Investors expect Anthropic’s annualized revenue run rate to reach between $100B and $120B by the end of 2026, the Financial Times reported.

Anthropic’s annualized revenue run rate surpassed $65 billion at the end of July, according to a Bloomberg report. The run rate was $47 billion in May and just $9 billion at the end of last year. The growth rate has accelerated over the past year.

Investors expect Anthropic to finish 2026 with an annualized run rate between $100 billion and $120 billion, according to the Financial Times. Meanwhile, OpenAI doubled its revenue to $40 billion from $20 billion. Investors also expect Anthropic to go public ahead of OpenAI, and both companies have filed confidential IPO paperwork.

For builders and operators, Anthropic’s revenue acceleration reflects the rapidly expanding market for AI models. The run rate climbed from $9 billion to $65 billion in seven months, while OpenAI’s revenue doubled to $40 billion. Anthropic’s upcoming public market debut will provide a new financial barometer for the AI industry.

Anthropic is on track to become the largest public market debut on record, with a valuation target of $2 trillion or more. The company raised $65 billion in late May at a $965 billion valuation. Investors expect the run rate to finish 2026 between $100 billion and $120 billion.

What matters

• Anthropic’s annualized revenue run rate surpassed $65B at the end of July, up from $47B in May.
• For builders and operators, the accelerating revenue reflects rising enterprise demand for AI models.
• Anthropic will seek a $2 trillion valuation in a public debut as soon as this fall.

Why it matters

Anthropic will seek a $2 trillion valuation in a public debut as soon as this fall.

This GenAI News article was prepared in original wording using reporting and materials published by TechCrunch AI. Source reference: https://techcrunch.com/2026/08/17/anthropics-annualized-revenue-surges-to-65b/.

Drafted by the GenAI News review pipeline.