OpenAI told investors its annualized revenue was nearing $50B at the end of September, which is $20B lower than the $70B figure reported after Dev Day on Sept 29. The Financial Times reported the discrepancy stemmed from investor attempts to compare OpenAI with Anthropic by adding estimated cloud partner sales from providers like AWS and Google Cloud, which OpenAI does not include. Despite the gap, the company's run rate grew more than 70% recently and crossed $40B in August after ending 2025 above $20B.
Tuesday, October 20, 2026
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OpenAI's $20B Revenue Correction Sparks Tech Selloff
Earnings12 days ago
Shares of Oracle fell more than 5% and CoreWeave dropped nearly 7% after figures emerged showing the developer of ChatGPT lagged behind growth estimates. Losses spread to Nvidia, AMD, and Microsoft, and the Nasdaq index tumbled as the revenue news shook confidence in AI infrastructure spending. OpenAI's own perpetual futures fell approximately 6% on the Entropy trading platform following the report, though some small-cap and S&P 500 equal-weight stocks rallied as investors rotated assets.
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