Anthropic's single $16.8B quarter is more than 3.6 times its revenue for all of 2025.
Back to the trend of the hour: Claude AI maker earns $16.8 billion in three months, eyes stock market
Poly Rating · from the trend of the hour
Top 10 AI Companies by Latest Revenue, 2026
The AI companies and AI businesses bringing in the most money right now, and how each one counts it.
- No. 1: Anthropic
- 10 places
- 5 AIs
01Final list
5 AIs each built their own list of ten independently. Here is one result that is easy to check: every place has a reason, a source, and the list of AIs that included it.
A bright badge means this AI put the entry on its list. A dim badge means it did not.
- 1
Anthropic
$16.8B of booked revenue in Q3 2026, up 45% from Q2, profitable on an adjusted basis, mostly from business and API customers.
Included it: ChatGPT, Claude, Gemini, Grok, Kimi.In their lists: ChatGPT: 1 · Claude: 1 · Gemini: 3 · Grok: 5 · Kimi: 2
What each AI noted 5
- ChatGPTplace 1
$16.8B actual Q3 2026 revenue, or $67.2B at four times the quarter; up 45% quarter on quarter; claims adjusted operating profit excluding stock compensation; chiefly business Claude, Claude Code and API sales.
Source ↗ - Claudeplace 1
Q3 2026 recognized revenue of $16.8B (about $67B annualized, my calculation), up about 45% from Q2's roughly $11.5B; says it was profitable on an adjusted basis (some costs excluded); revenue comes mainly from business and API customers (an analyst estimate of about 80% as of October 2025), plus Cla
Source ↗ - Geminiplace 3
Reported $16.80 billion in Q3 2026 revenue (July–September 2026), increasing 45% over Q2 ($11.60 billion), recording profitability on an adjusted operating basis for a second consecutive quarter, driven by enterprise API deployments and Claude Pro tiers.
Source ↗ - Grokplace 5
July to September 2026: $16.8 billion of revenue, about 45 percent above the prior quarter's $11.6 billion; investors were told this was profitable on an adjusted basis, with some costs left out, and most of the money comes from businesses and developers using Claude rather than personal subscriptio
Source ↗ - Kimiplace 2
Reported $16.8B in Q3 2026 revenue (actual quarterly revenue), up 45% from $11.5B in Q2; says it was profitable on an adjusted basis, excluding some costs; main source: business customers paying for Claude via API and enterprise deals.
Source ↗
5 of 5 - 2
Nvidia
$96.2B quarter, up 18%, with $59.7B profit; about $89B came from AI data-center chips.
Included it: Gemini, Grok, Kimi. Did not include: ChatGPT, Claude.In their lists: Gemini: 1 · Grok: 1 · Kimi: 1
What each AI noted 3
- Geminiplace 1
Delivered $89.00 billion in quarterly Data Center revenue (Q2 FY2027), growing 16% from the prior quarter, reporting GAAP net profitability with margins above 50%, derived primarily from enterprise AI accelerators and networking hardware.
- Grokplace 1
Quarter ended July 26, 2026: $96.2 billion of revenue, up 18 percent from the previous quarter, and GAAP net income of $59.7 billion; about $89 billion, roughly 92 percent, was data-center AI systems sold to cloud and business customers.
Source ↗ - Kimiplace 1
Reported $96.2B in quarterly revenue (quarter ended July 2026, standard GAAP accounting; $89B of it AI data-center chips), up ~18% from $81.6B the prior quarter; solidly profitable with net income around $59.7B; main source: AI chips sold to big cloud and business customers.
Source ↗
3 of 5 - 3
OpenAI
About $50B yearly pace at the end of September; still losing money; earns from ChatGPT subscriptions and business sales.
Included it: ChatGPT, Claude, Gemini, Grok, Kimi.In their lists: ChatGPT: 2 · Claude: 2 · Gemini: 5 · Grok: 6 · Kimi: 4
What each AI noted 5
- ChatGPTplace 2
$50B net annualized revenue pace reported in October 2026; quarter-on-quarter growth undisclosed; no profit claim; money comes from ChatGPT subscriptions and business/API customers.
