Anthropic projects $10.9 billion June quarter revenue and its first $559 million operating profit, implying a $44 billion annualized run rate during a funding round likely valuing it above OpenAI.
Limited compute capacity pushes some customers to other providers.
#517Andrew Curran@ANDREWCURRAN_There's like ten different stories breaking at once. I apologize, I don't usually post this frequently, I don't like to spam people.
Lisan al Gaib@scaling01According to WSJ, Anthropic is projected to post its first operating profit of about $559M in Q2 2026, with revenue reaching $10.9B, up from $4.8B in Q1. Annualized: $10.9B × 4 = $43.6B revenue run rate, assuming no further growth.
Andrew Curran@AndrewCurran_There's like ten different stories breaking at once. I apologize, I don't usually post this frequently, I don't like to spam people.
@zephyr_z9 They are paying Elon $1.25 billion a month for the Colossus usage.
Zephyr@zephyr_z9So ARR growth has finally moderated a bit (or will they blow past it, Ant isn't good at forecasting) June ARR will be around $50B if this Q2 revenue number is true
According to WSJ, Anthropic is projected to post its first operating profit of about $559M in Q2 2026, with revenue reaching $10.9B, up from $4.8B in Q1.
Annualized: $10.9B × 4 = $43.6B revenue run rate, assuming no further growth.
Lisan al Gaib@scaling01According to WSJ, Anthropic is projected to post its first operating profit of about $559M in Q2 2026, with revenue reaching $10.9B, up from $4.8B in Q1. Annualized: $10.9B × 4 = $43.6B revenue run rate, assuming no further growth.
WSJ: Anthropic is now projected to hit its first operating profit in Q2, with revenue jumping 130% to $10.9B after expecting profitability only around 2028.
The shock is not only the profit, but the speed at which enterprise AI spending is converting into real revenue.
Anthropic made $4.8B in Q1, then told investors it expects $559M in operating profit in the June quarter.
The driver is agentic coding, where Claude does longer software tasks instead of only answering one prompt at a time.
That changes the product from a chatbot into rented digital labor, so customers can justify much bigger bills.
The cost story also changed, because Anthropic spent 71 cents of every revenue dollar on compute in Q1 but expects 56 cents in Q2.
Compute is still the main tax on AI, but lower compute per dollar means scale is starting to work in Anthropic’s favor.
Anthropic also benefits from using more Google and Amazon chips, a smaller free consumer base, and fewer giant data-center promises than OpenAI.
---
wsj. com/tech/ai/mind-blowing-growth-is-about-to-propel-anthropic-into-its-first-profitable-quarter-7edbf2f4
"ai companies will never turn a profit", i continue to insist as i slowly shrink and become totally irrelevant
#1496Chubby♨️@KIMMONISMUSEven bigger win for Anthropic:
Anthropic’s revenue is set to more than double to $10.9 billion in the second quarter, an explosive rate of growth that will help it turn an operating profit for the first time.
About $500m in profit.
Nuts.
Chubby♨️@kimmonismusHoly: After Anthropic secured compute capacity from Colossus 1, it is now also getting access to compute from Colossus 2. But to be honest: I somehow expected to his. Grok certainly doesn’t need all that compute.
Chubby♨️@kimmonismusEven bigger win for Anthropic: Anthropic’s revenue is set to more than double to $10.9 billion in the second quarter, an explosive rate of growth that will help it turn an operating profit for the first time. About $500m in profit. Nuts.
OpenAI made $5.7B in Q1. Anthropic made ~$4.7B.
But Anthropic's annualized revenue recently hit $45B. OpenAI's sits at $25B. The difference: annualized revenue extrapolates from the most recent month, and Anthropic's monthly revenue appears to have more than doubled between Q1 and now.
That means Anthropic's growth rate flipped the entire ranking sometime in Q2 - while also projecting its first operating profit (~$600M). Meanwhile OpenAI is losing $1.22 for every dollar it earns, ChatGPT user growth has stalled below its 1B target, and it just raised $122B in new funding.
One company is getting profitable. The other is raising capital faster than it's growing users. The AI race isn't being won by whoever ships models first. It's being won by whoever figured out unit economics.
#1496Chubby♨️@KIMMONISMUSEven bigger win for Anthropic:
Anthropic’s revenue is set to more than double to $10.9 billion in the second quarter, an explosive rate of growth that will help it turn an operating profit for the first time.
About $500 in profit.
Nuts.
Chubby♨️@kimmonismusHoly: After Anthropic secured compute capacity from Colossus 1, it is now also getting access to compute from Colossus 2. But to be honest: I somehow expected to his. Grok certainly doesn’t need all that compute.
Chubby♨️@kimmonismusEven bigger win for Anthropic: Anthropic’s revenue is set to more than double to $10.9 billion in the second quarter, an explosive rate of growth that will help it turn an operating profit for the first time. About $500 in profit. Nuts.
*$500m in profit
Chubby♨️@kimmonismusEven bigger win for Anthropic: Anthropic’s revenue is set to more than double to $10.9 billion in the second quarter, an explosive rate of growth that will help it turn an operating profit for the first time. About $500 in profit. Nuts.
#1497Zephyr@ZEPHYR_Z9So ARR growth has finally moderated a bit (or will they blow past it, Ant isn't good at forecasting) June ARR will be around $50B if this Q2 revenue number is true
@yonashav Also Ed Zitron's take on this.
Yo Shavit@yonashavwaiting with bated breath for Gary’s take