Anthropic targets $190 billion–$200 billion revenue in 2028 as bankers model valuation two years out

AI Market Summary
Reuters reports bankers are valuing Anthropic ahead of a potential mega-IPO using 2028 revenue forecasts of $190"200B, far above the recent ~$47B run-rate, reflecting extreme growth expectations despite margin pressure from heavy AI infrastructure spend. The company also projects Q2 2026 revenue of at least $10.9B and a first quarterly operating profit. The news supports risk appetite for high-growth AI comparables and IPO multiples.
Impact level
● Medium
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▲ Bullish
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Anthropic is forecasting 2028 revenue of about $190 billion to $200 billion, far above its roughly $47 billion revenue run rate. The company says its run rate was about $9 billion at the end of 2025 and had climbed to more than $47 billion by May. It has projected at least $10.9 billion in revenue for the second quarter of 2026 and is on track for its first quarterly operating profit of $559 million.