Anthropic increased its revenue by 50% in the third quarter of 2026 compared with the previous quarter, reaching $16.8 billion, according to the Financial Times. The AI company has reported adjusted profits for the second consecutive quarter.
Anthropic generated $4.8 billion in revenue in the first quarter of 2026 and $11.5 billion in the second. In Q3, its operating margin reached 11%, while free cash flow turned positive.
The company told investors that every $1 spent on computing capacity generated $1.70 in revenue. According to Reuters, analysts who met with Anthropic’s management estimate that the company could generate $100 billion in revenue for 2026.
However, Bloomberg reported in August that Anthropic had projected an annual revenue run rate of $65 billion. The Financial Times also reported that the company was considering an IPO in November 2026 at a valuation exceeding $2 trillion.
