[Anthropic Expected to Achieve $559 Million Profit in Q2, Leading OpenAI as the First to Reach Quarterly Profitability] According to monitoring by Beating, Anthropic disclosed to investors that its revenue for Q2 2026 is projected to reach $10.9 billion, doubling from $4.8 billion in Q1, with an operating profit of $559 million. This positions Anthropic ahead of OpenAI and xAI, making it the first cutting-edge AI lab to achieve quarterly profitability. Competitors are still grappling with significant losses due to the high costs of model training. SpaceX's latest prospectus revealed that its merged xAI business has incurred $6.4 billion in operating losses. OpenAI has informed investors that it does not expect to break even until 2030 and plans to invest over $600 billion in expanding computational capacity before then. Profitability has not slowed Anthropic's pace of hardware investment. Anthropic has signed a $15 billion annual compute leasing agreement with SpaceX and has entered into potential collaborations worth hundreds of billions of dollars with Google and Amazon. Anthropic is nearing the completion of a $30 billion financing round, which will raise its post-investment valuation to $900 billion. Last year, Anthropic hired the law firm Wilson Sonsini to prepare for an IPO, accelerating plans for a public offering within this year. [Original Link]