AI丨Anthropic's Q3 profit expected to exceed $1 billion

According to the U.S. semiconductor research firm SemiAnalysis, based on Generally Accepted Accounting Principles (GAAP), AI startup Anthropic is expected to generate $1 billion in earnings before interest and taxes (EBIT) in the third quarter of this year, with its overall gross margin rising to approximately 60%. Anthropic’s EBIT margin for the second quarter of this year has already reached 36%.

At the same time, Anthropic’s annual recurring revenue (ARR) has surged from $9 billion at the end of 2025 to over $60 billion today. If it maintains a pace of net new ARR (NNARR) at about $15 billion per month, Anthropic’s ARR could reach $300 billion by the end of 2027—corresponding to an enterprise value of $6 trillion—making it the globally most valuable company by market capitalization.

With Claude Code catching fire, Anthropic is reshaping the AI commercialization landscape with profitability and growth far outpacing those of its competitors.

On June 1, Anthropic filed a confidential application for an initial public offering (IPO) with U.S. regulators. SemiAnalysis’ report believes there is strategic urgency for Anthropic to go public at this time, because Google’s parent company, Alphabet, has already completed an equity fundraising of $84.75 billion, and Meta has also reportedly planned fundraisings totaling hundreds of billions of dollars. As the capital markets window narrows, Anthropic’s stronger financial data and business model mean it should seek to list before OpenAI to seize the initiative in capital competition.