Anthropic’s annualized revenue run rate reached $65 billion by late July 2026, up sharply from $47 billion in May and about $9 billion at the end of 2025. Investors reportedly project the company will close out 2026 with $100-120 billion in revenue, well ahead of rival OpenAI’s roughly $40 billion annualized run rate. The growth comes as Anthropic has filed confidential paperwork for an IPO expected as soon as fall 2026, with the company reportedly seeking a valuation of $2 trillion or more.
