CrowdStrike ARR Tops $5.2B as Anthropic Approaches $20B Revenue Run Rate

Senate to vote on Trump's Iran war decision amid widening conflict

Mar. 4, 2026 at 11:33am

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CrowdStrike reported strong Q4 results, with annual recurring revenue (ARR) surpassing $5.2 billion, up 24% year-over-year. Meanwhile, AI firm Anthropic is on track to generate nearly $20 billion in annual revenue, more than doubling its run rate from $9 billion at the end of 2025. However, Anthropic's momentum faces uncertainty after a dispute with the Pentagon over restrictions on the use of its AI.

Why it matters

The growth of CrowdStrike and Anthropic highlights the increasing importance of cybersecurity and artificial intelligence in the tech landscape. CrowdStrike's success demonstrates the continued demand for its security solutions, while Anthropic's rapid revenue expansion underscores the rising prominence of AI technology. However, Anthropic's clash with the Pentagon over AI usage raises concerns about the potential regulatory and political challenges facing the industry.

The details

CrowdStrike reported adjusted earnings per share of $1.12 for the fourth quarter, beating the consensus estimate of $1.10. Revenue increased 23% year-over-year to $1.24 billion, slightly above expectations. Anthropic, now valued at about $380 billion, recently topped $19 billion in run-rate revenue, more than doubling its $9 billion run rate from the end of 2025. However, Anthropic's momentum faces uncertainty after Defense Secretary Pete Hegseth labeled the company a U.S. supply-chain risk following a dispute over restrictions on the Pentagon's use of its AI for surveillance and autonomous weapons.

  • CrowdStrike reported its Q4 fiscal 2026 financial results on March 4, 2026.
  • The U.S. Senate is set to vote on President Trump's decision to launch military action against Iran on March 4, 2026.
  • Anthropic recently topped $19 billion in run-rate revenue, up from $14 billion a few weeks ago.

The players

CrowdStrike

A cybersecurity firm that provides cloud-delivered protection against cyberattacks.

Anthropic

An artificial intelligence company that is on track to generate nearly $20 billion in annual revenue, more than doubling its run rate from $9 billion at the end of 2025.

Pete Hegseth

The U.S. Defense Secretary who labeled Anthropic a U.S. supply-chain risk following a dispute over restrictions on the Pentagon's use of its AI.

Chuck Schumer

The Senate Democratic leader who expressed concerns about the potential escalation of the war with Iran.

Marco Rubio

The Secretary of State who stated that the U.S. is not going to put American troops in harm's way in the conflict with Iran.

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What they’re saying

“Wars without clear objectives do not remain small. They get bigger, bloodier, longer, and more expensive.”

— Chuck Schumer, Senate Democratic leader

“We are not going to put American troops in harm's way.”

— Marco Rubio, Secretary of State

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

The growth of CrowdStrike and Anthropic highlights the increasing importance of cybersecurity and artificial intelligence in the tech landscape, but the clash between Anthropic and the Pentagon over AI usage raises concerns about the potential regulatory and political challenges facing the industry.