Anthropic revenue tops $11.5B in Q2

Anthropic reported preliminary second-quarter revenue above $11.5 billion, up more than 14× from $787 million a year earlier and from $4.73 billion in Q1 2026, according to Fortune’s report on documents seen by Bloomberg. The company also posted positive adjusted operating income, though the figures can change before a potential IPO. The jump makes enterprise distribution—not just model quality—the economic contest to watch, alongside the site’s analysis of IBM’s OpenAI enterprise practice.