Anthropic expects long-term adjusted operating margin to exceed 35%

Anthropic said it expects its long-term adjusted operating margin to exceed 35%, setting an ambitious profitability target for the AI developer. The guidance signals management's confidence in scaling revenue, though it also underscores the challenge of balancing growth against substantial compute costs. The margin figure is adjusted, meaning it excludes certain items, and the company did not specify a timeline for reaching the threshold. The target matters as a benchmark for investors assessing whether AI labs can convert rising demand into durable profits despite heavy infrastructure spending. What to watch next is how Anthropic's revenue growth and compute expenses track against the 35% goal, and whether peers adopt similar long-term margin targets.