Anthropic has reported preliminary revenue of more than $11.5 billion for the second quarter of 2026, according to multiple media reports cited by ABMedia. The figure was said to be about 14 times higher than a year earlier and above the company’s first-quarter level. The reports also said Anthropic turned adjusted operating profit positive for the first time on a single-quarter basis.
The update came as the company was reportedly preparing for a possible IPO this fall. Morgan Stanley, Goldman Sachs and JPMorgan were named as banks helping with the listing process. Market chatter had previously pointed to a valuation as high as $2 trillion.
ABMedia noted that the $11.5 billion figure remains preliminary and has not yet been confirmed through formal earnings results. It also said the profit measure was based on an adjusted standard, meaning Anthropic’s full profit picture and cash burn rate still have not been fully disclosed. The report also referenced earlier coverage saying OpenAI had annualized revenue of about $40 billion and was cutting prices ahead of its own IPO push, highlighting intensifying competition between the two AI companies.
Anthropic has posted preliminary revenue of more than $11.5 billion for the second quarter of 2026, according to multiple media reports cited by ABMedia, as the company is said to be preparing for a possible IPO this fall. The figure was reported at roughly 14 times the level from a year earlier, and the company also recorded its first positive adjusted operating profit on a quarterly basis.
Revenue topped the prior quarter and jumped year over year
ABMedia said the preliminary revenue number of more than $11.5 billion was not only about 14 times higher than the same period last year, but also well above the first quarter. The more important detail in the report was profitability: Anthropic said adjusted operating profit turned positive, giving the company its first adjusted quarterly profit.
Major banks are reportedly working on a potential IPO
According to the report, Morgan Stanley, Goldman Sachs and JPMorgan are assisting Anthropic with preparations for a possible IPO that could take place this fall. Earlier market talk had even pointed to a valuation of as much as $2 trillion.
Key figures are still preliminary
ABMedia also cautioned that the $11.5 billion figure is still preliminary and has not yet been confirmed in formal financial statements. It added that the profit milestone was based on an adjusted metric, leaving Anthropic’s full earnings picture and cash burn rate still to be disclosed in greater detail.
The report also referenced earlier coverage by Chain News saying OpenAI had annualized revenue of about $40 billion and was cutting prices ahead of an IPO push, underscoring how closely the revenue race between the two companies is being watched.
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