Source ↗ - Claudeplace 2
Annualized revenue of about $50B at the end of September per Axios (it had been reported at about $70B before a difference in how partner-cloud sales are counted); unprofitable, with a loss of about $14B projected for 2026; revenue comes from ChatGPT subscriptions and enterprise and API sales, with
Source ↗ - Geminiplace 5
Achieved an annualized recurring revenue (ARR) run rate of $50.00 billion (~$12.50 billion quarterly equivalent), growing roughly 25% quarter-over-quarter, posting a net GAAP loss due to compute infrastructure costs, funded by enterprise APIs and ChatGPT subscriptions.
Source ↗ - Grokplace 6
End of September 2026: annualized revenue of about $50 billion, a yearly pace rather than one quarter's takings, counted as OpenAI's own share of sales through cloud partners; the run rate grew 77 percent in the third quarter and the enterprise run rate grew 107 percent, and these briefings did not
Source ↗ - Kimiplace 4
Annualized revenue run rate of about $50B at the end of September 2026 (a run-rate estimate, not booked quarterly revenue — roughly $12.5B per quarter implied); the run rate rose more than 70% during Q3; still loss-making amid heavy compute spending; main source: ChatGPT consumer subscriptions plus
Source ↗
5 of 5 - 4
Microsoft (AI business)
AI business running above $37B a year, up 123% from a year earlier, through Azure AI and Copilot; AI profit not reported separately.
Included it: Claude, Gemini, Kimi. Did not include: ChatGPT, Grok.In their lists: Claude: 3 · Gemini: 2 · Kimi: 5
What each AI noted 3
- Claudeplace 3
AI business run rate above $37B for the March 2026 quarter, up 123% (the briefing does not say over what period); profit on AI alone is not disclosed; money comes from Azure AI and Copilot for business customers. A division of a larger company, not a pure-play AI firm.
Source ↗ - Geminiplace 2
Generated an annualized Azure run rate exceeding $100.00 billion (~$27.00 billion quarterly), rising 7% quarter-over-quarter, reporting operating profitability with commercial cloud margins over 40%, driven by enterprise cloud and Azure OpenAI services.
Source ↗ - Kimiplace 5
Disclosed a $37B annual AI revenue run rate in April 2026 (annualized run rate, ~$9.25B per quarter implied), up 123% year over year — no quarter-over-quarter figure given; Microsoft overall is highly profitable but does not break out AI profit; main source: business customers via Azure AI and Copil
Source ↗
3 of 5 - 5
Broadcom (AI chips)
$16.7B of AI chip revenue in one quarter, up 54% from the previous quarter; the company is solidly profitable.
Included it: Grok, Kimi. Did not include: ChatGPT, Claude, Gemini.In their lists: Grok: 3 · Kimi: 3
What each AI noted 2
- Grokplace 3
Quarter ended August 2, 2026: $29.59 billion of total revenue and GAAP net income of $13.09 billion; AI chip revenue was $16.7 billion, up 54 percent from the previous quarter, from custom chips and networking sold to large technology customers.
- Kimiplace 3
AI chip revenue hit $16.7B in the quarter ended August 2, 2026 (segment revenue inside $29.6B total), up 54% from the prior quarter; the company is GAAP-profitable with $13.1B net income; main source: custom AI accelerators and networking for a handful of tech giants.
Source ↗
2 of 5 - 6
Palantir
$1.94B quarter, up 19%, with $1.06B real profit from AI software for governments and businesses.
Included it: ChatGPT, Gemini, Grok, Kimi. Did not include: Claude.In their lists: ChatGPT: 4 · Gemini: 6 · Grok: 9 · Kimi: 8
What each AI noted 4
- ChatGPTplace 4
$1.935B actual Q2 company revenue, or $7.74B at four times the quarter; up 19% quarter on quarter; $1.062B GAAP net profit; sells data and AI software to governments and businesses.
