Xanadu Quantum Technologies Limited (XNDU)

Xanadu sets new industry benchmark in photonic chip packagingJune 10, 2026 7:00 AM
PR Newswire (US) TORONTO, June 10, 2026 /PRNewswire/ - Xanadu Quantum Technologies Limited ("Xanadu") (Nasdaq: XNDU) (TSX: XNDU) today announced a new accomplishment in ultra-low loss photonic chip packaging, achieving ultra-low edge-coupling loss for its photonic chips. This marks another important milestone for the development of fault-tolerant photonic quantum computers and for Xanadu in its mission to build quantum computers that are useful and available to people everywhere.             Xanadu has successfully demonstrated an average 0.085 dB/facet edge-coupling loss, a critical metric for the feasibility and performance of photonic quantum computers. This achievement is a direct result of the convergence of Xanadu's extensive advancements in integrated photonic chip design, state-of-the-art fabrication techniques, and innovative packaging solutions."Minimizing loss is paramount to unlocking the full potential of photonic quantum computing," said Dr. Christian Weedbrook, Founder and Chief Executive Officer of Xanadu. "This loss achievement of 0.085 dB/facet is not just an incremental improvement; it represents a significant leap forward in our ability to deliver highly-efficient and scalable quantum hardware. It underscores the power of our hardware development approach, from chip design to final packaging."This new milestone was facilitated by the capabilities of Xanadu's internal advanced photonic chip packaging facility launched last year and designed to accelerate the development and production of next-generation integrated photonic platforms. Xanadu's success in achieving such critical feats has been enabled by its continued collaboration with industry partners. Notably for this particular result has been Xanadu's joint development agreement with Corning Inc to develop customized fibre and fibre-array solutions specifically engineered to enable low-loss networking of photonic quantum computing chips as well as its strong collaboration with DISCO for wafer singulation.With this latest achievement, Xanadu continues to push the boundaries of photonics and quantum technologies, consistently delivering advancements that pave the way for practical photonic quantum computing.About XanaduFounded in 2016, Xanadu is a Canadian photonic quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Xanadu is building fault-tolerant quantum computers using light, with systems designed to compute at room temperature. Backed by more than $500 million USD in funding, Xanadu develops both hardware and software, including PennyLane, its open-source quantum computing platform. Xanadu is the first pure-play photonic quantum computing company to list on public markets (Nasdaq/TSX: XNDU) and is recognized globally for its breakthroughs in scalable quantum technologies. Visit xanadu.ai or follow on X @XanaduAI. View original content:https://www.prnewswire.com/news-releases/xanadu-sets-new-industry-benchmark-in-photonic-chip-packaging-302796562.htmlSOURCE Xanadu Original: Xanadu sets new industry benchmark in photonic chip packaging

$16+ 😃

$XNDU 💹

Xanadu breakthrough lowers the cost of quantum applications

May 21, 2026

TORONTO, May 21, 2026 /PRNewswire/ - Xanadu Quantum Technologies Limited ("Xanadu") (Nasdaq: XNDU) (TSX: XNDU) today announced an algorithmic breakthrough in Quantum Read-Only Memory (QROM), a vital component for executing advanced quantum applications. This new implementation is expected to reduce the number of expensive quantum operations by approximately twofold, directly overcoming a significant hardware bottleneck that challenges near-term, utility-scale fault-tolerant quantum computers.

QROM is an algorithmic subroutine for loading classical data onto a quantum computer, and constitutes a major bottleneck for applications of quantum computers. Despite its critical importance, QROM performance had reached a plateau, with no significant improvements to the previous state-of-the-art over the last seven years. Xanadu's recent work breaks this dry spell by delivering an advancement that lowers the resource requirements for quantum applications.

The innovation specifically targets reducing the number of Toffoli gates, one of the most computationally expensive operations a quantum computer can perform. For problem sizes limited by the number of available qubits, Xanadu's implementation approximately halves the Toffoli gate count within QROM modules.

