18 August 2026
Anthropic's revenue run rate hits $65 billion in July 2026
- Anthropic reached a $65 billion annualized revenue rate by end of July, a sevenfold increase from the prior year.
- The company disclosed $11.5 billion in quarterly revenue for Q2, a 14-fold jump year-over-year, in investor updates.
- Anthropic projects $190 to $200 billion in annual revenue by 2028 and may pursue a public offering as early as fall 2026.
- The growth rate outpaces rival OpenAI, which recently hit a $40 billion annualized revenue rate.
Where they differ
All three newsletters reported the same $65 billion figure, but Superhuman and Exponential View cited higher projections or broader AI economy metrics that were not confirmed in the underlying reporting, while TLDR AI stuck to the verified annualized revenue number.
Anthropic was reportedly on track to exceed $65 billion in annualized revenue based on current performance, more than seven times its pace at the end of the previous year.
Anthropic's quarterly revenue hit $11.5B, up from $787M year-over-year, with projections of $190B-$200B annual revenue by 2028. The newsletter notes investors are struggling to value the company given its rapidly growing revenue and expenses.
AI economy revenues have grown significantly since June, with July revenues three times higher year-over-year and an annualized run-rate now exceeding $210 billion. The newsletter emphasizes tracking this growth metric as a key indicator of the state of the AI economy.
Reported by The Decoder, CNBC, TechCrunch, CNBC