OpenAI Revenue Targets $70B Run Rate as Funding Plans Grow

OpenAI’s revenue run rate reached about $50 billion by late September 2026, up from more than $40 billion in August and around $20 billion at the end of 2025. The company reported 77% overall run-rate growth in the third quarter, while enterprise revenue more than doubled since July. OpenAI now reportedly aims for a run rate of at least $70 billion by December—about 40% above September’s level. This annualized pace is not a forecast of total 2026 revenue. OpenAI revenue estimates differ partly because the company counts only its share of cloud-partner sales, unlike methods that include gross sales. The gap with investor estimates of roughly $70 billion was followed by declines in AI-linked shares, including Oracle and Nvidia. OpenAI is also reportedly discussing a funding round of at least $30 billion at a potential $1.4 trillion valuation, after raising about $122 billion in March; an IPO is expected in 2027. Its heavy spending on computing infrastructure and model development remains a key concern as investors weigh AI growth against capital costs.