These optimizations provide cost reductions by replacing traditional qubit "swapping" methods with a "copying" mechanism for QROM. In addition to this, the new work further optimizes common sequencing of back-to-back QROM modules by removing multiple redundant data-unloading steps and replacing them with a single, efficient unloading process. Together, these two innovations allow quantum programs to load classical data through QROM at roughly half of the previous cost.

"Our team focuses on making quantum computing practical for real-world use. To reach that goal, we must find innovative ways to improve efficiency within the quantum computing stack," said Dr. Christian Weedbrook, Xanadu Founder and Chief Executive Officer. "By halving QROM costs, we are using quantum algorithm developments to reduce the cost of quantum computation for many applications, accelerating the timeline towards practical quantum computing and enabling more complex computations on near-term hardware."

This advancement offers immediate benefits for near-term utility-scale quantum computers, where making use of the limited number of available qubits is crucial to enabling industry use cases. This work marks another milestone in accelerating Xanadu towards achieving its mission: to build quantum computers that are useful and available to people everywhere.

About Xanadu
Founded in 2016, Xanadu is a Canadian photonic quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Xanadu is building fault-tolerant quantum computers using light, with systems designed to compute at room temperature. Backed by more than $500 million USD in funding, Xanadu develops both hardware and software, including PennyLane, its open-source quantum computing platform. Xanadu is the first pure-play photonic quantum computing company to list on public markets (Nasdaq/TSX: XNDU) and is recognized globally for its breakthroughs in scalable quantum technologies. Visit xanadu.ai or follow on X @XanaduAI.

Cision View original content:https://www.prnewswire.com/news-releases/xanadu-breakthrough-lowers-the-cost-of-quantum-applications-302778615.html

