NurPhoto / Getty Images
Second-quarter revenue at Anthropic could hit $10.9 billion — a figure that would more than double the $4.8 billion the company brought in during the first quarter and surpass everything it earned across all of last year — putting it on course for its first quarterly operating profit, The Wall Street Journal reported.
For the quarter ending in June, operating profit is expected to reach $559 million, Reuters reported, citing a person familiar with the matter. The company shared the figures with investors as part of an ongoing fundraising round, the Journal said. Anthropic's 2026 revenue has already reached $10 billion, according to CNBC.
The profit milestone is rare in an AI industry where the cost of computing power routinely outpaces revenue. A measure of the company's improving efficiency: compute costs that consumed 71 cents of every revenue dollar in Q1 are projected to drop to 56 cents this quarter, The Wall Street Journal said.
One major contributor to those costs was disclosed Wednesday in SpaceX's IPO filing with the SEC. Under the terms disclosed in the filing, Anthropic will pay $1.25 billion monthly until May 2029, with the agreement covering compute access at both Colossus and Colossus II, SpaceX's two AI training data center clusters. The filing noted that payments will be discounted while capacity is being brought online over the next two months, and that the contract includes a mutual exit clause requiring 90 days' notice.
