$XNDU

Xanadu (XNDU) reported a quarterly update saying it reduced edge-coupling loss to 0.085 dB per facet and increased thin-film lithium niobate and silicon nitride fabrication by about 75% and 50%. It said the remaining aggregate optical-loss gap is 5-10x, with $312.8M cash plus $67.2M from ATM proceeds supporting the roadmap. PennyLane expanded via QROM and partner training.

Xanadu Quantum Technologies (NASDAQ:XNDU) shares fell about 8% after Q2 results beat earnings but missed revenue expectations. The company reported a GAAP loss of $0.14 per share and revenue of $1.51 million, up 42.5% YoY but about $0.49 million below consensus. Net loss widened to $42.1 million; cash was $312.8 million after raising $67.2 million.

Xanadu Quantum Technologies reported Q2 revenue up to CAD 1.5 million from CAD 1.1 million year over year, but down from CAD 2.8 million sequentially. DARPA Stage B drove revenue. Cash rose to CAD 312.8 million after a synthetic equity offering. Capex was about CAD 6.4 million; adjusted EBITDA loss widened to CAD 21.3 million.

A Thursday small-cap watchlist cites gains in Canada’s S&P/TSX Small Cap Index and the U.S. Russell 2000. It highlights earnings and guidance updates for Propel Holdings (PRL-T), Kinaxis (KXS-T), Thinkific (THNC-T), Savaria (SIS-T), Doman Building Materials (DBM-T) and Xanadu Quantum (XNDU-T), including Propel’s dividend increase and Kinaxis raising fiscal 2026 revenue guidance.

Wall Street analyst calls covered Ford (F) upgraded to Buy at Citigroup with a $20 target, Caterpillar (CAT) cut to Neutral at Baird with a $900 target, and Reddit (RDDT) initiated as Overweight at KeyBanc with a $225 target. Other moves included Bloom Energy (BE) Buy at $290 and Texas Instruments (TXN) Buy at $405. Market context cited a Dow gain and lower oil.

The article reviews four newly public quantum computing firms: Quantinuum (QNT), Xanadu (XNDU), Horizon Quantum (HQ), and Infleqtion (INFQ). It notes QNT’s trapped-ion Helios commercialization and fiscal 2026 Q1 revenue of $5.2M (-73% YoY), INFQ’s Q1 revenue of $9.5M (+14% YoY) and 2026 outlook raised to at least $40M, plus recent partnerships and losses for XNDU and HQ.

Xanadu Quantum Technologies (NASDAQ: XNDU, TSX: XNDU) said it will report second-quarter 2026 financial results on Aug. 5, 2026 after market close. The company will hold a conference call that day at 4:30 PM EDT to discuss results and outlook, with live webcast and phone access. An archived webcast will follow on its website.

Xanadu Quantum Technologies (NASDAQ/TSX: XNDU) and Lockheed Martin (NYSE: LMT) said they are expanding Lockheed Martin’s Quantum Talent Pipeline to scale quantum training. The program uses Xanadu’s PennyLane quantum programming stack, tutorials, workshops, and access to simulators. Xanadu’s CEO and Lockheed’s quantum lead cited workforce readiness for aerospace and defense.

Xanadu Quantum Technologies (NASDAQ/TSX: XNDU) said it is expanding U.S. operations, with a growing office presence in Albany, New York, plus growth in the San Francisco Bay Area and a distributed footprint across 19 states. It reported its U.S. workforce grew more than fivefold since 2023 and expects further increases by year-end. The company cited Aurora and GKP qubit progress and partnerships with Corning, Applied Materials, DISCO, and EV Group.

Xanadu Quantum Technologies shares fell about 10% this week, according to S&P Global Market Intelligence. The stock had surged after its late-March SPAC merger but retraced toward its merger price. The decline followed insider selling, including Millennium Management trimming a disclosed 5% stake to under 0.2%, and the company’s $300 million at-the-market share offering.