Goldman Sachs Forecasts Anthropic Revenue of $685 Billion by 2030

Nov 11, 2026
Goldman Sachs analysts reportedly project Anthropic's annual revenue will reach $685 billion by 2030, nearly 150 times its 2025 sales.

Analysts at Goldman Sachs project that Anthropic will reach $685 billion in annual revenue by 2030, Bloomberg reported, according to PYMNTS. That would be nearly 150 times the $4.59 billion in sales Anthropic had last year.

According to a person familiar with the matter cited in the report, Goldman expects enterprise customers to account for $586 billion of 2030 sales and non-enterprise revenue for about $100 billion.

The analysts expect Anthropic to need until the end of the decade to generate positive annual free cash flow, with compute infrastructure spending rising more than tenfold through 2030. Anthropic aims to raise $90.4 billion in its IPO, including a $26 billion private placement, which Bloomberg's calculations put at a $1.4 trillion valuation.

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