Anthropic aims for up to $200 billion in revenue by 2028

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Anthropic, the creator of Claude, is preparing for an IPO in the fall of 2026. The company has already generated $9 billion in 2025, $16.23 billion in the first half of 2026, and an annualized run rate of $47 billion as of May 2026. Two sources indicate that Anthropic aims for revenue between $190 billion and $200 billion by 2028, a forecasting horizon that is uncommon in such operations.
Anthropic reaches $47 billion annualized in May 2026
Anthropic's recent revenue trajectory is marked by $9 billion in 2025, followed by $16.23 billion in the first half of 2026. In May 2026, the annualized run rate reached $47 billion. It is noted that it is quite rare, in the context of an IPO, to provide projections covering the next two years.
$190 to $200 billion targeted in 2028, according to cited sources
Anthropic plans to achieve revenue between $190 billion and $200 billion by 2028, according to two individuals familiar with the matter.
IPO planned for fall 2026 and contextual elements
Anthropic's IPO is scheduled for the fall of 2026. The company is behind the Claude model. It was founded in 2021 by Dario Amodei, along with former OpenAI employees.
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