Anthropic's reported 2028 revenue projection becomes the centre of IPO valuation

Private projections from unnamed sources put 2028 revenue at about US$190-200 billion, with an annualised run rate of US$47 billion in May, reports said on August 15, 2026 AEST; Anthropic did not comment. Bankers are considering forward revenue multiples and public comparables.

These are neither audited results nor company guidance. Inference cost, customer concentration, gross-to-net reporting, capex commitments and multiple compression need stress-testing.