Anthropic on track to report first profitable quarter with $10.9 billion Q2 2026 revenue

Anthropic generated $10.9 billion in revenue for Q2 2026, more than double the $4.8 billion posted in Q1, and is expected to post an operating profit of $559 million for the period.

The company signed a deal to spend $15 billion a year on computing power from SpaceX and has also agreed longer-term deals with Google and Amazon that could total hundreds of billions more.

Anthropic is on the cusp of closing a $30 billion funding round at a $900 billion valuation and has been exploring an IPO by hiring law firm Wilson Sonsini to assess a public listing.