Anthropic has informed investors that its annualized revenue run rate reached 65 billion US dollars, surpassing OpenAI's reported 40 billion dollar run rate, according to industry reporting.
The company's quarterly revenue surged to 11.5 billion dollars in the second quarter of 2026, up from 787 million dollars during the same period last year, a nearly fifteenfold increase.
The milestone comes as Anthropic prepares for an initial public offering that could land as early as October 2026, potentially joining OpenAI and SpaceX in a historic wave of public listings. If completed, it would set the public-market valuation benchmark against which every other frontier AI company is measured.
The rapid growth is being fueled by heavy enterprise adoption and coding tools like Claude Code, with Anthropic's annualized run rate expanding by roughly 9 billion dollars each quarter. The company also signed a 19 billion dollar computing lease with mining firm TeraWulf and was reported to be designing custom AI chips for Claude.
Anthropic's trajectory reflects the broader acceleration of enterprise AI spending, as companies across industries integrate AI assistants and agents into their workflows.