SOURCE Xanadu

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Link article

$XNDU 🗞️

Xanadu Announces $300 Million Synthetic At-The-Market ProgramMay 21, 2026 6:00 AM
PR Newswire (US) TORONTO, May 21, 2026 /PRNewswire/ - Xanadu Quantum Technologies Limited ("Xanadu" or the "Company"; (Nasdaq: XNDU) (TSX: XNDU), a leading photonic quantum computing company, today announced that it has entered into a synthetic at-the-market equity facility for up to $300 million (the "Program") with YA II PN, Ltd. ("Yorkville Advisors"). The Company intends to use the net proceeds, if any, for working capital and general corporate purposes.The Program provides Xanadu with the ability, but not the obligation, to issue and sell to Yorkville Advisors up to $300 million of its Class B subordinate voting shares in private placements over a term of three years, subject to certain limitations and conditions in the Standby Equity Purchase Agreement between Xanadu and Yorkville Advisors dated May 20, 2026 (the "SEPA"). The Company expects to access the Program opportunistically, based on prevailing market conditions and valuation levels it believes to be favorable to shareholder value.Any net proceeds from the Program will be received directly by the Company. The Program consists exclusively of treasury offerings by the Company, with no secondary sales by existing shareholders. In connection with the launch of the Program, the Company plans to file a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the "SEC"), to qualify the re-sale of shares issued pursuant to the Program by Yorkville Advisors in accordance with applicable U.S. securities laws."The Program will provide us with efficient and flexible access to capital as we continue scaling and executing on our long-term roadmap towards fault-tolerant quantum computing," said Michael Trzupek, Chief Financial Officer of Xanadu. "Our objective is to strategically and prudently tap the equity market to enable us to remain well-positioned to fund our growth strategy."A copy of the SEPA will be filed with the SEC (www.sec.gov) and the Canadian Securities Administrators (the "CSA") (www.sedarplus.com). The descriptions contained in this press release are summaries only, do not purport to be complete, and are qualified in their entirety by reference to the agreement furnished as an exhibit to the Company's Form 6-K filed with the SEC as of this date.This press release does not constitute an offer to sell or the solicitation of offers to buy any securities of Xanadu, and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.About Xanadu Founded in 2016, Xanadu is a Canadian photonic quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Xanadu is building fault-tolerant quantum computers using light, with systems designed to compute at room temperature. Backed by more than $500 million USD in historical funding, Xanadu develops both hardware and software, including PennyLane, its open-source quantum computing platform. Xanadu is the first pure-play photonic quantum computing company to list on public markets (Nasdaq/TSX: XNDU) and is recognized globally for its breakthroughs in scalable quantum technologies. Visit xanadu.ai or follow on X @XanaduAI.Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the U.S. federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. We have based these forward-looking statements on current expectations and projections about future events. These statements include: the Program, including its size, the intended use of net proceeds therefrom, expected benefits thereof; the filing of a resale registration statement on Form F-1; the Company's ability to continue scaling and executing on its long-term roadmap towards fault-tolerant quantum computing and the Company's objective to strategically and prudently tap the equity market to fund its growth strategy.These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of Xanadu. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such statements. Such risks and uncertainties include: that Xanadu is pursuing an emerging technology, faces significant technical challenges and may not achieve commercialization or market acceptance; Xanadu's historical net losses and limited operating history; Xanadu's expectations regarding future financial performance, capital requirements and unit economics; Xanadu's use and reporting of business and operational metrics; Xanadu's competitive landscape; Xanadu's dependence on members of its senior management and its ability to attract and retain qualified personnel; the potential need for additional future financing; Xanadu's ability to manage growth and expand its operations; potential future acquisitions or investments in companies, products, services or technologies; Xanadu's reliance on strategic partners and other third parties; Xanadu's concentration of revenue in contracts with government or state-funded entities; Xanadu's ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data protection or cybersecurity incidents and related regulations; the use, rate of adoption, and regulation of artificial intelligence and machine learning; uncertainty or changes with respect to laws and regulations; uncertainty or changes with respect to taxes, trade conditions and the macroeconomic environment; material weaknesses in Xanadu's internal control over financial reporting and the Company's ability to maintain internal control over financial reporting and operate as a public company; the outcome of any legal proceedings or government investigations that may be commenced against Xanadu; failure to realize the anticipated benefits of the business combination with Crane Harbor Acquisition Corp.; the Company's ability to issue equity or equity linked securities in the future; risks related to the Program, including the potential for substantial dilution to existing shareholders resulting from the issuance of Class B subordinate voting shares thereunder, the risk that sales of such shares or the perception that such sales may occur, could cause the price of the Company's Class B subordinate voting shares to decline; and other factors described in the Company's filings with the SEC and the CSA, which factors are incorporated by reference herein. These forward-looking statements are based on certain assumptions, including that none of the risks identified above materialize; that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings by the Company with the SEC and the CSA, including under the heading "Risk Factors." If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, these statements reflect the expectations, plans and forecasts of Xanadu's management as of the date of this press release; subsequent events and developments may cause their assessments to change. While Xanadu may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so, unless required by applicable securities laws. Accordingly, undue reliance should not be placed upon these statements.In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements. View original content:https://www.prnewswire.com/news-releases/xanadu-announces-300-million-synthetic-at-the-market-program-302778522.htmlSOURCE Xanadu Original: Xanadu Announces $300 Million Synthetic At-The-Market Program

