Anthropic’s Q3 2026 revenue reaches $16.8 billion as slowing growth puts IPO valuation in focus
Anthropic has shown investors revenue of $16.8 billion for the third quarter of 2026. That is up about 45% from the previous quarter, though growth has slowed. Ahead of its planned November IPO, we examine the outlook for its valuation through the lenses of growth, profits, distillation countermeasures and the competitive landscape.