Anthropic projects $10.9B Q2 revenue

Anthropic has told investors it expects about $10.9 billion in revenue in the second quarter, according to CNBC, a figure that would more than double its first-quarter sales and put the artificial-intelligence company on track for its first profitable quarter. CNBC reported the company generated $4.8 billion in the first quarter and had reached $10 billion in revenue in 2026 so far, citing a person familiar with the matter. Reuters separately reported that Anthropic is nearing its first quarterly operating profit. The new revenue target surfaced as another disclosure sharpened attention on Anthropic’s cost base. Reuters reported that SpaceX said in IPO papers that Anthropic had agreed to pay $1.25 billion per month through May 2029 for computing power. Axios reported the deal amounts to about $15 billion a year. ### How big is the revenue jump? (cnbc.com) CNBC reported Anthropic’s projected $10.9 billion for the June quarter compares with $4.8 billion in the first quarter, implying a little over 2x sequential growth. Reuters said the sales increase is large enough that revenue is overtaking the company’s spending on developing and running AI systems. Third-party reports that summarized the investor materials said Anthropic also projected roughly $559 million in operating profit for the quarter. (finance.yahoo.com) Reuters did not confirm that exact figure, but it did report the company is close to its first quarterly operating profit. ### What exactly did SpaceX disclose? SpaceX’s filing said Anthropic’s compute agreement covers both Colossus and Colossus II, its AI training data-center clusters, according to Reuters and follow-on reports that cited the filing. (cnbc.com) Quartz reported the contract includes discounted payments while capacity is brought online over the next two months and a mutual 90-day exit clause. (edgen.tech) Axios reported the companies signed the compute deal earlier in May. The arrangement gives Anthropic access to scarce large-scale infrastructure at a time when model developers are competing for chips, power and data-center capacity. That last point is an inference from Anthropic’s recent infrastructure announcements and the terms of the SpaceX deal. ### Why is Anthropic buying so much compute? (money.usnews.com) Anthropic said in April that it was expanding its collaboration with Amazon for up to 5 gigawatts of new compute capacity and that users were making Claude “increasingly essential” to their work. Amazon said more than 100,000 customers run Anthropic Claude models on AWS through Amazon Bedrock. Those disclosures suggest Anthropic is trying to lock in multiple sources of infrastructure as demand rises. (axios.com) Reuters described the company’s sales as eclipsing the enormous costs required to develop and deploy artificial intelligence. ### What are investors likely to watch next? The next hard checkpoint will be Anthropic’s June-quarter results or any new investor disclosures that confirm whether the company reached the projected revenue and profitability levels. (anthropic.com) SpaceX’s filing also gives investors a dated obligation to track: the $1.25 billion monthly payments run through May 2029 unless the agreement is changed or terminated under its disclosed terms. (finance.yahoo.com)