Anthropic Revenue Hits $30B ARR (Up from $9B End-2025), In IPO Talks at $800B Valuation for October 2026

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Anthropic's annualized revenue surpassed $30 billion by early April 2026, tripling from $9B at end-2025, with investors now offering $800B valuations — a dramatic increase from its February 2026 round. The company is in early talks with Goldman Sachs, JPMorgan, and Morgan Stanley about a potential IPO as early as October 2026, which at a $60B raise target would exceed Saudi Aramco's 2019 listing. For the SaaS landscape, Anthropic's revenue trajectory (10,000% growth from $1B in 2024) is the single strongest proof point that AI infrastructure companies are capturing value that previously flowed to application-layer SaaS.