Anthropic reports second straight quarter of positive adjusted operating income
1 source↑ Market-relevant
IN SHORT
AI company Anthropic has informed investors that it expects to report positive adjusted operating income for the second consecutive quarter, according to a Financial Times report. The company's gross margins are reportedly above 80% before accounting for revenue sharing and model training costs.
Key Numbers
>$11.5 billionpreliminary Q2 2026 revenue
>80%gross margins before revenue share and training costs
$4.73 billionQ1 2026 revenue
$787 millionQ2 2025 revenue
Who's Involved
Anthropic
AI company reporting positive adjusted operating income
Financial Times
reported on Anthropic's investor disclosures
Amazon
distribution partner for Anthropic
↳ Why This Matters
Anthropic's reported positive adjusted operating income for a second straight quarter, coupled with significant revenue growth, signals increasing financial stability for a major player in the AI industry as it potentially prepares for a public listing. Investors will be closely watching its ability to sustain profitability and manage its substantial compute costs.
Key facts
Anthropic expects positive adjusted operating income for the second consecutive quarter.
The company's gross margins are reportedly above 80% before revenue sharing and model training costs.
Anthropic reported preliminary revenue of more than $11.5 billion in the second quarter of 2026.
This Q2 revenue figure is more than double the $4.73 billion reported in the preceding quarter.
The Q2 revenue represents a 14-fold increase from the $787 million reported in the second quarter of 2025.
Anthropic has informed its shareholders that it anticipates reporting positive adjusted operating income for the second consecutive quarter, according to a report by the Financial Times citing individuals familiar with the matter. The artificial intelligence company's gross margins are said to exceed 80% before accounting for revenue shared with distribution partners like Amazon and the costs associated with training its models.
Documents reviewed by Bloomberg indicate that Anthropic presented prospective investors with preliminary second-quarter revenue figures exceeding $11.5 billion. This represents a significant increase from the $4.73 billion in revenue reported for the preceding quarter and a substantial jump from the $787 million recorded in the second quarter of 2025. The company's disclosure of positive adjusted operating income, though the specific amount and adjustments were not detailed, comes as Anthropic is reportedly considering a potential initial public offering (IPO). The company has also secured capacity agreements for up to 10 gigawatts of new compute power through arrangements with suppliers.
Frequently asked questions
Adjusted operating income is a measure of a company's profitability that excludes certain expenses, such as interest, taxes, depreciation, and amortization, as well as other non-recurring or non-operational items. It aims to provide a clearer picture of the company's core operational performance.
Anthropic is an artificial intelligence company focused on developing safe and reliable AI systems. It is known for its large language model, Claude, and is a significant competitor in the AI research and development space.
Run-rate revenue is a projection of a company's annual revenue based on its current revenue performance over a shorter period, such as a quarter. It annualizes a recent revenue pace but is not the same as actual revenue for a completed fiscal year.
How It Developed
Anthropic told shareholders its adjusted operating income will be positive for a second straight quarter.
Anthropic's gross margins are above 80% before accounting for revenue shared with distribution partners and the cost of training its model.
Sources
T1
Anthropic tells investors it will be profitable for second straight quarter, FT reportsReuters
