18 August 2026

Anthropic hits $65 billion annualized revenue, plans 2026 IPO

• Anthropic's revenue run rate reached $65 billion by end of July 2026, up sevenfold from the prior year.
• Company projects $190-200 billion in annual revenue by 2028 and may seek $2 trillion valuation in IPO.
• Second quarter revenue hit $11.5 billion, a 14-fold increase year-over-year, based on investor update.
• Anthropic is expected to go public before rival OpenAI, which currently runs at $40 billion annualized revenue.

Where they differ

TLDR AI reported only the $65 billion annualized figure and prior-year comparison, while Superhuman added the specific quarterly number, future revenue projections, and IPO valuation target that the underlying reporting contained.

TLDR AITLDR editorial team

Anthropic was on track to exceed $65 billion in annualized revenue based on current performance, more than seven times its pace from the previous year.

SuperhumanZain Kahn

Anthropic's quarterly revenue hit $11.5 billion, up from $787 million year-over-year. The company projects $190-200 billion in annual revenue by 2028 and is seeking a $2 trillion valuation for its October IPO, though investors struggle to value the company given rapidly growing revenue and expenses.

Reported by The Decoder, TechCrunch, CNBC, CNBC