Anthropic reports $10.9 billion revenue run rate for June quarter

The Wall Street Journal reported that Anthropic had told investors it expected revenue of about $10.9 billion for its April–June quarter, more than double the $4.8 billion it took in during the first quarter of 2026, with an operating profit of roughly $559 million once stock-based compensation was excluded — what would be the company’s first profitable quarter. The projected figures implied an annualised revenue run rate approaching $44 billion.

The numbers surfaced through disclosures made during an ongoing funding round, which the Journal reported was expected to push Anthropic’s valuation above OpenAI’s; Anthropic closed a $65 billion round at a $965 billion valuation the following week. Coverage noted the quarter-on-quarter growth rate outpaced the historical peaks reported by Zoom, Google and Facebook at comparable stages.

The profitability was arriving well ahead of the company’s own earlier guidance: Anthropic had told investors the previous year that it did not expect to be profitable on a full-year basis before 2028, and it cautioned that planned increases in compute and model-training spending could still prevent the company from sustaining profitability across the full year even if a single quarter came in positive. The figures were unaudited projections shared with prospective investors rather than reported results, and depended on Anthropic’s own accounting choices about which costs to exclude.