Anthropic reports $559 million in profit for Q2 2026, becoming the first AI lab to turn a profit.

AIMPACT News, May 21 (UTC+8): According to monitoring by Beating, Anthropic has informed investors that its revenue for the second quarter of 2026 is projected to reach $10.9 billion, doubling from $4.8 billion in the first quarter, with an operating profit of $559 million. This makes Anthropic the first leading AI lab to achieve quarterly profitability, ahead of OpenAI and xAI. Competitors continue to suffer losses due to high model training costs. SpaceX’s latest prospectus reveals that its merged xAI business has incurred $6.4 billion in operating losses. OpenAI has told investors it expects to turn profitable only by 2030 and plans to invest over $600 billion in expanding computing capacity before then. Profitability has not slowed Anthropic’s hardware investments. Anthropic has signed a $15 billion annual cloud computing lease agreement with SpaceX and is in discussions with Google and Amazon for potential partnerships worth hundreds of billions of dollars. Anthropic is nearing completion of a $30 billion funding round, which would raise its post-money valuation to $900 billion. Anthropic hired the law firm Wilson Sonsini last year to prepare for an IPO and is accelerating efforts toward a public offering this year. (Source: BlockBeats)