This article first appeared on GuruFocus.
Anthropic is on track to report its first profitable quarter, generating $10.9 billion in revenue for the second quarter of 2026, more than double the $4.8 billion posted in Q1. The San Francisco-based AI company is expected to post an operating profit of $559 million for the period. The milestone demonstrates that it is possible for AI labs to run their businesses sustainably.
The result comes as Anthropic is on the cusp of closing a $30 billion funding round at a $900 billion valuation. OpenAI, by comparison, has told investors it expects to reach profitability in 2030 after spending more than $600 billion on computing infrastructure. SpaceX’s S-1 filing on Wednesday revealed that its AI segment, which includes xAI and Grok, posted an operating loss of $6.4 billion in 2025.
Anthropic’s compute obligations are expanding rapidly. The company signed a deal to spend $15 billion a year on computing power from SpaceX and has also agreed longer-term deals with Google (NASDAQ:GOOG) and Amazon (NASDAQ:AMZN) that could total hundreds of billions more. Anthropic has been exploring an IPO, having hired law firm Wilson Sonsini to assess a public listing that would rank alongside SpaceX and OpenAI as one of the largest ever. Anthropic declined to comment.
