Anthropic is reported to have made $33.1 billion through 3 quarters, I would consider it fair to say that $60 billion is very unlikely At this point, as they’d have to make $11b more in Q4 than Q3 and their growth looks to be slowing a lot

I bought M50 NO. My estimate is about 60% NO, with substantial uncertainty.

Bloomberg reported Q1 revenue of $4.73B and preliminary Q2 revenue above $11.5B. FT's October 14 headline reports $16.8B for Q3. Using $11.5B as the Q2 baseline gives about $33.0B through September, implying roughly $27.0B needed in Q4 to exceed $60B, or about 60% sequential growth. These figures are preliminary/reported, and I have not verified a consistent audited GAAP basis across all three quarters.

Repeating the approximately 46% Q2-to-Q3 growth rate would put full-year revenue near $57.6B. Faster growth remains entirely possible. A year-end annualized run rate above $100B would not itself establish $60B of full-year revenue. I am not treating gross-versus-net accounting differences as automatically non-GAAP.

The resolution wording is ‘2026 GAAP Financials,’ so this may remain unsettled until 2027 reporting. Sources:

https://news.bloomberglaw.com/artificial-intelligence/anthropic-revenue-surges-to-over-11-5-billion-in-second-quarter

https://www.ft.com/content/11632d03-358c-454b-af95-d06d4072932b