Anthropic reports quarterly revenue of 16.8 billion: up 45 per cent ahead of its IPO

Anthropic is continuing to accelerate ahead of its Wall Street debut. The artificial intelligence company behind Claude has reported to investors that its revenue for the third quarter of 2026 stood at $16.8 billion, up by around 45 per cent from the $11.6 billion recorded in the previous quarter. In the first quarter, turnover stood at around $4.7 billion: in six months, therefore, revenue has more than tripled.

"The figure, first reported by the Financial Times, was confirmed to Reuters by two people who attended the meeting with investors."

Growth remains exceptional, although the pace has begun to slow: between the first and second quarters, revenue had in fact more than doubled. Anthropic also reported that it had achieved positive profitability on an adjusted basis, a figure closely monitored by investors in light of the enormous costs involved in developing and operating artificial intelligence models.

The company, founded in 2021 by former OpenAI executives, is preparing for a possible stock market flotation as early as November. There is speculation in the market that its valuation could exceed 2,000 billion dollars. In May, Anthropic raised $65 billion in a new round of funding, which brought its post-money valuation to $965 billion.

Growth is being driven primarily by businesses’ use of Claude and the success of tools such as Claude Code, which is designed for programming. However, there are still some uncertainties regarding the figures: Anthropic is still a private company and the data provided to investors does not yet have the level of detail that will be required in the IPO documentation. In particular, the market is focusing on how sales made through major cloud partners are accounted for, and on the company’s ability to maintain its current margins whilst increasing investment in chips and data centres.