Anthropic has surpassed a $65 billion annualized revenue run rate, representing more than a sevenfold increase from the $9 to $10 billion recorded at the end of 2025. The company generated $4.73 billion in Q1 2026, then more than $11.5 billion in Q2, exceeding Q1’s total in a single quarter. On a year-over-year basis, quarterly revenue grew approximately 14 times, rising from $787 million in Q2 2025 to over $11.5 billion in Q2 2026. On May 28, 2026, Anthropic closed a $65 billion Series H funding round, valuing the company at $965 billion, putting it within reach of the trillion-dollar mark before its stock market debut. August 2026 projections estimate annualized revenues between $100 and $120 billion by year-end, driven by enterprise adoption of Claude Code coding tools.
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