Xanadu Quantum Technologies Ltd. (NASDAQ:XNDU) posted its third-quarter fiscal 2026 results after Wednesday’s closing bell, missing estimates on the top and bottom lines. Here’s a look at the details.
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Xanadu Q3 Details
Xanadu Quantum reported quarterly losses of 11 cents per share, which missed the Street estimate for losses of 10 cents, per Benzinga Pro data.
Quarterly revenue came in at $1.31 million, which missed the consensus estimate of $2.22 million.
“Loss is the engineering challenge between Xanadu and a utility-scale quantum computer, and we continue to go after it from every direction: more tapeouts, better components, and manufacturing partners who can help us push further,” said Dr. Christian Weedbrook, CEO of Xanadu.
“The partnerships, tooling, and facilities we are adding are designed to shorten the time between a design change and a measured improvement, and we plan to keep building toward a quantum data center,” Weedbrook added.
XNDU Stock Price: According to data from Benzinga Pro, Xanadu stock was down 7.86% to $2.58 in Wednesday’s extended trading.
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