Last week, Anthropic disclosed two developments: its annualized revenue surpassed $30 billion, and it signed a massive compute contract with Google and Broadcom. Together, these two events tell the same story: Claude's growth is outpacing everyone's expectations.
Revenue tripled in three months—an extraordinary pace
First, the revenue figures. At the end of 2025, Anthropic's annualized revenue stood at roughly $9 billion. By April 2026, that number had exceeded $30 billion.
In less than four months, it more than tripled.
For context: OpenAI's total revenue for all of last year was around $7 billion. Anthropic's incremental growth over a few months now exceeds the annual scale of a major AI company.
Behind this is a rapid accumulation of enterprise customers. According to The Next Web, the number of enterprise clients spending over $1 million annually on Claude has surpassed 1,000. That figure was 500 in February 2026—doubling in two months.
CFO Krishna Rao called this the company's "most important compute commitment ever," while emphasizing a "prudent approach to infrastructure expansion." The language was conservative, but the numbers tell a different story.
3.5GW of TPU capacity locked through 2031
The direct consequence of surging revenue is whether compute capacity can keep up.
Anthropic's answer was to sign an enormous procurement order: starting in 2027, it will obtain approximately 3.5GW of Google TPU capacity through Broadcom, with the contract running through 2031.
This is an expansion on existing infrastructure. In 2026, Anthropic was already using 1GW of Google TPU capacity. The new contract increases that to 3.5 times the current level starting in 2027.
What does 3.5GW represent? It's roughly the power demand of a medium-sized city. All of it dedicated to running Claude inference—essentially using the electricity of a small country to power AI conversations.
The deal is also significant for Broadcom. Analysts at Mizuho estimate that Broadcom's AI revenue from Anthropic alone will reach $21 billion in 2026 and $42 billion in 2027. A single Anthropic customer accounts for a substantial portion of Broadcom's AI chip business.
The total estimated cost of the entire infrastructure expansion ranges from $120 billion to $175 billion, with most capacity built in the United States, consistent with Anthropic's $50 billion U.S. infrastructure commitment announced in November 2025.
Three chip suppliers simultaneously
Anthropic is not betting on a single compute supplier.
Currently, Claude inference runs on three tracks simultaneously: AWS Trainium, Google Cloud TPU, and Nvidia GPU on Azure.
The logic behind a multi-supplier strategy is straightforward: AI chips are in short supply across the board. Having access to capacity from three leading cloud providers ensures both pricing power and stability. Of course, operational complexity increases, but for Anthropic's current scale, this is a necessary cost.
Where the money is going
Over the past six months, Anthropic's product lineup has become increasingly dense:
- Claude Cowork: A multi-agent desktop collaboration tool, now upgraded to an enterprise edition
- Claude Managed Agents: A cloud-deployed API suite, already in use by Notion, Asana, and Sentry
- Claude Partner Network: A $100 million fund to support the partner ecosystem
- Project Glasswing: A cybersecurity defense initiative involving 12 companies including Amazon, Apple, and Microsoft
These are not isolated product decisions. They are turning Claude into the foundation of enterprise infrastructure—shifting users from "calling an API" to "running business operations directly on the Claude platform."
The $30 billion annualized revenue is a signal that this transformation is beginning to pay off. The 3.5GW compute contract is a land grab for the next wave of growth.
Sources: Anthropic ups compute deal with Google and Broadcom amid skyrocketing demand (TechCrunch); Broadcom to supply Anthropic with 3.5 gigawatts of Google TPU capacity from 2027 (Tom's Hardware); CocoLoop; Anthropic signs biggest compute deal yet with Google and Broadcom as run rate hits $30bn (The Next Web)