Anthropic Revenue Surges to $30 Billion as Google and Broadcom Deal Takes Shape

TLDR

• Anthropic’s revenue run rate has surpassed $30 billion, up from $9 billion at end of 2025
• Over 1,000 business customers now spend more than $1 million annually, doubling since February
• Anthropic has signed a deal with Google and Broadcom for next-generation TPU chip capacity starting 2027
• The partnership gives Anthropic access to around 5 gigawatts of computing power
• Broadcom shares rose more than 3% following news of the filing

Anthropic’s revenue run rate has jumped from $9 billion at the end of 2025 to more than $30 billion, the company confirmed this week. The AI startup says demand for its Claude AI services has accelerated sharply in 2026.

More than 1,000 business customers are now spending over $1 million per year with Anthropic. That number has more than doubled since February alone.

To keep up with that demand, Anthropic has signed a major computing deal with Google and Broadcom. The agreement will give Anthropic access to around 5 gigawatts of computing power in total over the coming years.

Around 3.5 gigawatts of that capacity will come through Google’s tensor processing units, or TPUs, built by Broadcom. That portion of the deal is set to begin in 2027.

Broadcom and Google have also signed a long-term supply agreement for the chips that runs through 2031. Anthropic will also develop and supply custom TPUs for Google as part of that deal.

Broadcom’s chief executive Hock Tan had mentioned the collaboration during an earnings call last month. He also said Broadcom expects its AI chip sales to top $100 billion next year.

The vast majority of the new computing infrastructure will be based in the United States. Anthropic says this builds on its November 2025 commitment to invest $50 billion in American computing infrastructure.

A Legal Fight That Has Not Slowed Growth

Anthropic is currently in a legal dispute with the US government. The Pentagon declared Anthropic a supply-chain risk following a disagreement over AI safety rules.

Anthropic has warned the designation could cost it billions in lost revenue. More than 100 enterprise customers contacted the company to express doubt about continuing their work with Anthropic, according to a company attorney.

Despite that, the company says its growth has continued. Chief commercial officer Paul Smith said some customers respect that Anthropic “demonstrates its principles” in its dealings with the government.

What the Broadcom Deal Means for Chips

Google’s TPUs were originally built to speed up its search engine. They have since become a tool for building and running AI software.

Broadcom takes Google’s chip designs and turns them into fully-formed products that are sent off for manufacturing. This positions Broadcom as an alternative chip supplier to Nvidia, which currently dominates AI computing.

Broadcom shares climbed as much as 3.6% in after-hours trading following the filing. Google’s parent Alphabet rose around 1.6% in premarket trading, while Nvidia edged down 0.4%.

Anthropic’s rival OpenAI struck similar computing deals last year with Broadcom, Nvidia, and others to secure AI capacity.

Broadcom said in its filing that Anthropic’s use of the expanded compute capacity depends on the company’s continued commercial success.

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