$14+ 😃

$XNDU 💹

Xanadu Announces First Quarter 2026 ResultsMay 14, 2026 4:07 PM
PR Newswire (US) The Company is on a Mission to Build Quantum Computers That Are Useful and Available to People EverywhereTORONTO, May 14, 2026 /PRNewswire/ - Xanadu Quantum Technologies Ltd. ("Xanadu" or the "Company") (NASDAQ: XNDU) (TSX: XNDU), a leading photonic quantum computing company, today announced financial results for the first quarter ended March 31, 2026."I started Xanadu in 2016 with a whitepaper and a conviction that photonics was the right path to a scalable quantum computer. After a decade of research, peer-reviewed breakthroughs, and a public listing on Nasdaq and the TSX, I am more convinced of that than ever," said Dr. Christian Weedbrook, Founder and Chief Executive Officer of Xanadu. "We believe harnessing photons gives us a distinct and viable path to building a quantum data center capable of solving some of the world's most complex challenges — and going public gives us the platform to help get there. We are not measuring success in quarters. We are measuring it in the breakthroughs that pave the road towards utility scale quantum computing.""Our public listing marks an important milestone, and with it comes a new level of transparency into how we are building this company for the long term. We are in an investment phase — deliberately allocating capital toward the hardware, software, and talent required to realize the full potential of photonic quantum computing," said Michael Trzupek, Chief Financial Officer of Xanadu. "The completion of our business combination with Crane Harbor Acquisition Corp. in conjunction with the anticipated support from the Canadian and Ontario governments, which are currently being negotiated, gives us runway to execute on our roadmap. Our decisions and investments are all made with one goal in mind: to build quantum computers that are useful and available to people everywhere."First Quarter Business Milestones and AnnouncementsPublic listing: Xanadu became the first publicly listed pure-play photonic quantum computing company, completing its business combination with Crane Harbor Acquisition Corp. and listing on Nasdaq and the Toronto Stock Exchange under the ticker "XNDU". Government support negotiations: Entered discussions for up to roughly $285 million(1) ($390 million CAD) in funding from the governments of Canada and Ontario to advance Project OPTIMISM and domestic quantum manufacturing capabilities. The proposed support remains subject to the completion of due diligence and the execution of final agreements.Strategic collaborations and partnerships: Active relationships with AMD, Lockheed Martin, Mitsubishi Chemical, and TELUS, support the Company's path to commercialization.PennyLane momentum: Xanadu reported strong adoption of its open-source PennyLane platform, reaching over 35,000 active users and averaging 200,000 monthly downloads as of our Analyst Day.Algorithm advancements: The Company advanced its hybrid quantum-classical algorithms through its new partnership with AMD, demonstrating 20-qubit, 35-million gate quantum computational fluid dynamics simulations that delivered 25x workflow acceleration versus traditional CPUs for aerospace and engineering applications.Executive appointments: The Company announced the appointments of Michael Trzupek as Chief Financial Officer and Natalie Wilmore as Chief Legal Officer.Inaugural Analyst Day: Xanadu hosted its first analyst day showcasing technical progress, roadmap updates, and a deeper view of commercialization strategy.First Quarter Financial Highlights (1)Cash and cash equivalents were $272.5 million as of March 31, 2026Revenue increased 4x to $2.8 million, compared to $0.7 million in the first quarter of 2025Net loss was ($20.6) million, versus ($12.2) million in the prior year periodAdjusted EBITDA(2) loss increased ($3.2) million to ($13.9) million, compared to ($10.6) million in the prior year periodLoss per share of ($0.28) increased compared to ($0.22) per share in the first quarter of 2025(1) All financial figures are presented in United States Dollars unless otherwise noted.
(2) Adjusted EBITDA is a non-GAAP financial measure defined under "Non-GAAP Financial Measures," below, and is reconciled to net loss, the closest comparable GAAP measures at the end of this release. Note: Components may not sum to totals due to rounding.Anticipated Financing AgreementThe Company anticipates establishing a $300 million synthetic ATM facility (the "Program"), which would give the Company the flexibility to issue Class B subordinate voting shares over time in private placements at its discretion, subject to applicable stock exchange approval in connection with the launch of the Program. The net proceeds are expected to be used to fund the continued development of our quantum computing technology roadmap.We intend to be disciplined and strategic in our use of the Program, raising capital only when market conditions and valuation are supportive.This press release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities, in any jurisdiction in which such offer or solicitation is unlawful.Upcoming Investor ConferencesThe Company expects to participate in the following investor conferences:CIBC Technology & Innovation Conference 14.0 — May 21, 2026, Toronto, ONTD Cowen's 54th Annual TMT Conference  — May 28, 2026, New York, NYStifel 2026 Boston Cross Sector 1x1 Conference — June 2-3, 2026, Boston, MAA live webcast of each presentation will be available on the Investor Relations section of the Company's website at investors.xanadu.ai. Replays will be accessible for 90 days following each event.First Quarter 2026 Conference CallXanadu will host a conference call on Thursday, May 14, 2026, at 4:30 PM EDT to discuss the results and business outlook. The call will be available live on the Company's website. The call will also be accessible by telephone at 1-888-349-0106 (USA/Canada toll-free) or 1-412-902-0131 (International). Participants must ask to be joined into the Xanadu Quantum Technologies Ltd. (Nasdaq/TSX: XNDU) call.A telephone replay of the conference call will be available approximately 1 hour after it concludes at 1-855-669-9658 (USA/Canada toll-free) or 1-412-317-0088 (International) with access code 4363342 and will be available until 11:59 PM EDT, May 28th, 2026. Participants will be required to state their name and company upon entering the call. An archive of the webcast will also be available on the Company's website. About XanaduFounded in 2016, Xanadu Quantum Technologies Ltd. is a Canadian photonic quantum computing company with the mission to build quantum computers that are useful and available to people everywhere.  