Anthropic passes OpenAI on revenue for the first time, $11.6B to $6.7B
Anthropic booked $11.6 billion in Q2 2026 and a small operating profit, doubling quarter over quarter, while OpenAI grew 18 percent to $6.7 billion and slipped deeper into operating losses, per the Wall Street Journal. Anthropic's annualized rate is up sevenfold year over year to $65 billion, with Claude Code and higher per-use revenue on Claude models doing the work. The revenue lead now rides on developer tooling, and OpenAI heads into an expected IPO without a profitable quarter.
Source: the-decoder.com ↗
Anthropic has passed OpenAI on revenue for the first time in the AI race.
the-decoder.com
Why this matters
- → Anthropic's $11.6B revenue and operating profit signal market shift toward Claude-based tooling.
- → OpenAI's slower growth and losses ahead of IPO reflect intensifying competition.
- → Per-use pricing and developer tools now drive AI economics, not just model licensing.
The tables turn