Xanadu Quantum Technologies reported a $0.14 loss per share but missed revenue estimates for the second quarter.
Xanadu Quantum Technologies (XNDU) shares declined 7% after its second-quarter earnings beat expectations but revenue fell short. The company reported a GAAP loss of $0.14 per share, exceeding analyst estimates by $0.03.
Revenue growth did not meet projections, despite the narrower-than-expected loss. Analysts had anticipated stronger top-line performance, reflecting ongoing challenges in scaling the photonic quantum computing business.
The stock’s decline reflects investor focus on revenue trends over earnings adjustments.