A100 contract as secured at an attractive price point, which is a polite way of saying the company expects to make very good money renting out hardware that most people assumed would be obsolete by now.
Old GPUs, new tricks
In July 2026, CoreWeave implemented a 25% price increase for older-generation GPUs. Average selling prices for these earlier models are holding steady or actually rising compared to the prior year. That’s the kind of pricing power most companies dream about for their newest products, let alone their legacy hardware.
The numbers behind the momentum
