OpenAI’s Brockman says the company will be ready to go public in 2027 as enterprise sales become the majority
The OpenAI president said annualized revenue grew 70% in the third quarter after a rough first half, driven by a takeoff in coding.
OpenAI President Greg Brockman said on Wednesday that the company now generates the majority of its revenue from enterprise sales1,8. He said the company will be ready to go public in 20276,7.
Brockman said OpenAI had a rough first half of the year but experienced a revenue inflection in the third quarter2. He said the company’s annualized revenue grew 70% in the third quarter4. The turn followed a takeoff in coding2.
Brockman made the comments at the Wall Street Journal’s technology conference, where he discussed what it takes to build and fund next-generation AI3. He said businesses now bring in most of OpenAI’s revenue6, and that the company earns most of its revenue from enterprise customers7.
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Why it matters to investors
The shift in revenue mix matters for how OpenAI would be valued as a listed company. Businesses now bring in most of its revenue6, and enterprise sales now make up the majority5, and Brockman discussed the evolution of ChatGPT’s business3.
The IPO timetable gives public-market investors a date to plan around. Brockman’s comments, made at a Wall Street Journal technology conference, covered what it takes to build and fund next-generation AI, from infrastructure to ChatGPT’s business evolution3. OpenAI is backed by Microsoft7.
Brockman acknowledged that the first half of the year was rough before the third-quarter turn2,4. Enterprise customers now outpace the rest of the business7.
The 70% growth figure4 is the clearest number Brockman offered, and it covers a single quarter of annualized revenue rather than a full year.
Brockman’s account of the year has two halves. He described the first half as rough2, then pointed to annualized revenue growth of 70% in the third quarter4, and he said enterprise sales now generate the majority of revenue5,8.
What to watch
The next marker is whether OpenAI keeps the 2027 readiness target6 and sets out formal steps toward a listing. Brockman said he believes the company will be ready by then1.
Investors will also watch whether growth in enterprise sales holds after the third-quarter inflection2,5, and whether the coding demand that drove it persists2.
How OpenAI funds its infrastructure, a theme Brockman addressed on stage3, will shape how investors read its path to a public offering8.
Any IPO plan would also put OpenAI’s ties with its backer Microsoft7 under closer public scrutiny.
Sources
- OpenAI , ready to IPO in 2027, now counts majority of sales from enterprises, Brockman says, reuters.com (2026-11-05)
- OpenAI Had ‘Rough’ First Half of Year Before Coding Takeoff, Brockman Says - WSJ, wsj.com (2026-11-05)
- OpenAI Co-Founder Greg Brockman at WSJ Tech, wsj.com (2026-11-05)
- Brockman: OpenAI Q3 annualized revenue grew 70% after rough H1 | AI Weekly, aiweekly.co (2026-11-05)
- OpenAI’s Enterprise Sales Take Majority as Brockman Sees IPO Readiness - Unite.AI, unite.ai (2026-11-05)
- OpenAI will be ready for an IPO in 2027, says Greg Brockman - TNW, thenextweb.com (2026-11-05)
- Market Chatter: OpenAI President Sees IPO in 2027 as Enterprise Business Outpaces ..., ca.finance.yahoo.com (2026-11-05)
- OpenAI , Ready to IPO in 2027, Now Counts Majority of Sales From Enterprises, Brockman Says, money.usnews.com (2026-11-05)
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