02 / 11 · Misconception #1: The Revenue
What a Run-Rate Is
One recent stretch of revenue, stretched across a year. Q2 2026’s $11.5 billion times four is about $46 billion, close to the run-rate Anthropic reported in May.
From the article Inside Anthropic's $518 Billion Bet →
Tap to enlarge SourceQ2 2026 revenue: Bloomberg. May 2026 run-rate: Anthropic. The annualised figure is our arithmetic.