Source ↗ - Geminiplace 6
Raised full-year 2026 revenue guidance to $8.15 billion (~$2.04 billion quarterly run rate), increasing 15% sequentially, reporting GAAP net profitability, driven by long-term government contracts and commercial Artificial Intelligence Platform (AIP) software.
Source ↗ - Grokplace 9
Quarter ended June 30, 2026: $1.935 billion of revenue, up 19 percent from the previous quarter and 93 percent from a year earlier, and GAAP net income of $1.062 billion, from software sold to businesses and government agencies.
Source ↗ - Kimiplace 8
Reported $1.94B in Q2 2026 revenue (standard quarterly revenue), up 19% from $1.63B in Q1; profitable on a full GAAP basis with $1.06B net income; main source: a mix of US commercial customers (up 149% YoY) and government contracts for its AI platform.
Source ↗
4 of 5 - 7
Databricks
Above $7B yearly pace, up more than 80% from a year earlier; reports positive cash flow from business data-and-AI customers.
Included it: ChatGPT, Claude, Gemini, Kimi. Did not include: Grok.In their lists: ChatGPT: 5 · Claude: 5 · Gemini: 7 · Kimi: 9
What each AI noted 4
- ChatGPTplace 5
More than $7B company revenue run rate reported for Q2; quarter-on-quarter growth undisclosed; reports positive adjusted free cash flow, without a net-profit claim; sells enterprise data and AI software.
Source ↗ - Claudeplace 5
Revenue run rate above $7B (announced August 2026), growing over 80% year on year in Q2 (a year-on-year rate, not quarter on quarter); reports positive free cash flow, not GAAP profit; money comes from enterprise data and AI platform customers.
Source ↗ - Geminiplace 7
Surpassed a $7.00 billion annualized revenue run rate (~$1.75 billion quarterly run rate), accelerating 18% over the prior quarter, achieving non-GAAP adjusted profitability and positive free cash flow, monetized via enterprise data intelligence and lakehouse subscriptions.
Source ↗ - Kimiplace 9
Crossed a $7B annualized revenue run rate in Q2 2026 (run-rate measure, ~$1.75B per quarter implied), up from $6.9B in June and more than 80% year over year; the company says it is free-cash-flow positive (non-GAAP basis); main source: business customers paying for its data and AI platform.
Source ↗
4 of 5 - 8
CoreWeave
$2.58B quarter, up 24%, from renting AI computing power; loss-making, with a $104B order backlog.
Included it: ChatGPT, Grok, Kimi. Did not include: Claude, Gemini.In their lists: ChatGPT: 3 · Grok: 8 · Kimi: 6
What each AI noted 3
- ChatGPTplace 3
$2.575B actual Q2 revenue, or $10.3B at four times the quarter; up 24% quarter on quarter; $626M GAAP net loss despite adjusted operating profit; sells AI cloud capacity.
Source ↗ - Grokplace 8
Quarter ended June 30, 2026: about $2.6 billion of revenue, up 24 percent from the previous quarter and 112 percent from a year earlier, with a GAAP net loss of $626 million; it rents AI computing power to business customers such as labs and large firms.
Source ↗ - Kimiplace 6
Reported $2.58B in Q2 2026 revenue (standard quarterly revenue), up 24% from $2.08B in Q1; not profitable on a GAAP basis, though it guides to about $1B of adjusted operating income for 2026; main source: renting GPU cloud capacity to AI labs and enterprises, with a $104B contracted backlog.
Source ↗
3 of 5 - 9
Cursor (Anysphere)
AI coding tool running above $4B a year by June, mostly paid by businesses; SpaceX agreed to buy it.
Included it: ChatGPT, Claude, Grok. Did not include: Gemini, Kimi.In their lists: ChatGPT: 6 · Claude: 6 · Grok: 10
What each AI noted 3
- ChatGPTplace 6
More than $4B annualized sales pace in early June; company-wide quarter-on-quarter growth and profit undisclosed; coding-tool subscriptions supply the revenue, about 75% from businesses.
