Canada · Delayed Price · Currency is CAD Xanadu Quantum Technologies Earnings Call Transcripts
Fiscal Year 2026
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Q2 saw advances in photonic chip packaging, expanded U.S. operations, and deepened industry partnerships. Revenue declined sequentially but rose year-over-year, with increased R&D and CapEx supporting growth. Cash position remains strong at CAD 312.8 million.
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Revenue grew to CAD 2.8 million, driven by DARPA and government grants, while R&D investment accelerated to support quantum hardware and software milestones. Strong cash position and new partnerships position the company for scaling toward a quantum data center by 2029-2030.
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A major transaction will provide significant capital and public market access, supporting the build-out of a utility-scale photonic quantum computer by 2029–2030. The company’s differentiated technology, strong partnerships, and robust financial backing position it as a leader in scalable, room-temperature quantum computing, with broad industry impact expected.
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A business combination will provide over $499 million in funding to accelerate the deployment of a scalable, photonic quantum computer and the commercialization of PennyLane software. Xanadu is positioned as the only public photonic quantum computing company, with strong government support, industry partnerships, and a leading software platform.