Xanadu is building fault-tolerant quantum computers using light, with systems designed to compute at room temperature. Backed by more than $500 million USD in funding, Xanadu develops both hardware and software, including Pennylane, its open-source quantum computing platform. Xanadu is the first pure-play photonic quantum computing company to list on public markets (Nasdaq/TSX: XNDU) and is recognized globally for its breakthroughs in scalable quantum technologies. Visit xanadu.ai or follow us on X @XanaduAI.Non-GAAP Financial Measures To supplement our consolidated financial statements which are prepared and presented in accordance with U.S. GAAP, we use Adjusted EBITDA, a non-GAAP financial measure, as described below, to evaluate our financial and operating performance.We define Adjusted EBITDA as net loss before interest expense, income tax expense (benefit), depreciation and amortization expense, stock- based compensation, change in fair value of financial instruments and other non-recurring income and expenses. We use Adjusted EBITDA to measure the operating performance of our business, excluding specifically identified items that we do not believe directly reflect our core operations and may not be indicative of our recurring operations.By excluding certain items that are nonrecurring or not reflective of the performance of our normal course of business, we believe that Adjusted EBITDA provides meaningful supplemental information regarding our performance. Accordingly, we believe that Adjusted EBITDA is useful to investors and others because it allows investors to supplement their understanding of our financial trends and evaluate our ongoing and future performance in the same manner as management. However, there are several limitations related to the use of Adjusted EBITDA as it reflects the exercise of judgment by our management about which expenses are excluded or included. Adjusted EBITDA should be considered in addition to, not as a substitute for or in isolation from, our financial results prepared in accordance with GAAP. In addition, our presentation of Adjusted EBITDA may be different from how such a metric is used by other companies. The following tables provide unaudited reconciliations to net loss, the most directly comparable GAAP measure, to Adjusted EBITDA for the periods presented.Forward-Looking StatementsThis press release contains "forward-looking statements" within the meaning of the U.S. federal  securities laws and "forward-looking information" within the meaning of applicable Canadian  securities laws (collectively, "forward-looking statements"). Forward-looking statements may be  identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will,"  "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible,"  "potential," "predict" or similar expressions that predict or indicate future events or trends or that  are not statements of historical matters. We have based these forward-looking statements on  current expectations and projections about future events. These statements include: Xanadu's mission; Xanadu's path to building a quantum data center and related uses; the expected benefits of going public; uses of funds from the business combination with Crane Harbor Acquisition Corp.; the potential government funding, including the negotiation and execution of final agreements with the Governments of Canada and of Ontario, Xanadu's ability to execute on its quantum computing technology roadmap, including the path towards utility-scale quantum computing, Xanadu's planned investment in hardware, software, and talent to advance photonic quantum computing, the completion of due diligence and the amount and terms of such funding; expectations regarding the impact of strategic collaborations and partnerships, including with AMD, Lockheed Martin, Mitsubishi Chemical, and TELUS, on the Company's path to commercialization; expectations regarding the equity line of credit, including the amount thereof, anticipated benefits and use of proceeds therefrom, and approach to use, and expectations regarding the Company's cash position and dilution profile; and investor conference participation.These forward-looking statements are provided for illustrative purposes only and are not intended  to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive  statement of fact or probability. Actual events and circumstances are difficult or impossible to  predict and will differ from assumptions, many of which are beyond the control of Xanadu. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such statements. Such risks and uncertainties include: that Xanadu is pursuing an emerging technology, faces  significant technical challenges and may not achieve commercialization or market acceptance;  Xanadu's historical net losses and limited operating history; Xanadu's expectations regarding  future financial performance, capital requirements and unit economics; Xanadu's use and  reporting of business and operational metrics; Xanadu's competitive landscape; Xanadu's  dependence on members of its senior management and its ability to attract and retain qualified  personnel; the potential need for additional future financing; Xanadu's ability to manage growth  and expand its operations; potential future acquisitions or investments in companies, products,  services or technologies; Xanadu's reliance on strategic partners and other third parties; Xanadu's concentration of revenue in contracts with government or state-funded entities; Xanadu's ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data protection or cybersecurity incidents and related regulations; the use, rate of adoption, and regulation of artificial intelligence and machine learning; uncertainty or changes with respect to laws and regulations; uncertainty or changes with respect to taxes, trade conditions and the macroeconomic environment; material weaknesses in Xanadu's internal control over financial reporting and the Company's ability to maintain internal control over financial reporting and operate as a public company; the outcome of any legal proceedings or government investigations that may be commenced against Xanadu; failure to realize the anticipated benefits of the business combination with Crane Harbor Acquisition Corp.; the Company's ability to issue equity or equity-linked securities in the future; risks related to the equity line of credit, including the potential for substantial dilution to existing shareholders resulting from the issuance of Class B Subordinate Voting Shares thereunder, the risk that sales of such shares or the perception that such sales may occur, could cause the price of the Company's Class B Subordinate Voting Shares to decline; uncertainty regarding the proposed government funding from the Governments of Canada and Ontario, including the risk that due diligence may not be completed, that final agreements may not be executed, or that the amount or terms of any such funding may differ materially from those currently anticipated; and other factors described in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC") and the Canadian Securities Administrators (the "CSA"), which factors are incorporated by reference herein. These forward-looking statements are based on certain assumptions, including that none of the risks identified above materialize; that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings by the Company with the SEC and the CSA, including under the heading "Risk Factors." If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, these statements reflect the expectations, plans and forecasts of Xanadu's management as of the date of this press release; subsequent events and developments may cause their assessments to change. While Xanadu may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so, unless required by applicable securities laws. Accordingly, undue reliance should not be placed upon these statements.In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.Summary financial tables follow.XANADU QUANTUM TECHNOLOGIES LIMITED
Consolidated Balance Sheets
 (In thousands, except for share amounts)