Source ↗ - Claudeplace 6
Run rate reportedly above $4B in early June 2026 (press-reported, unconfirmed); profitability not disclosed; money comes from developer and business subscriptions; SpaceX agreed on June 16 to buy it for $60B in stock.
Source ↗ - Grokplace 10
As of June 1, 2026: a reported revenue run rate above $4 billion a year for an AI coding product used mainly by software teams; that tally did not give a profit figure or a comparison with the previous quarter.
Source ↗
3 of 5 - 10
xAI (SpaceX's AI unit)
Fast-growing Grok and X business inside SpaceX, with Q2 revenue up 247% from a year earlier, but still losing heavily.
Included it: Claude, Kimi. Did not include: ChatGPT, Gemini, Grok.In their lists: Claude: 7 · Kimi: 7
What each AI noted 2
- Claudeplace 7
AI segment revenue of $818M in Q1 2026 (about $3.3B annualized, my calculation; 2025 total was $3.2B including X advertising); an operating loss of $6.4B in 2025; money comes from X advertising, Grok subscriptions (about 1.9M paying users) and API sales.
Source ↗ - Kimiplace 7
Reported $2.56B in Q2 2026 revenue as a segment in SpaceX's IPO filing, up 247% year over year (sequential figure not disclosed); still unprofitable with heavy cash burn; main source: Grok consumer subscriptions bundled with X Premium, plus API and enterprise deals.
Source ↗
2 of 5
02Worth knowing
What the AIs noticed while building the list.
OpenAI's yearly figure dropped from about $70B to $50B only because of how it was counted: Anthropic counts the full value of cloud-partner sales, while OpenAI counts only its own share.
Nvidia's $96.2B quarter is bigger than Anthropic's quarter and OpenAI's whole yearly pace put together.
Anthropic's profit leaves some costs out: it reported an 85% adjusted gross margin and an adjusted operating margin above 11%, with training and some other costs counted separately.
Only about 5% of ChatGPT's 900 million users pay for it, which is why business customers bring in most AI revenue.
03How we counted
In plain words, no formulas.
1The question
Top 10 AI Companies by Latest Reported Revenue
2Why this topic
Anthropic's $16.8 billion quarter makes people ask which AI companies actually earn the most money today and how fast they are growing.
3Where it applies
Global AI industry, 2026
4What we looked at
- Latest quarterly revenue or yearly run rate, with the way it is counted clearly shown
- Growth compared with the previous quarter
- Whether the company says it is profitable, and on what basis
- Main source of money, such as business customers or personal subscriptions
5Who ranked
5 AIs, each building its own list of ten independently and naming a source for every place: ChatGPT, Claude, Gemini, Grok, Kimi.
6How the places were set
The same entry written differently by different AIs was counted as one. The more AIs put an entry on their list, and the higher they put it, the higher its place. "AI agreement" shows how many of the AIs had it on their own list. Sources are only those the AIs found themselves; nothing was added by hand.
04Each AI's own list
Claude10 places · 4 notes
The same question, answered by Claude alone. The final list above combines all the AIs.
- 1Anthropic
Q3 2026 recognized revenue of $16.8B (about $67B annualized, my calculation), up about 45% from Q2's roughly $11.5B; says it was profitable on an adjusted basis (some costs excluded); revenue comes mainly from business and API customers (an analyst estimate of about 80% as of October 2025), plus Cla
Source ↗ - 2OpenAI
Annualized revenue of about $50B at the end of September per Axios (it had been reported at about $70B before a difference in how partner-cloud sales are counted); unprofitable, with a loss of about $14B projected for 2026; revenue comes from ChatGPT subscriptions and enterprise and API sales, with
Source ↗ - 3Microsoft (AI business)
AI business run rate above $37B for the March 2026 quarter, up 123% (the briefing does not say over what period); profit on AI alone is not disclosed; money comes from Azure AI and Copilot for business customers. A division of a larger company, not a pure-play AI firm.
Source ↗ - 4Amazon (AWS AI)
AWS AI run rate above $25B (company-reported); AI-only profit is not disclosed; money comes from cloud customers renting AI compute and models. A division of a larger company.
