Goldman Sachs models Anthropic revenue topping $600 billion by 2030
Projections shared by lead investment bank Goldman Sachs show Anthropic's annual revenue could surpass $600 billion by 2030, driven by rapid expansion despite hundreds of billions in infrastructure commitments.
Goldman Sachs projects that Anthropic will generate more than $600 billion in annual revenue by 2030, according to reporting by the Financial Times. The forecast, which was shared with a prospective investor by Goldman as the startup's lead IPO bank, represents an expansion of more than 130 times compared to Anthropic's 2025 revenue of $4.6 billion. Separate reporting from Bloomberg indicated that Goldman Sachs research analysts model the startup's revenue reaching approximately $685 billion by the end of the decade.[1][3][7][5]
The shared forecast details steep year-over-year revenue increases, estimating $52 billion in 2026, $136 billion in 2027, and $442 billion in 2029 ahead of crossing the $600 billion mark in 2030. Goldman also models Anthropic reaching operating profitability in 2029.[7][4]
Such rapid growth is expected to require massive capital deployment. The projections disclose roughly $900 billion in committed compute and infrastructure spending over the coming years. Under these requirements, Goldman expects Anthropic to burn $65.7 billion in free cash flow in 2027, remaining free-cash-flow negative until 2030, when it is projected to generate $33.6 billion. Amid circulation of the figures, Crypto Briefing reported that the forecast has sparked scrutiny over the lack of a documented paper trail ahead of the company's planned IPO.[7][4][2]
Key facts
- Goldman Sachs projects Anthropic's annual revenue will exceed $600 billion by 2030, according to the Financial Times.
- Bloomberg reported that Goldman Sachs research analysts model Anthropic revenue to reach roughly $685 billion by the end of the decade.
- The projected 2030 revenue represents an increase of more than 130 times Anthropic's 2025 revenue of $4.6 billion.
- Goldman Sachs shared revenue projections of $52 billion in 2026, $136 billion in 2027, and $442 billion in 2029 with a prospective investor.
- Anthropic has committed roughly $900 billion to compute and infrastructure spending over the coming years.
- Goldman expects Anthropic to burn $65.7 billion in free cash flow in 2027, turn an operating profit in 2029, and reach positive free cash flow of $33.6 billion in 2030.
Sources · 6 sources
- FT
Financial Times@FTPost on X ·
Anthropic is expected to make more than $600bn in revenue by 2030, up more than 130 times from its sales last year, according to projections made by the AI start-up’s lead investment bank Goldman Sachs. https://t.co/vcMTvPiYig https://t.co/8m2eeMO6mg
Open source - CB
Crypto BriefingArticle ·
The $600 billion Anthropic revenue forecast credited to Goldman Sachs has no paper trail The confusion over Anthropic's revenue forecast highlights the critical need for accurate financial reporting, especially before an IPO. The post The $600 billion Anthropic revenue forecast credited to Goldman Sachs has no paper trail appeared first on Crypto Briefing .
Open source - FT
Financial Times@FTPost on X ·
Goldman Sachs expects Anthropic revenue to exceed $600bn by 2030 https://t.co/EJVYxJVl28
Open source - TE
TechmemeArticle ·
Sources: Goldman Sachs expects Anthropic revenue of ~$52B in 2026 and $600B+ by 2030, operating profit in 2029, and positive free cash flow in 2030 (Financial Times) Financial Times : Sources: Goldman Sachs expects Anthropic revenue of ~$52B in 2026 and $600B+ by 2030, operating profit in 2029, and positive free cash flow in 2030 — Wall Street bank projects AI start-up will increase sales by 130 times — and be cash flow positive — by end of the decade
Open source - BL
Bloomberg@businessPost on X ·
Goldman Sachs research analysts are modeling for Anthropic's revenue to soar to roughly $685 billion by the end of the decade https://t.co/j1bR59gacw
Open source - *B
*Walter Bloomberg@DeItaonePost on X ·
*GOLDMAN EXPECTS ANTHROPIC REVENUE TO EXCEED $600B BY 2030: FT
Open source - WS
Wall St Engine@wallstenginePost on X ·
GOLDMAN SACHS SEES ANTHROPIC REVENUE TOPPING $600B BY 2030; 130X ITS 2025 REVENUE Goldman, the lead bank on Anthropic's IPO, shared the following revenue projections with a prospective investor. • 2025 (actual): $4.6B • 2026: $52B • 2027: $136B • 2029: $442B • 2030: Over $600B However, Goldman also expects Anthropic to burn $65.7B in free cash flow in 2027 and doesn't project positive annual free cash flow until 2030, when it forecasts $33.6B. Anthropic has roughly $900B in committed compute and infrastructure spending over the coming years.
Open source