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Anthropic’s annualized revenue surges to $65B
Anthropic's annualized revenue has surged to $65 billion by July 2026, accelerating from $9 billion the previous year. Investors project a finish between $100B and $120B for 2026. Rival OpenAI doubled its revenue to $40B but trails Anthropic in investor enthusiasm. Both firms filed confidential IPO paperwork, with Anthropic expected to go public first this fall at a potential valuation of $2 trillion or more.
THE NEWS
What happened
Anthropic's revenue is exploding. By July 2026, their annualized run rate hit $65 billion, up from just $9 billion last year. Investors are bullish, projecting $100-120B for the full year. They plan to go public this fall with a potential $2 trillion valuation, which would be the biggest IPO in history.
AT A GLANCE
Key facts
The main verified details from the original report are summarized below.
- Anthropic's annualized revenue run rate surpassed $65 billion at the end of July 2026.
- Revenue grew from $9 billion at the end of 2025 to $47 billion in May 2026.
- Investors expect Anthropic to finish 2026 with revenue between $100 billion and $120 billion.
- OpenAI doubled its revenue to $40 billion, but investors favor Anthropic's growth rate more.
- Both companies have filed confidential IPO paperwork.
- Anthropic is expected to hit public markets ahead of OpenAI, possibly as soon as fall 2026.
- Anthropic seeks a public valuation of $2 trillion or more, which would be the largest market debut on record.
- Anthropic was last valued at $965 billion in late May 2026 after raising a $65 billion round.
SOURCE
Original source
This draft is based on reporting published by TechCrunch AI. Review the linked source before publication.
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