Source ↗ - 5Databricks
Revenue run rate above $7B (announced August 2026), growing over 80% year on year in Q2 (a year-on-year rate, not quarter on quarter); reports positive free cash flow, not GAAP profit; money comes from enterprise data and AI platform customers.
Source ↗ - 6Cursor (Anysphere)
Run rate reportedly above $4B in early June 2026 (press-reported, unconfirmed); profitability not disclosed; money comes from developer and business subscriptions; SpaceX agreed on June 16 to buy it for $60B in stock.
Source ↗ - 7xAI (part of SpaceX)
AI segment revenue of $818M in Q1 2026 (about $3.3B annualized, my calculation; 2025 total was $3.2B including X advertising); an operating loss of $6.4B in 2025; money comes from X advertising, Grok subscriptions (about 1.9M paying users) and API sales.
Source ↗ - 8Mistral AI
Annualized run rate of about $400M as of early 2026 (a press-sourced estimate), with a target of $1B by year end; profitability not disclosed; money comes mainly from enterprise customers and APIs.
Source ↗ - 9Zhipu AI
First-half 2026 revenue of about ¥954M (about $142M, or roughly $284M annualized, my calculation), up about 400% year on year; net loss of about ¥2B for the half; about 86.5% of revenue comes from the open platform and API.
Source ↗ - 10MiniMax
First-half 2026 revenue of $116.6M (roughly $233M annualized, my calculation), up 283% year on year; net loss of $358M; about 63% of revenue comes from its open platform and enterprise services.
Source ↗
What Claude noticed
Anthropic's single quarter of $16.8B is more than 3.6 times its revenue for all of 2025.
OpenAI's annualized revenue figure fell by about $20B in a week (from about $70B to about $50B) because the two leading labs book cloud-partner sales differently, so the leaderboard depends on accounting.
Only about 5% of ChatGPT's 900 million users pay for a subscription, which is why business customers matter so much for revenue.
Anthropic's planned IPO could rival SpaceX's record raise; it reportedly aims to list before Thanksgiving.
ChatGPT10 places · 4 notes
The same question, answered by ChatGPT alone. The final list above combines all the AIs.
- 1Anthropic
$16.8B actual Q3 2026 revenue, or $67.2B at four times the quarter; up 45% quarter on quarter; claims adjusted operating profit excluding stock compensation; chiefly business Claude, Claude Code and API sales.
Source ↗ - 2OpenAI
$50B net annualized revenue pace reported in October 2026; quarter-on-quarter growth undisclosed; no profit claim; money comes from ChatGPT subscriptions and business/API customers.
Source ↗ - 3CoreWeave
$2.575B actual Q2 revenue, or $10.3B at four times the quarter; up 24% quarter on quarter; $626M GAAP net loss despite adjusted operating profit; sells AI cloud capacity.
Source ↗ - 4Palantir
$1.935B actual Q2 company revenue, or $7.74B at four times the quarter; up 19% quarter on quarter; $1.062B GAAP net profit; sells data and AI software to governments and businesses.
Source ↗ - 5Databricks
More than $7B company revenue run rate reported for Q2; quarter-on-quarter growth undisclosed; reports positive adjusted free cash flow, without a net-profit claim; sells enterprise data and AI software.
Source ↗ - 6Cursor
More than $4B annualized sales pace in early June; company-wide quarter-on-quarter growth and profit undisclosed; coding-tool subscriptions supply the revenue, about 75% from businesses.
Source ↗ - 7Nebius
$582M actual Q2 group revenue, or $2.33B at four times the quarter; up about 46% quarter on quarter; positive adjusted EBITDA but a $190M GAAP net loss; mainly AI cloud rentals.
Source ↗ - 8Mercor
$2B gross annualized pace from June monthly sales, including contractor payments; quarter-on-quarter growth undisclosed; reported a small 2025 operating profit, with current profit undisclosed; AI labs buy expert training data.
