Anthropic's Revenue Reportedly Surged Past $11.5 Billion in the Second Quarter

Preliminary figures reviewed by Bloomberg show the Claude maker's quarterly revenue jumped more than 14-fold year over year, as the company meets with banks ahead of a possible fall IPO.

By THRYV Tech Desk·Published August 18, 2026·Updated August 18, 2026·3 min read

Anthropic's Revenue Reportedly Surged Past $11.5 Billion in the Second Quarter

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The takeaway

Anthropic's second-quarter revenue reportedly topped $11.5 billion, up from $787 million a year earlier and nearly 2.4 times its first-quarter total, according to preliminary investor documents reviewed by Bloomberg. The figures show positive adjusted operating income for the first time, as the Claude maker meets with banks ahead of a possible fall IPO.

Anthropic's revenue reportedly surged past $11.5 billion in the second quarter of 2026, according to preliminary investor documents reviewed by Bloomberg News, as the AI company behind the Claude chatbot prepares for a possible initial public offering this fall.

The numbers

Q2 2025 revenue: $787 million
Q1 2026 revenue: $4.73 billion
Q2 2026 revenue: more than $11.5 billion, roughly 2.4 times the Q1 figure
Annualized run rate as of May 2026: about $47 billion

The figures represent revenue growth of at least 14-fold year over year. Bloomberg's report also says the company posted positive adjusted operating income for the quarter, which would mark its first period of profitability on that measure. Anthropic's annualized run rate now reportedly exceeds the more than $40 billion figure attributed to OpenAI, though the outlets note the two companies may calculate the metric differently.

Still unconfirmed

These figures come from investor documents reviewed by Bloomberg and are described as preliminary and subject to revision. An Anthropic spokesperson declined to comment when asked about the numbers, and the company has not published audited results.

IPO on the horizon

Anthropic is meeting with investors and has filed confidentially for a stock market listing, working with banks including Morgan Stanley, Goldman Sachs and JPMorgan Chase, according to the report. An autumn debut would put Anthropic on public markets before rivals OpenAI and DeepSeek, both of which have also discussed eventual IPOs.

Why it matters

Anthropic's rapid revenue growth, driven largely by enterprise and coding-assistant demand for its Claude models, has become a closely watched data point for investors trying to gauge whether the broader AI industry's massive infrastructure spending is being matched by real revenue. A confirmed profitable quarter, even on an adjusted basis, would be a notable milestone for a company that has previously reported large annual losses.

Sources

This article is original writing by THRYV. We link to primary reporting and official documents rather than reproducing them.

Anthropic revenue surges to over $11.5 billion in second quarter — Fortune

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