Anthropic is telling investors ahead of a potential IPO that it aims to generate about $190 billion to $200 billion in revenue by 2028, according to a Reuters report on August 16 citing people familiar with the matter. Bloomberg separately reported that documents it viewed showed more than $11.5 billion in preliminary revenue for the quarter ended June 30, 2026, versus at least $10.9 billion in other investor materials, up from $787 million a year earlier and $4.73 billion in the first quarter, alongside the company's first positive adjusted operating income since inception and a presentation that said quarterly operating profit could reach $559 million. Separately, prediction markets were pricing Anthropic at a 41% implied probability of producing the largest IPO of 2026, with $27.3K in liquidity, though no final offering details had been announced.