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Quantum Computing 1 May 2026 - 15 May 2026

Xanadu Quantum Technologies Stock Gets Its First Public Earnings Test—and Losses Still Rule

Xanadu Quantum Technologies Stock Gets Its First Public Earnings Test—and Losses Still Rule

Xanadu Quantum Technologies Limited posted first-quarter revenue of $2.8 million, up sharply from $0.7 million a year ago, but losses also deepened. The company said net loss increased to $20.6 million, or 28 cents per share, compared with $12.2 million, or 22 cents, in the prior-year period. The results, released Thursday, offer an early glimpse at the mounting costs tied to bringing its photonic quantum-computing business to the public markets.
D-Wave’s Bookings Spike Keeps QBTS in Play, but the Revenue Math Still Has to Catch Up

D-Wave’s Bookings Spike Keeps QBTS in Play, but the Revenue Math Still Has to Catch Up

D-Wave Quantum dropped its key number for investors ahead of Tuesday’s open: bookings surged to $33.4 million in the first quarter, a staggering 1,994% jump from the same period last year. That leap got a major lift from Florida Atlantic University’s $20 million order for a system, plus a $10 million, two-year quantum computing-as-a-service contract with a Fortune 100 client. Bookings represent customer orders likely to convert into future revenue—they’re not revenue recognized yet.
IonQ’s Blowout Quarter Still Leaves Wall Street With One Big Question

IonQ’s Blowout Quarter Still Leaves Wall Street With One Big Question

IonQ bumped up its full-year revenue guidance after notching record first-quarter sales, giving investors a clearer sense of whether the quantum-computing specialist can turn interest in its systems into broader commercial gains. The company now forecasts 2026 revenue between $260 million and $270 million, a jump from its previous range of $225 million to $245 million. First-quarter revenue landed at $64.7 million, well ahead of the $49.7 million analyst consensus collected by LSEG.
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