“My central case has Anthropic's ARR reaching $115B by May 2027 (p10 $85B, p90 $162B), with Claude Code contributing about $18.5B, the IPO pricing around November 24, 2026, and a $1.65 trillion market cap 90 days after its IPO.”
Said Oct 26, 2026Deadline May 31, 2027FutureSearch, 'Anthropic Revenue, ARR and Valuation Forecast, 2026 to 2027', first published May 28, 2026, re-run October 26, 2026 (the day Anthropic filed its S-1 publicly)
Forecast made the day Anthropic's S-1 became public (Q2 2026 revenue of $11.6B and first operating profit); resolves on Anthropic's reported ARR in May 2027 and on its market capitalization 90 days after the IPO.