Internal projections for the AI startup show adjusted operating income will be positive for the second consecutive period, a measure that excludes stock-based compensation. Gross margins remain above 80% before accounting for training costs and revenue shared with partners like Amazon, while second quarter revenue grew 14 fold year over year to $11.5 billion.

The company hit an annualized revenue pace of $65 billion in July and selected the Nasdaq for an IPO that targets a raise matching or exceeding the $86.3 billion record set by SpaceX. Analysts from SemiAnalysis forecast that annualized revenue will hit $120 billion by the end of 2026 and nearly triple that figure by 2027.

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Key sources

  1. SOURCE@firstsquawk“gross margins above 80% before revenue-sharing and AI training costs”x.com
  2. SUPPORT@firstadopter“annualised revenue of $65bn at the end of July, up from $9bn at the end of last year”x.com
  3. SUPPORT@firstsquawk“aims to match or exceed SpaceX’s record $86.3 billion offering”x.com
  4. SUPPORT@reuters“Anthropic selects Nasdaq for IPO, Business Insider reports”x.com
  5. SOURCE@katie_roof“Anthropic has chosen to list its IPO on the Nasdaq, following SpaceX”x.com
  6. SUPPORT@wallstengine“selected Nasdaq for its potential U.S. IPO, according to Business Insider, citing a person familiar with the company’s plans”x.com
  7. SUPPORT@ftr_investors“The AI company hasn’t officially announced an IPO yet, but the choice of Nasdaq is another step toward a possible public listing”x.com
  8. SUPPORT@techmeme“Anthropic has selected the Nasdaq for its potential IPO (@katie_roof / Business Insider)”x.com
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