OpenAI Q2 revenue $6.7B, +18% QoQ, now behind Anthropic
OpenAI disclosed to investors on Aug 19 that Q2 revenue was $6.7B, up 18% QoQ, while losses deepened to $12.3B; Anthropic's $11.6B Q2 revenue and first-ever operating profit overtook OpenAI.
On August 19, 2026, OpenAI disclosed Q2 financials to investors: $6.7 billion in revenue, up from $5.7 billion in Q1, a 18% QoQ increase. Operating losses deepened to roughly $12.3 billion.It marks the first time OpenAI's quarterly revenue has been overtaken by Anthropic. Anthropic reported more than $11.5 billion in Q2 revenue, a 140%+ QoQ increase, and its first-ever operating profit. Anthropic disclosed on Aug 18 that its annualized revenue run rate had hit $65 billion by end of July.Analysts attributed the divergence to ChatGPT growth slowing versus Claude Code's faster commercialization. OpenAI told investors that Q3 growth has rebounded following the July model launches.OpenAI is currently valued at roughly $852 billion and filed a confidential S-1 on June 8. Against Anthropic's potential $2 trillion autumn IPO, OpenAI's Q2 print casts a shadow over its public-market prospects.