OpenAI Q2 revenue grows 18% QoQ to $6.7B while Anthropic doubles to $11.6B
shaunralston · x · 2026-10-17
Per The Wall Street Journal, the revenue gap is widening fast:
- OpenAI's Q2 revenue rose 18% QoQ to $6.7B, with operating margins sinking further into the red ahead of a highly anticipated IPO;
- Anthropic's revenue doubled sequentially to $11.6B — nearly 2x OpenAI — while delivering a small operating profit;
- Drivers: slowing ChatGPT growth vs. Claude Code's success; some shareholders are disappointed by OpenAI's pace in catching up;
- Ripple effects: companies like Oracle and Microsoft that rely heavily on OpenAI business are in investors' crosshairs.
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