Anthropic Revenue Run Rate Surpasses $47 Billion, Topping OpenAI

TLDR

• Anthropic posted Q2 2026 revenue of over $11.5 billion, up 14-fold from the same period last year
• The company reached its first quarterly operating profit of $559 million
• Anthropic’s annualized revenue run rate crossed $47 billion in May, ahead of OpenAI’s $40 billion
• The company is projecting $190 to $200 billion in revenue by 2028
• Morgan Stanley, Goldman Sachs, and JPMorgan are working on what could be one of the biggest IPOs on record

Anthropic posted preliminary second-quarter revenue of more than $11.5 billion, a roughly 14-fold jump from the $787 million it reported in the same quarter a year ago. The figure also more than doubles the $4.73 billion the company recorded in Q1 2026.

🚨HUGE: Anthropic investors expect the Claude maker to seek a valuation of at least $2 trillion in an IPO as early as October, per FT.

The bullish case is driven by annualized revenue projected to reach $100 billion to $120 billion by year-end, though Anthropic has not set an… pic.twitter.com/KNLkkw811X

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