March 31,
2026
December 31, 2025 (1)
(unaudited)

Assets


Current assets:


Cash and cash equivalents$         272,465
$          16,164Accounts receivable, net3,673
9,477Materials and supplies6,106
8,344Prepaid expenses and other current assets8,173
6,229Total current assets 290,417
40,214Property and equipment, net17,181
18,313Operating right-of-use assets, net 6,607
6,949Intangible assets, net4,835
5,128Total assets $         319,040
$         70,604



Liabilities and Shareholders' Equity


Current liabilities:


Accounts payable 2,903
$           2,802Accrued expenses and other current liabilities 3,278
2,191Deferred revenue597
544Deferred grant income5,229
492Short-term operating lease liabilities 1,064
1,074Earn-out share liabilities7,164
—Warrant liabilities —
1,874Total current liabilities 20,235
8,977Long-term operating lease liabilities6,795
7,185Long-term debt 30,033
29,998Total liabilities$           57,063
$          46,160



Commitments and contingencies






Shareholders' equity:


Old Xanadu convertible preferred shares, no par value, 204,286,254 shares authorized, 199,930,069 issued and outstanding at December 31, 2025 (1)$                  —
$        213,002Old Xanadu common shares, no par value, 336,123,821 shares authorized, 55,964,876 shares issued and outstanding at December 31, 2025 (1)—
7,585Common shares, unlimited Xanadu Class A Multiple Voting Shares authorized, no par value, 255,226,928 issued and outstanding; unlimited Xanadu Class B Subordinate Voting Shares authorized, no par value, 43,284,436 shares issued and outstanding at March 31, 2026.478,174
—Additional paid-in capital 12,325
10,151Accumulated deficit(228,314)
(206,303)Accumulated other comprehensive income (loss) (208)
9Total shareholders' equity $        261,977
$         24,444Total liabilities and shareholders' equity $        319,040
$         70,604(1)  Old Xanadu convertible preferred shares and common shares have been retroactively recast after giving effect to the Reverse Recapitalization. Refer to the Company's 6-K Q1 2026 Quarterly Report filed on May 14, 2026 for additional information. XANADU QUANTUM TECHNOLOGIES LIMITED
Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
(In thousands, except for share and per share amounts)
Three Months Ended
March 31,
2026
2025Revenue$          2,832
$            699



