Anthropic reports $17 billion revenue and $895 billion commitments

Anthropic reported $16.96 billion in third-quarter revenue in an amended IPO filing, while disclosing an operating loss and nearly $895.4 billion in purchase and lease commitments, mostly for computing and infrastructure. Revenue for the three months ended September 30, 2026, rose 47% from the previous quarter and about 1,127% from a year earlier, according to the filing dated November 2. The quarterly growth rate slowed from 144% in the second quarter and 132% in the first. The company recorded a $567 million operating loss, reversing $974 million in operating income in the second quarter. Anthropic attributed some of the higher costs to $5 billion spent on short-term computing capacity after demand exceeded the capacity available under longer-term agreements. It said short-notice capacity costs more. Adjusted operating income was $2.5 billion, with an adjusted margin of 15%, down from 19% in the prior quarter. Anthropic’s third-quarter net loss was $23.29 billion. For the first nine months of 2026, it reported revenue of $33.24 billion and a net loss of $104 billion. The filing attributed most of the nine-month loss to noncash valuation charges, including changes in the...