Source ↗ - 9Z.ai (Zhipu AI)
$1.6B August monthly-annualized model/API sales pace; quarter-on-quarter growth undisclosed, though the pace rose 60% from July; reported a first-half net loss; developers and enterprises pay for API access.
Source ↗ - 10Handshake
About $1.15B gross annualized company sales pace in April, mostly AI training work; quarter-on-quarter growth and profit undisclosed; AI labs buy data created by paid experts.
Source ↗
What ChatGPT noticed
This software-and-service ranking excludes chipmakers: Nvidia alone reported $89B of data-center sales in its latest quarter.
Anthropic's $16.8B quarter was more than 3.6 times its revenue for all of 2025.
OpenAI's earlier $70B annualized figure included a grossed-up partner-sales comparison; its reported net pace is $50B.
Gross training-data sales can overstate what a vendor keeps: Mercor paid roughly 60%–70% of gross revenue to contractors.
Grok10 places · 4 notes
The same question, answered by Grok alone. The final list above combines all the AIs.
- 1Nvidia
Quarter ended July 26, 2026: $96.2 billion of revenue, up 18 percent from the previous quarter, and GAAP net income of $59.7 billion; about $89 billion, roughly 92 percent, was data-center AI systems sold to cloud and business customers.
Source ↗ - 2Micron
Quarter ended September 3, 2026: $54.23 billion of revenue, up from $41.46 billion the quarter before, and GAAP net income of $37.70 billion, led by data-center and cloud memory sold to businesses building AI systems.
Source ↗ - 3Broadcom
Quarter ended August 2, 2026: $29.59 billion of total revenue and GAAP net income of $13.09 billion; AI chip revenue was $16.7 billion, up 54 percent from the previous quarter, from custom chips and networking sold to large technology customers.
- 4Oracle
Quarter ended August 31, 2026: $19.35 billion of total company revenue, little changed from the prior quarter's $19.2 billion, and GAAP net income of about $4.7 billion; AI cloud infrastructure was $7.4 billion, up 121 percent from a year earlier, beside a large database and applications business so
Source ↗ - 5Anthropic
July to September 2026: $16.8 billion of revenue, about 45 percent above the prior quarter's $11.6 billion; investors were told this was profitable on an adjusted basis, with some costs left out, and most of the money comes from businesses and developers using Claude rather than personal subscriptio
Source ↗ - 6OpenAI
End of September 2026: annualized revenue of about $50 billion, a yearly pace rather than one quarter's takings, counted as OpenAI's own share of sales through cloud partners; the run rate grew 77 percent in the third quarter and the enterprise run rate grew 107 percent, and these briefings did not
Source ↗ - 7AMD
Quarter ended June 27, 2026: $11.54 billion of revenue, up 13 percent from the previous quarter, and GAAP net income of $2.3 billion; data-center chips were $6.7 billion, about 58 percent of sales to businesses, with PCs and gaming making up much of the rest.
Source ↗ - 8CoreWeave
Quarter ended June 30, 2026: about $2.6 billion of revenue, up 24 percent from the previous quarter and 112 percent from a year earlier, with a GAAP net loss of $626 million; it rents AI computing power to business customers such as labs and large firms.
Source ↗ - 9Palantir
Quarter ended June 30, 2026: $1.935 billion of revenue, up 19 percent from the previous quarter and 93 percent from a year earlier, and GAAP net income of $1.062 billion, from software sold to businesses and government agencies.
Source ↗ - 10Cursor (Anysphere)
As of June 1, 2026: a reported revenue run rate above $4 billion a year for an AI coding product used mainly by software teams; that tally did not give a profit figure or a comparison with the previous quarter.
Source ↗
What Grok noticed
Anthropic's $16.8 billion quarter is a faster pace than OpenAI's roughly $50 billion annualized figure, and the two are not counted the same way: Anthropic books the gross amount of cloud-partner sales, while OpenAI books its own share.
Nvidia's latest quarter, $96.2 billion, is larger than Anthropic's quarter and OpenAI's yearly run rate combined, and about 92 percent of it is data-center hardware sold to businesses.
