Anthropic's Revenue Run Rate Surpasses $65 Billion Ahead of IPO

Anthropic, the AI company known for its Claude AI model, has reportedly surpassed a revenue run rate of $65 billion, a notable rise from the $47 billion reported in May. This surge in financial performance comes as the company gears up for its anticipated initial public offering (IPO).

In the first quarter of 2026, Anthropic generated $4.73 billion, and by the second quarter, it achieved over $11.5 billion, more than doubling its revenue from the previous quarter. This dramatic increase reflects a 14-fold growth compared to the same quarter a year prior, where revenue was only $787 million.

Projections for the end of 2026 suggest that annualized revenue could reach between $100 billion and $120 billion, primarily driven by the enterprise adoption of Claude’s coding tools. The Claude Code product, which became widely available in mid-2025, has been integrated into various development workflows across industries.

On May 28, 2026, Anthropic closed a $65 billion Series H funding round, resulting in a post-money valuation of $965 billion. This valuation positions the company close to the trillion-dollar mark even before its IPO, surpassing the valuation of OpenAI in the private market.

Market participants are closely monitoring these financial developments, as they bolster confidence in a potentially high IPO valuation. Current market pricing suggests that Anthropic could achieve a market cap exceeding $1.25 trillion at the time of its IPO.

As the IPO date approaches, stakeholders will be attentive to any further financial disclosures from Anthropic that could influence expectations, including updates on revenue forecasts and changes to the anticipated IPO timeline.