Anthropic has announced that its annualized revenue run rate has surpassed $300 billion, a significant increase from the $90 billion recorded at the end of 2025. The AI startup has confirmed plans to collaborate with Broadcom (AVGO.US) and Alphabet (GOOGL.US) to support its rapidly expanding operations.
The company reported accelerating demand for its Claude services this year, with over 1,000 enterprise clients now spending more than $1 million annually. This figure has more than doubled since February.
Anthropic's Chief Financial Officer Krishna Rao stated that the partnerships with Broadcom and Alphabet, initially disclosed last month, will enable the company to "build the necessary computing capacity to handle the significant growth experienced by our customer base." Annualized run rate is a common benchmark metric used by tech startups to extrapolate current sales performance to a full-year basis.
The latest data indicates that a high-profile dispute with the U.S. government has not impeded the company's growth trajectory. Anthropic is currently challenging the Pentagon's decision to designate it as a supply chain risk entity, following a deadlock between the parties regarding AI safety measures. The company had previously warned that this classification could potentially result in billions of dollars in lost revenue.
An attorney representing Anthropic recently informed a San Francisco judge that federal government actions have prompted more than 100 enterprise clients to express concerns about continuing their partnerships with the company. However, Anthropic's Chief Commercial Officer Paul Smith noted last week that some customers still respect how Anthropic "stood by its principles" in its dealings with the U.S. government.
Broadcom is developing chips using Alphabet's Tensor Processing Units (TPUs) to provide alternatives to NVIDIA's (NVDA.US) technology. According to a filing submitted by Broadcom on Monday, the company has entered into a long-term agreement with Alphabet to supply relevant chips, with supply guarantees extending through 2031.
The three companies have also expanded their strategic collaboration, securing approximately 3.5 gigawatts (GW) of computing resources for Anthropic. This partnership is scheduled to commence in 2027.
Broadcom's filing stated: "Anthropic's utilization of this expanded AI computing capacity depends on the company's continued commercial success. During this deployment phase, the parties are engaging in discussions with certain operational and financial partners."
Following the disclosure, Broadcom's stock price rose as much as 3.6% in after-hours trading. CEO Hock Tan had previously referenced this collaboration during last month's earnings call. He also indicated that Broadcom expects its AI chip sales to exceed $1 trillion next year, positioning the company as a stronger competitor to NVIDIA.
Alphabet's TPUs were originally designed to accelerate its ubiquitous search engine but now play a crucial role in creating and operating AI software. Broadcom designs complete chip solutions based on Alphabet's technical specifications, which are subsequently delivered for manufacturing.
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