diff --git a/exporter/otlp/CHANGELOG.md b/exporter/otlp/CHANGELOG.md
index 69d6912e8..7cae65894 100644
--- a/exporter/otlp/CHANGELOG.md
+++ b/exporter/otlp/CHANGELOG.md
@@ -1,5 +1,9 @@
 # Release History: opentelemetry-exporter-otlp
 
+### v0.26.3 / 2024-02-01
+
+* FIXED: do not log request failure in backoff?
+
 ### v0.26.2 / 2024-01-23
 
 * FIXED: Align endpoint environment variable handling with spec
diff --git a/exporter/otlp/lib/opentelemetry/exporter/otlp/version.rb b/exporter/otlp/lib/opentelemetry/exporter/otlp/version.rb
index 6a354ef15..35e8a783b 100644
--- a/exporter/otlp/lib/opentelemetry/exporter/otlp/version.rb
+++ b/exporter/otlp/lib/opentelemetry/exporter/otlp/version.rb
@@ -8,7 +8,7 @@ module OpenTelemetry
   module Exporter
     module OTLP
       ## Current OpenTelemetry OTLP exporter version
-      VERSION = '0.26.2'
+      VERSION = '0.26.3'
     end
   end
 end