Anthropic has filed its S-1 registration statement, plans to list on Nasdaq under the ticker ANT, and is reportedly looking to raise $100 billion at a valuation of up to $2 trillion. Second-quarter 2026 revenue reached $11.6 billion, compared with $787 million in the same quarter of 2025 and roughly $4.7 billion in the prior quarter; first-half revenue totaled nearly $16.3 billion, a 12.5-fold increase year on year. The filing lists spending commitments on compute and infrastructure totaling $637 billion, the largest being $161.2 billion with Broadcom for TPU compute capacity over five years. First-half gross margin was 85% based on the reported cost of revenue, while R&D costs of about $9.7 billion and sales and marketing costs of $3.8 billion sit outside cost of revenue. In the third quarter, 79% of revenue came from customers outside the top five, and no single customer accounted for more than 10% of revenue in the nine months ending Sept. 30.
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
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