OpenAI Revenue Growth Trails Anthropic as Losses Hit $12.3 Billion
TLDR
- OpenAI revenue grew 18% to $6.7 billion in Q2, disappointing some investors
- Anthropic more than doubled revenue to $11.6 billion, surpassing OpenAI for the first time
- OpenAI operating losses widened from $9.3 billion to $12.3 billion quarter-on-quarter
- Anthropic swung to a small operating profit in the same period
- OpenAI says growth has picked up in Q3 following new model launches in July
OpenAI told investors its revenue reached $6.7 billion in the second quarter, up 18% from $5.7 billion in the first quarter. Some investors were disappointed, having expected faster growth.
OPENAI GENERATED $6.7B IN Q2 REVENUE, UP 18% QoQ pic.twitter.com/KjGZ5YLu7c
- Wall St Engine (@wallstengine) August 18, 2026
Anthropic, meanwhile, more than doubled its revenue to $11.6 billion over the same period. That marks the first time Anthropic’s sales have surpassed OpenAI’s.
The gap comes down to one product. Anthropic’s Claude Code tool has gained strong traction with developers, while ChatGPT growth has slowed.
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