Profit is not one thing here. Anthropic told investors it was profitable on an adjusted basis, with positive free cash flow, an 85 percent adjusted gross margin, and an adjusted operating margin above 11 percent, while training and some other costs sit outside that line.
A research estimate puts roughly 75 to 85 percent of Anthropic's recurring revenue in paid API use by businesses and developers, and only about 10 percent in personal subscriptions, which use a much larger share of the computing.
Kimi10 places · 4 notes
The same question, answered by Kimi alone. The final list above combines all the AIs.
- 1NVIDIA
Reported $96.2B in quarterly revenue (quarter ended July 2026, standard GAAP accounting; $89B of it AI data-center chips), up ~18% from $81.6B the prior quarter; solidly profitable with net income around $59.7B; main source: AI chips sold to big cloud and business customers.
Source ↗ - 2Anthropic
Reported $16.8B in Q3 2026 revenue (actual quarterly revenue), up 45% from $11.5B in Q2; says it was profitable on an adjusted basis, excluding some costs; main source: business customers paying for Claude via API and enterprise deals.
Source ↗ - 3Broadcom (AI semiconductor business)
AI chip revenue hit $16.7B in the quarter ended August 2, 2026 (segment revenue inside $29.6B total), up 54% from the prior quarter; the company is GAAP-profitable with $13.1B net income; main source: custom AI accelerators and networking for a handful of tech giants.
Source ↗ - 4OpenAI
Annualized revenue run rate of about $50B at the end of September 2026 (a run-rate estimate, not booked quarterly revenue — roughly $12.5B per quarter implied); the run rate rose more than 70% during Q3; still loss-making amid heavy compute spending; main source: ChatGPT consumer subscriptions plus
Source ↗ - 5Microsoft (AI business)
Disclosed a $37B annual AI revenue run rate in April 2026 (annualized run rate, ~$9.25B per quarter implied), up 123% year over year — no quarter-over-quarter figure given; Microsoft overall is highly profitable but does not break out AI profit; main source: business customers via Azure AI and Copil
Source ↗ - 6CoreWeave
Reported $2.58B in Q2 2026 revenue (standard quarterly revenue), up 24% from $2.08B in Q1; not profitable on a GAAP basis, though it guides to about $1B of adjusted operating income for 2026; main source: renting GPU cloud capacity to AI labs and enterprises, with a $104B contracted backlog.
Source ↗ - 7SpaceXAI (formerly xAI)
Reported $2.56B in Q2 2026 revenue as a segment in SpaceX's IPO filing, up 247% year over year (sequential figure not disclosed); still unprofitable with heavy cash burn; main source: Grok consumer subscriptions bundled with X Premium, plus API and enterprise deals.
Source ↗ - 8Palantir
Reported $1.94B in Q2 2026 revenue (standard quarterly revenue), up 19% from $1.63B in Q1; profitable on a full GAAP basis with $1.06B net income; main source: a mix of US commercial customers (up 149% YoY) and government contracts for its AI platform.
Source ↗ - 9Databricks
Crossed a $7B annualized revenue run rate in Q2 2026 (run-rate measure, ~$1.75B per quarter implied), up from $6.9B in June and more than 80% year over year; the company says it is free-cash-flow positive (non-GAAP basis); main source: business customers paying for its data and AI platform.
Source ↗ - 10Nebius
Reported $582M in Q2 2026 revenue (standard quarterly revenue; 98% from its AI cloud unit), up 46% from the prior quarter; adjusted EBITDA positive at $236M but a GAAP net loss of $190M; main source: AI cloud capacity rented to business customers.
Source ↗
What Kimi noticed
Anthropic's single quarter ($16.8B) is more than double Palantir's entire 2026 full-year revenue guidance (~$8.15B) — a sign of how fast the model makers are scaling relative to established AI software firms.
OpenAI effectively has two revenue numbers: a ~$50B annualized figure reported by the FT and a ~$70B figure shared with investors weeks earlier — a $20B gap caused purely by how 'annualized revenue' is counted, not by any change in sales.
