Anthropic and OpenAI revenue growth accelerates in 2026 as combined ARR tops $115 billion

Anthropic’s annualized recurring revenue jumped from roughly $9 billion at the end of 2025 to $47 billion by mid-May 2026. OpenAI’s ARR climbed from an estimated $20-25 billion to around $40-41 billion over a similar stretch. Together, the two companies now command a combined ARR exceeding $115 billion. The numbers behind the surge Anthropic’s Q2 2026 revenue came in at approximately $11.5-11.6 billion, a massive leap from its Q1 performance and a milestone moment for the company: its first operating profit. OpenAI posted $6.7 billion in Q2 revenue, up from $5.7 billion in Q1 2026. The company logged monthly growth of over 20% during certain periods. Anthropic’s ARR is now projected to exceed $65 billion by the end of July 2026, with some estimates stretching toward $74-75 billion. What’s driving the growth Anthropic’s Claude Code and OpenAI’s GPT-5.6 series have become central to enterprise workflows. Enterprise and API demand represents the bulk of the acceleration, as businesses integrate AI capabilities directly into their software stacks. Consumer subscriptions remain a meaningful contributor as well. Financial media reports have characterized the growth as driven by sustained...