Anthropic is on track to report its first profitable quarter in Q2 2026, with revenue projected to reach $10.9...

Anthropic is on track to report its first profitable quarter in Q2 2026, with revenue projected to reach $10.9 billion—more than double the previous quarter and exceeding total 2025 revenue. The company expects an operating profit of $559 million, according to a source familiar with the matter (CNBC, TechCrunch). This milestone comes alongside a massive compute deal with xAI/SpaceX, where Anthropic will pay $1.25 billion per month through May 2029 for 300MW of capacity at Colossus 1 (TechCrunch, Data Center Dynamics). Nvidia disclosed a significant capacity buildout for Anthropic this year and next (TechCrunch). Despite the high compute costs, the revenue surge demonstrates strong enterprise and consumer demand for Claude, positioning Anthropic favorably ahead of a potential IPO. The profitability milestone is a key validation of its business model, though the sustainability depends on managing infrastructure expenses.