In an exclusive report dated May 21, The Wall Street Journal revealed that Anthropic anticipates revenues of $10.9 billion in the second quarter of 2026 (ending late June). This represents roughly a 127% increase over the $4.8 billion it generated in the first quarter, and a 130% year-on-year rise. For the first time ever, the company is also expected to record operating profits of about $559 million, translating to an annualized revenue figure of approximately $43.6 billion when calculated on a quarterly basis. These figures emerged as Anthropic is currently raising fresh capital; market analysts widely predict its valuation will surpass that of OpenAI following this round of funding.
The WSJ also noted that Anthropic is grappling with significant computational resource constraints, forcing it to impose usage limits on certain clients — a move that has led some users to switch to competitors in the short term. To tackle this issue, Anthropic has secured access to computing power from Elon Musk’s xAI-owned Colossus 1 and Colossus 2 supercomputing clusters, reportedly at a monthly cost of around $1.25 billion. Analyst Derek Thompson commented that if Anthropic had ample inference computing capacity at its disposal, “it wouldn’t be hard to imagine annual revenues reaching $100 billion or even higher.” After soaring from roughly $1.8 billion a year earlier to $4.8 billion in Q1, the company’s revenues doubled once again in Q2, underscoring robust demand across both enterprise API services and consumer AI subscription markets.