Anthropic sees $10.9B Q2, forecasts first profitable quarter

Anthropic projects $10.9 billion in revenue for the second quarter and an operating profit of $559 million, figures the company shared with investors in connection with ongoing financing discussions. If realized, the results would represent the startup’s first profitable quarter.

The company reported $4.8 billion in revenue in the first quarter, which means expected sales would more than double between the two quarters. The projected $559 million is an operating profit for the June quarter.

Investors engaged in the financing talks have pegged a potential valuation for Anthropic at about $900 billion. That level would exceed a recent valuation of a leading rival at $852 billion. Company officials are also considering a public listing as soon as October, according to investor conversations.

Anthropic develops the Claude family of large language models and has posted rapid revenue gains this year as demand for LLMs and AI services has increased.

A rival firm reported missed internal revenue and weekly user targets in early 2026 and is preparing a confidential S-1 filing with advisers, including Goldman Sachs and Morgan Stanley, for a potential initial public offering.

Investors and market observers are awaiting Anthropic’s actual second-quarter results and the final terms of any financing to confirm the company’s projections.