Anthropic's annualized revenue tops $65B ahead of IPO

Anthropic's annualized revenue run rate surpassed $65 billion at the end of July, up from $47 billion in May and $9 billion at the end of 2025. Q2 revenue jumped to over $11.5 billion, 14x year-over-year. Investors expect 2026 revenue between $100B and $120B, with a possible IPO this fall at a $2T+ valuation.