# Anthropic Posts Record Revenue Surge Ahead of Target November IPO Claude creator shares strong quarterly growth and profitability metrics amid tech sector volatility. - **Source:** [BBC News](https://www.bbc.co.uk/news/business) - **Published:** 2026-10-15 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/a91bbcae-f6b2-41b6-81be-26b62bdedf95 ## Record Revenue Acceleration Anthropic reported quarterly revenue of $16.8 billion for the three months ending in September, climbing between 45% and 50%. The disclosure occurred during an investor briefing at its San Francisco headquarters. This growth follows sequential rises from $4.7 billion in the first quarter to $11.6 billion in the second. ## Sustained Adjusted Profitability The Claude developer revealed it achieved profitability for the second consecutive quarter. In its presentation, Anthropic highlighted positive free cash flow, generating $1.70 in revenue per dollar spent. It also reported an adjusted operating margin of 11%, although the company recorded a $42 billion net loss last year. ## Targeting Historic Market Valuation Anthropic aims to hold its initial public offering in November following the US midterm elections. The company is reportedly seeking a $2 trillion valuation, which would surpass SpaceX's $1.8 trillion record set in June. Management projects entering an addressable total market valued by the firm at $30 trillion. ## Surpassing Rival Annualised Run-Rate Anthropic's annualised revenue reached $65 billion earlier this year, with projections targeting $100 billion by late 2026. This performance outpaces rival OpenAI's $50 billion annualised run-rate. However, direct comparisons remain challenging because both firms apply distinct methodologies and adjusted calculation standards to project their future revenue trajectories. ## Diverging Initial Public Timelines While Anthropic moves toward a public listing before year-end, OpenAI chief executive Sam Altman confirmed his company will not go public this year. OpenAI has delayed its estimated $1 trillion-plus IPO to address model safety concerns, with reports indicating a postponement extending into 2027 for the ChatGPT creator. ## Tech Hardware Sector Sell-Off The financial update coincided with a sharp decline across global technology shares over heavy infrastructure spending. Broadcom CEO Hock Tan warned investors about extreme market expectations resembling casino wagers. US chip makers Nvidia, AMD, and Intel fell, alongside Asian tech giants SoftBank, Samsung, and SK Hynix dropping heavily. ## Macroeconomic Pressures Emerge Regional trading halts affected South Korea's Kospi and Kosdaq indexes, while Japan's Nikkei 225 fell over 5%. Market losses deepened after higher-than-expected September US inflation data raised fears of Federal Reserve borrowing rate increases. These macro concerns compound ongoing investor anxieties surrounding the high capital costs of data centre development. ## Safety Leadership and Expansion Despite aggressive commercial targets and opening a Singapore office, Anthropic chief executive Dario Amodei has publicly urged for AI development pace to moderate over safety risks. The firm's performance will serve as a primary test case for whether frontier AI providers can sustainably self-fund their ongoing computing infrastructure costs. ## Sources covering this story - [BBC News — Anthropic Reports Revenue Surge Ahead of Anticipated Stock Market Debut](https://www.bbc.co.uk/news/articles/cqzjx448vxkgo?at_medium=RSS&at_campaign=rss) - [Technology News Today, Latest Tech News | The Hindu — Anthropic Reports $16.8 Billion Quarterly Revenue Ahead of IPO](https://www.thehindu.com/sci-tech/technology/anthropic-says-revenue-jumped-to-nearly-17-billion-last-quarter/article71586601.ece) - [Breaking News on Seeking Alpha — Anthropic Reports 45% Revenue Growth Ahead of November IPO](https://seekingalpha.com/news/4653225-anthropic-q3-revenue-surges-45-to-168b-ahead-of-expected-ipo-report?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news) --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._