Anthropic told investors its quarterly revenue reached $16.8 billion in Q3, up from $11.5 billion in Q2. It reported an adjusted operating margin of 11% and earned $1.70 for every dollar spent on computing power. Anthropic said it had sharply reduced model distillation, which previously made up 5% to 7% of revenue.
ORIGINAL LINK: https://simonwillison.net/2026/Oct/15/anthropic-tells-investors/