Operating expenses:


Cost of revenue (exclusive of depreciation and amortization below)113
49Research and development 17,348
10,009General and administrative 9,759
1,912Sales and marketing1,401
228Depreciation and amortization 1,617
1,277Other operating income, net (4,139)
(11)Total operating expenses 26,099
13,464Loss from operations(23,267)
(12,765)



Other income (expense), net:


Interest income (expense), net(190)
553Gain on fair value of earn out share liabilities2,833
—Other income, net 20
7Total other income, net2,663
560Net loss $       (20,604)
$       (12,205)



Net loss per share, basic and diluted  (1)$           (0.28)
$           (0.22)Weighted average shares outstanding (1)72,458,652
55,649,457



Comprehensive loss:


Net loss$       (20,604)
$       (12,205)Cumulative translation adjustment(217)
63Net comprehensive loss$       (20,821)
$       (12,142)(1) Net loss per share and weighted average shares outstanding have been retroactively recast after giving effect to the Reverse Recapitalization. Refer to the Company's 6-K Q1 2026 Quarterly Report filed on May 14, 2026 for additional information. XANADU QUANTUM TECHNOLOGIES LIMITED
NON-GAAP FINANCIAL MEASURE
(In thousands)Reconciliation of Non-GAAP Financial Measure Adjusted EBITDA:
Three Months Ended
March 31,
2026
2025Net loss$      (20,604)
$     (12,205)Excluding:


Depreciation and amortization1,617
1,277Stock-based compensation expense1,408
811Change in fair value of financial instruments (1)(1,938)
6Interest (income) expense, net190
(553)Other (income), net (2)(20)
(7)Non-recurring expenses (3)5,465
28Adjusted EBITDA$      (13,882)
$     (10,643)__________(1) Other income, net consists of foreign exchange gain (loss).(2) Includes the gain (loss) on the fair value of the warrant and earn-out share liabilities.(3) Non-recurring expenses include professional fees such as legal, consulting, and accounting fees incurred in connection with indirect costs related to the Reverse Recapitalization and public offerings. View original content:https://www.prnewswire.com/news-releases/xanadu-announces-first-quarter-2026-results-302772813.htmlSOURCE Xanadu Original: Xanadu Announces First Quarter 2026 Results

>>> Missed the early years of Qualcomm/Rambus before what they now have become?
google search this: "Too Early for Its Own Time: The untold story of Netlist and the Memory Technology That Preceded the AI Revolution"

{ NLST} Netlist's "tail end stage" sampling with AMD and INTEL signifies the final, critical validation phase for CXL NVDIMM memory products, marking the culmination of a 6–9 month testing process prior to mass production adoption. This indicates that products are moving from R&D into potential volume shipments, driven by AI-driven high-performance computing demand.

This is my favorite stock now haha. Im not even sure how the other quantum companies will even compete with this technology. Their technology is way too complicated and requires way too much equipment for cooling etc. This uses light. Same goes for data centers using copper when a fiber optic light cables are way faster.

