Revenue — AI news & analysis

Anthropic on pace for first profitable quarter — $10.9B Q2 revenue, $559M operating profit

Anthropic projects $10.9 billion Q2 2026 revenue (more than doubling from $4.8B in Q1) and $559 million Q2 operating profit, which would make it the first frontier AI lab to post a quarterly operating profit. Compute costs drop from 71¢ to 56¢ per revenue dollar between Q1 and Q2. The company is not expected to stay profitable into H2 2026 as it scales compute spend. The news lands the same week OpenAI filed its confidential S-1 with reported Q1 losses.