Xanadu Quantum Technologies Ltd Class B

Xanadu Quantum reported revenue of USD 1.5 million in the second quarter of 2026 (Q1: 2.8 million; +36.4% y/y) and an adjusted EBITDA loss of CAD 21.3 million versus CAD 13.9 million in the prior quarter. R&D expenses rose to USD 19.7 million, the company expanded manufacturing and staff, and reached an optical loss of 0.085 dB per facet as a technical milestone. Cash and cash equivalents totaled CAD 312.8 million, and there is additional access to an equity facility of up to CAD 300 million. Management announced a further acceleration of R&D spending, a detailed roadmap to reduce losses, and increased capex in the second half of 2026. » More on de.investing.com

Xanadu and Lockheed Martin are deepening their collaboration and integrating Xanadu’s quantum programming platform PennyLane into Lockheed Martin’s “Quantum Talent Pipeline” training program. Engineers will gain access to tutorials, learning paths, workshops, and Xanadu’s quantum simulators and hardware to learn quantum programming and algorithms. The program will be expanded to additional engineering groups and complements an existing research collaboration in quantum machine learning. » More on de.investing.com

Xanadu Quantum reports an algorithmic breakthrough in quantum read-only memory (QROM) that nearly halves the number of expensive Toffoli gates for limited qubit sizes, addresses hardware bottlenecks, and makes sequences in QROM modules more efficient. The optimization replaces costly qubit swapping with a copy mechanism and is intended to reduce cost and complexity for fault-tolerant, industrial-scale quantum computers. Additionally, the company agreed a up-to-$300 million at-the-market equity facility with YA II PN, Ltd. over three years and plans an F-1 registration with the SEC; the stock rose about 5.7% in premarket trading. » More on de.investing.com