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

Anthropic, a rival to OpenAI in the artificial intelligence space, announced a significant surge in revenue during its second quarter. The company reported a revenue of over US$11.5 billion, marking an increase of at least 14 times compared to the same period last year. In the second quarter of 2026, Anthropic also reported positive adjusted operating income. The documents seen by Bloomberg News suggest that the figures could be subject to revision.

Anthropic's rapid growth is driven by increasing adoption of its software by professionals across various industries, particularly in streamlining tasks such as coding. The company's revenue run rate, which was already over US$47 billion in May, indicates a strong upward trend. Anthropic is actively seeking investment to maintain its competitive edge, as it prepares for a potential mega-IPO. The company is in discussions with Morgan Stanley, Goldman Sachs Group Inc., and JPMorgan Chase & Co. for the IPO.

Anthropic's ambitious plans come amidst a highly competitive AI race, with numerous companies investing billions to develop cutting-edge models. OpenAI, Anthropic's key competitor, has an annual run rate of over US$40 billion, according to Bloomberg News. However, the exact figures may vary based on calculation methods. The AI sector's IPO market has seen a surge in activity, raising a total of US$256.4 billion in a year, the highest since 2021.