Anthropic reported positive adjusted operating income for the second consecutive quarter. The company shared these financial figures with a select group of investors ahead of its planned listing on the Nasdaq exchange.
The reported profitability excludes significant expenditures, specifically the costs associated with training new AI models and the revenue shares paid to partners like Amazon. The company maintains gross margins exceeding 80 percent when these specific costs are omitted.
Revenue growth remains a primary focus, with sales reaching $11.5 billion in the second quarter. This figure represents a 14-fold increase compared to the same period in the previous year.
To support future development, Anthropic secured a deal with Google and Broadcom for 3.5 gigawatts of compute capacity, with the infrastructure expected to come online in 2027. CFO Krishna Rao described this as the firm's largest compute commitment to date.
CEO Dario Amodei recently advocated for a deceleration in AI model development. Following these comments and the disclosure of profit figures, market observers like Michael Burry questioned the timing, suggesting the narrative serves to generate hype ahead of the upcoming IPO.
