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Expert Opinion · October 15, 2026 · 1 min read

Expert Opinion: Holger Mueller on Anthropic’s Q3 Numbers

The Constellation Research analyst says the figure is 'circled by tons of questions' and may be about presentation before an IPO.

Expert Opinion: Holger Mueller on Anthropic’s Q3 Numbers

Analyst Holger Mueller of Constellation Research told SiliconANGLE that Anthropic's reported $16.8 billion third-quarter revenue is "still circled by tons of questions about how it was arrived at," and that it is "all about making it look good ahead of its IPO," with true profit and growth metrics "still just guesswork."

His comments reflect the open issues in the reporting: an anonymous source, unclear gross versus net treatment and an undefined adjusted profitability. Anthropic, as a private company, is not required to disclose these figures.

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Source: SiliconANGLE

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AIBW Desk
Contributing Analyst

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