Anthropic’s $11.6 Billion Quarter Just Changed How the Market Should Read the S-1

Anthropic just overtook OpenAI in quarterly revenue for the first time. The company reported preliminary Q2 2026 revenue of $11.6 billion, up from $787 million a year earlier – a 14-fold year-over-year surge driven by rapid enterprise adoption of Claude Code. OpenAI, by comparison, posted $6.7 billion, growing 18% from Q1’s $5.7 billion. Anthropic’s Q1 […]

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