Anthropic revenue surges to over US$11.5bil in second quarter

Anthropic, a rival to OpenAI, reported a staggering surge in revenue during the second quarter of 2026, reaching over US$11.5 billion. This represents a dramatic increase of at least 14 times compared to the same period a year earlier when the company generated US$787 million. The preliminary revenue figure surpassed the US$4.73 billion recorded in the first quarter of 2026.

The positive adjusted operating income reported by Anthropic marks a significant milestone. While the figures may undergo revisions, a spokesperson declined to comment. Anthropic's rapid growth is fueled by its ongoing competition with OpenAI for corporate customers. The company has seen increased adoption of its software across various sectors, including coding.

Anthropic's annual revenue is projected to reach US$47 billion by May, surpassing OpenAI's estimated US$40 billion annual run rate. The AI company is set to debut in the highly anticipated public market, seeking funding to maintain its lead over rivals like DeepSeek, a Chinese AI firm preparing for its own IPO. The AI sector's IPO frenzy raised US$256.4 billion in 2026, the highest amount since 2021, according to Bloomberg News data.