Anthropic generated 48% of its revenue in the first half of 2026 through cloud marketplace sales from Google, Amazon and Microsoft, up from 11% in 2023, according to its IPO filing published Monday. The company paid channel partners, including the cloud providers, $2.7 billion more than a year earlier; the providers bill customers and pass payments to Anthropic after deducting their fees. Anthropic reported second-quarter sales of $11.6 billion and an operating profit of $974 million. Amazon has invested about $18 billion and Google about $23 billion, and Anthropic has committed to spend at least $114.5 billion with Google through 2033, $110 billion with Amazon through 2036 and $44.9 billion with Microsoft. The filing warns that the cloud companies act as investors, customers, distribution partners and competitors at once, and could favor their own AI models.
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AMZN
▲ Likely positiveAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/23/2026 | 248.04 |
| Change that session | -0.93% |
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▲ Likely positiveAlphabet Inc. (Class A)
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| Market | US stocks |
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| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/23/2026 | 320.25 |
| Change that session | -1.22% |
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▲ Likely positiveMicrosoft
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| Market | US stocks |
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| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/23/2026 | 524.53 |
| Change that session | +0.66% |
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