OpenAI revenue climbs to $6.7B in Q2 as growth pace outstrips most tech companies

OpenAI generated $6.7 billion in revenue during the second quarter of 2026, up from $5.7 billion in the first quarter, according to reporting by the Wall Street Journal. For a company that brought in roughly $3.7 billion across all of 2024, that quarterly figure alone says something about how fast this market is moving. CFO Sarah Friar added a notable data point: by July 2026, the company’s annualized recurring revenue had already exceeded the entire Q2 total, suggesting the momentum carried straight into the third quarter. The numbers in context To put the trajectory in perspective, OpenAI’s full-year 2025 revenue came in at $13.07 billion. The company is now on pace to clear that annual figure in roughly two quarters. Consumer subscriptions, driven primarily by ChatGPT’s paid tiers, account for around 70% of revenue. Enterprise adoption has grown to represent over 40% of the mix as of mid-2026, with GPT-5.6 series models and ChatGPT’s business-facing products cited as the core growth drivers. The cost side of the ledger is less comfortable reading. OpenAI burned through $3.7 billion in cash during Q1 2026 alone, a figure that represented more than half of that quarter’s revenue. ...