Anthropic's First-Half Revenue Rose 1,300%. Should You Buy the Stock When It Starts Trading?
Is the Claude maker worth up to around double what its private investors paid in May?
Anthropic, an AI company, reported a staggering 1,300% increase in revenue for the first half of 2026, reaching $16.3 billion. This is a significant jump from $1.2 billion in the same period of 2025 and more than three times the $4.6 billion earned in 2025. The company plans to debut on the Nasdaq under the symbol ANT, though the IPO filing omits specific pricing details, share count, and third-quarter revenue.
Anthropic raised $65 billion in May, valuing the company between $965 billion and $2 trillion. Despite the high valuation, the company's revenue is predominantly based on consumption, with many customers paying as they use Anthropic's AI service, Claude. The company's compute expenses have been decreasing as a percentage of revenue, contributing to a first-quarter operating income of $974 million, marking its only profitable quarter in six reported.
However, Anthropic cautions that its revenue growth rate may slow, and the high valuation leaves little room for error. Investors should exercise caution if considering purchasing Anthropic stock at the proposed price range.
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