Anthropic revenue rose 45% to $16.8 billion, but growth slows

On Wednesday, October 14, Anthropic gave its third quarter results to current and possible investors. Revenue rose 45% to $16.8 billion, up from $11.6 billion in the second quarter, CNBC reported. In the first quarter, revenue was $4.7 billion. The rate of growth fell, but the price of AI stocks is for a rate that continues to increase.

What is new

The growth is fast, but it is slower than before. The first quarter of 2026 alone was more than all of 2025.

The numbers

Anthropic reported $4.6 billion in revenue for 2025 and $386 million for 2024, Morningstar says. The first quarter of 2026 was $4.7 billion, the second was $11.6 billion and the third was $16.8 billion.

What the other side says

Samana says investors hoped for fast growth that becomes faster. At this time it is only fast. Samana says AI companies continue to be fast, but the price of stocks is for a faster pace. The source gives no profit data and no plan for the next quarter.

Insight: Slower growth meets a large bill for data centers

Gartner says that owners of AI data centers must have $8.5 trillion in revenue through 2030 to pay for their plans. It says the revenue will be $3.6 trillion at most. It also says that more than 80% of neocloud providers, which rent AI computing, will stop operation. This reads as a squeeze: plans for AI computing are made for faster growth than the numbers show. The fourth quarter is the next test.