Anthropic's 2026 Revenue Surge: AI Giants' IPO Race Heats Up

Anthropic's annual revenue run rate has surged past $120 billion in 2026, setting a new growth benchmark. According to Bloomberg, the company's projected full-year revenue reached $65 billion by July, up from $47 billion in May and just $9 billion at the end of last year. Analysts expect Anthropic to maintain this pace, finishing 2026 between $100-120 billion. Rival OpenAI has also doubled its revenue to $40 billion from $20 billion at the end of 2025. Both firms are preparing confidential IPO filings, with Anthropic likely to debut on public markets this quarter, targeting a valuation of $2 trillion or more—potentially the largest IPO in history. The company's recent $65 billion funding round, following a May valuation of $965 billion, underscores its aggressive scaling strategy. The AI sector's intense competition is reshaping global markets, driven by both technological advancements and financial strategies.