SAN FRANCISCO — Anthropic told prospective investors its second-quarter revenue topped $11.5 billion, a more than 14-fold jump from the same period last year, according to documents reviewed by Bloomberg News.
The numbers matter well beyond Anthropic’s own balance sheet. They show just how fast companies are paying for AI tools right now, and they land as Anthropic — the maker of the Claude chatbot — moves closer to a possible public listing, something that would mark one of the biggest tech debuts in years.
A year ago, Anthropic’s second-quarter revenue was just $787 million. This quarter’s total also blew past the $4.73 billion the company reported in the first three months of 2026, meaning revenue more than doubled in a single quarter.
Just as notable: Anthropic said it posted positive adjusted operating income for the period, its first sign of profitability on that measure. For a company that’s spent heavily on computing power and research talent since it was founded in 2021, that’s a real turning point.
Much of the growth is coming from businesses, not individual chatbot users. Corporate clients now make up the large majority of Anthropic’s sales, and tools like Claude Code — built for software engineers — have become a major revenue driver on their own. Companies are increasingly using Claude to write and debug software with minimal human oversight, a trend that’s reshaped how tech teams budget for coding tools.
The growth curve has been steep enough to raise eyebrows even among AI investors used to big numbers. By May, Anthropic’s annualized revenue run rate had climbed to roughly $47 billion. Some outside trackers now estimate that run rate could hit close to $74 billion by July — a scale that took companies like Intel decades to reach, and one Anthropic appears to be approaching in under five years.
The company has raised more than $130 billion in total funding, with Amazon and Google among its largest backers. Its most recent round, closed in May, valued Anthropic at $965 billion. More recently, the company has been in talks with investors around a $900 billion valuation, CNBC has reported, with Chief Financial Officer Krishna Rao leading early conversations ahead of a potential IPO.
Anthropic was founded by siblings Dario and Daniela Amodei, both of whom previously worked at OpenAI, its main rival in the AI race. The company has built its brand around AI safety research alongside its commercial products, a positioning that’s helped it win over cautious enterprise buyers.
Anthropic has not yet confirmed a timeline for going public, and the revenue figures reported by Bloomberg are described as preliminary. Final numbers, along with any decision on a listing, are expected to become clearer in the coming months as the company continues talks with investors.
