Anthropic Eyes First Profitable Quarter On $10.9 Billion Q2 Revenue Projection

What Happened

According to The Wall Street Journal, Anthropic shared the numbers with investors as part of an ongoing funding round that could lift its valuation past OpenAI’s.

The firm has posted strong gains this year, and investor talks are underway on a funding round pegged at a $900 billion valuation. That price would lift Anthropic above OpenAI, which was last valued at $852 billion during a March funding round.

Market Context

Anthropic is on track to generate $10.9 billion in second-quarter revenue, more than doubling its first-quarter haul.

The figure puts the artificial intelligence (AI) company on track for its first quarterly operating profit.

Why It Matters

The Claude maker expects to post an operating profit of $559 million in the June quarter. First-quarter revenue reached $4.8 billion, meaning sales more than doubled within months.

Even so, the company has pushed ahead with its IPO plans. OpenAI is working with Goldman Sachs and Morgan Stanley on a confidential S-1 filing that could land as early as Friday. Anthropic itself is weighing a public listing as soon as October.

Details

Anthropic Q2 Revenue Set To Double

“The projections, which were reviewed by The Wall Street Journal, provide a window into the meteoric rise of a startup that was once a laggard in the artificial-intelligence race, and defy the conventional wisdom that AI companies’ huge spending needs hamper near-term profitability,” the report read.

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Meanwhile, rival OpenAI has faced setbacks this year. The maker of ChatGPT missed internal revenue and weekly user targets in early 2026.

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