Anthropic reportedly expects $190 billion to $200 billion in revenue by 2028, far exceeding the $47 billion annualized revenue run rate reported in May.
Bankers Reach Past Typical Timelines Bankers are applying enterprise value-to-revenue multiples based on forecasts, Reuters reported on Friday, citing four sources.
Anthropic’s revenue run rate was about $9 billion at the end of 2025, then climbed to more than $47 billion by May.
For the second quarter of 2026, Anthropic expects revenue of at least $10.9 billion, more than double the previous quarter.
That would put the company on track to post its first quarterly operating profit, estimated at $559 million.
