Anthropic pegs 2028 revenue at $190 billion to $200 billion as $2 trillion IPO valuation comes into view
AI Market Summary
Anthropic is marketing extremely aggressive forward revenue assumptions (about $190B–$200B by 2028) to justify talk of a $2T IPO valuation, with near-term run-rate acceleration and a projected first quarterly operating profit in 2026. The use of far-forward revenue multiples highlights both rapid AI demand and uncertainty around compute-driven margin pressure, influencing sentiment toward high-growth AI infrastructure and software comparables.
Impact level
● Medium
Affected assets
NCSKANTHROPIC2USD/USDT+4.46%
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▲ Bullish
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Anthropic forecasts 2028 revenue of roughly $190 billion to $200 billion, far above the $47 billion revenue run rate it disclosed in May. The company said its revenue run rate was about $9 billion at the end of 2025 and had climbed to more than $47 billion by May. Anthropic also projects at least $10.9 billion in revenue for the second quarter of 2026, more than double the prior quarter, and is on track for its first quarterly operating profit of $559 million. The figures underscore rapid growth that would underpin a potential $2 trillion IPO valuation.
