@SemiAnalysis_: Anthropic crossed 40% of ARR from indirect channels (Bedrock, Foundry, Gemini Agent Enterprise) in 2Q26 with API and B2…

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Summary

Anthropic reported that 40% of its Annual Recurring Revenue in Q2 2026 came from indirect channels such as Bedrock, Foundry, and Gemini Agent Enterprise, with API and B2B driving net new revenue. The indirect revenue mix is monetized differently from direct channels.

Anthropic crossed 40% of ARR from indirect channels (Bedrock, Foundry, Gemini Agent Enterprise) in 2Q26 with API and B2B making up the vast majority of Net New ARR (NNARR) dollars at the labs.  The mix shift matters because indirect revenue isn't monetized the same way direct is. https://t.co/6v2Br878iG
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Anthropic crossed 40% of ARR from indirect channels (Bedrock, Foundry, Gemini Agent Enterprise) in 2Q26 with API and B2B making up the vast majority of Net New ARR (NNARR) dollars at the labs.  The mix shift matters because indirect revenue isn’t monetized the same way direct is. https://t.co/6v2Br878iG

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