NVIDIA's net income in one quarter (about $59.7B) is larger than OpenAI's entire annualized revenue (~$50B) — the chip supplier still captures more cash than the biggest model maker.
CoreWeave's contracted revenue backlog of ~$104B is roughly 40 times its quarterly revenue — much of the AI cloud boom is already sold, but not yet delivered or recognized as revenue.
Gemini10 places · 3 notes
The same question, answered by Gemini alone. The final list above combines all the AIs.
- 1Nvidia Corporation
Delivered $89.00 billion in quarterly Data Center revenue (Q2 FY2027), growing 16% from the prior quarter, reporting GAAP net profitability with margins above 50%, derived primarily from enterprise AI accelerators and networking hardware.
- 2Microsoft (Cloud & AI)
Generated an annualized Azure run rate exceeding $100.00 billion (~$27.00 billion quarterly), rising 7% quarter-over-quarter, reporting operating profitability with commercial cloud margins over 40%, driven by enterprise cloud and Azure OpenAI services.
Source ↗ - 3Anthropic
Reported $16.80 billion in Q3 2026 revenue (July–September 2026), increasing 45% over Q2 ($11.60 billion), recording profitability on an adjusted operating basis for a second consecutive quarter, driven by enterprise API deployments and Claude Pro tiers.
Source ↗ - 4Alphabet (Google Cloud)
Delivered $13.10 billion in quarterly revenue for Q2 2026, advancing 7% from the previous quarter, generating GAAP operating profit exceeding $1.50 billion, anchored by enterprise cloud infrastructure and Vertex AI platform consumption.
Source ↗ - 5OpenAI
Achieved an annualized recurring revenue (ARR) run rate of $50.00 billion (~$12.50 billion quarterly equivalent), growing roughly 25% quarter-over-quarter, posting a net GAAP loss due to compute infrastructure costs, funded by enterprise APIs and ChatGPT subscriptions.
Source ↗ - 6Palantir Technologies
Raised full-year 2026 revenue guidance to $8.15 billion (~$2.04 billion quarterly run rate), increasing 15% sequentially, reporting GAAP net profitability, driven by long-term government contracts and commercial Artificial Intelligence Platform (AIP) software.
Source ↗ - 7Databricks
Surpassed a $7.00 billion annualized revenue run rate (~$1.75 billion quarterly run rate), accelerating 18% over the prior quarter, achieving non-GAAP adjusted profitability and positive free cash flow, monetized via enterprise data intelligence and lakehouse subscriptions.
Source ↗ - 8Scale AI
Reached an annualized revenue run rate of approximately $1.20 billion (~$300.00 million quarterly run rate), expanding 20% quarter-over-quarter, reporting adjusted EBITDA profitability, powered by enterprise data curation, RLHF pipelines, and defense AI projects.
Source ↗ - 9Mistral AI
Reached an annualized revenue run rate of $400.00 million (~$100.00 million quarterly run rate), climbing 50% from the prior quarter, remaining net unprofitable due to model training compute expenses, monetized via enterprise API tokens and commercial weights licensing.
Source ↗ - 10Midjourney
Maintained an annualized revenue run rate of $350.00 million (~$87.50 million quarterly run rate), up 8% sequentially, remaining highly profitable on a GAAP net basis with zero outside venture debt, generated directly from consumer creator subscriptions.
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What Gemini noticed
Anthropic's sequential acceleration: Anthropic's jump to $16.8 billion in Q3 2026 represents a 45% increase from Q2 ($11.6 billion) and over 250% from Q1 ($4.7 billion), marking one of the steepest pre-IPO revenue climbs in corporate history.
Profit strategy divergence: While OpenAI absorbs heavy net GAAP losses to finance frontier model compute at a $50 billion ARR, Anthropic reported its second straight quarter of adjusted operating profitability ahead of its planned public offering.
Enterprise revenue primacy: Consumer subscription revenue has become secondary to corporate infrastructure; the majority of AI market revenues now stem from enterprise API calls, private cloud hosting, and specialized compute hardware.