Tradr Debuts Leveraged ETF on Xanadu Quantum TechnologiesMay 7, 2026 6:46 AM
PR Newswire (US) First-to-Market Strategy on Recent Listing of Canada's Photonic Quantum Computing ChampionNEW YORK, May 7, 2026 /PRNewswire/ -- Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional traders, is pleased to announce the launch of the Tradr 2X Long XNDU Daily ETF (Cboe: XNDX). The fund is a first-to-market single stock leveraged ETF and seeks to deliver two times long (200%) the daily performance of Xanadu Quantum Technologies (Nasdaq: XNDU). "Xanadu's recent public listing is a testament to strong investor appetite for cutting-edge technology narratives," said Matt Markiewicz, Head of Product and Capital Markets at Tradr ETFs. "The debut of XNDX adds to Tradr's stable of three existing leveraged ETFs covering quantum stocks that includes D-Wave Quantum (NYSE: QBTS), Rigetti Computing (Nasdaq: RGTI), and Quantum Computing Inc. (Nasdaq: QUBT). We are excited to watch Xanadu's growth trajectory in the years to come."Tradr's lineup of 64 leveraged ETFs represents over $5 billion in assets under management. Tradr's strategies can be accessed through most brokerage platforms and allow investors to avoid the hassle of using margin and the complexity of options trading. The firm continues its mission of providing sophisticated investors with innovative trading tools that enhance their ability to express market views with precision and efficiency.For detailed information on Tradr ETFs and the significant risks involved with leveraged ETFs, please visit www.tradretfs.com.About Tradr ETFs
Tradr ETFs are designed for sophisticated investors and professional traders who are looking to express high conviction investment views. The strategies include leveraged and inverse ETFs that seek short or long exposure to actively traded stocks and ETFs.IMPORTANT RISK INFORMATION
Tradr ETFs are for sophisticated investors and professional traders with high conviction views and are very different from most other ETFs. The Funds are intended to be used as short-term trading vehicles and pursue leveraged investment objectives, which means they are riskier than alternatives that do not use leverage because the Funds magnify the performance of their underlying security. The volatility of the underlying security may affect a Fund's return as much as, or more than, the return of the underlying security.Investors in the fund should: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking inverse and leveraged investment results; (c) for short ETFs, understand the risk of shorting; (d) intend to actively monitor and manage their investment. Fund performance will likely be significantly different than the benchmark over periods longer than the specified reset period and the performance may trend in the opposite direction than its benchmark over periods other than that period.Leverage increases the risk of a total loss of an investor's investment, may increase the volatility of the Funds, and may magnify any differences between the performance of the Funds and their reference security. The Funds seek leveraged investment results for a specific period (daily, monthly or quarterly). The exact exposure of an investment in the Fund intra-period will depend upon the movement of the reference security from the end of the prior period until the time of investment by the investor.The Fund will not attempt to position its portfolio to ensure it does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, investors in a Fund that seeks two times daily performance would lose all of their money if the Fund's underlying security moves more than 50% in a direction adverse to the Fund on a given trading day.ETFs involve risk including possible loss of the full principal value. There is no assurance that the Fund will achieve its investment objective. Principal risks and other important risks may be found in the prospectus. Past performance does not guarantee future results.ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds. This and other important information about the Fund is contained in the Prospectus, which can be obtained by visiting www.tradretfs.com. The Prospectus should be read carefully before investing.Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs. AXI000902   View original content to download multimedia:https://www.prnewswire.com/news-releases/tradr-debuts-leveraged-etf-on-xanadu-quantum-technologies-302764086.htmlSOURCE Tradr ETFs Original: Tradr Debuts Leveraged ETF on Xanadu Quantum Technologies

this stock is nutty. i got some just to watch the cray cray

Tradr to Launch Leveraged ETF on Xanadu Quantum TechnologiesMay 6, 2026 3:15 PM
PR Newswire (US) First-to-Market Strategy Covers Recently Listed Full-Stack Quantum Computing LeaderNEW YORK, May 6, 2026 /PRNewswire/ -- Tradr ETFs, a provider of ETFs designed for sophisticated investors and professional traders, announced that, on Thursday, May 7, it expects to launch the Tradr 2X Long XNDU Daily ETF (Cboe: XNDX). The fund is a first-to-market single stock leveraged ETF and seeks to deliver two times long (200%) the daily performance of Xanadu Quantum Technologies (Nasdaq: XNDU).For detailed information on Tradr ETFs and the significant risks involved with leveraged ETFs, please visit www.tradretfs.com.About Tradr ETFs
Tradr ETFs are designed for sophisticated investors and professional traders who are looking to express high conviction investment views. The strategies include leveraged and inverse ETFs that seek short or long exposure to actively traded stocks and ETFs.IMPORTANT RISK INFORMATIONTradr ETFs are for sophisticated investors and professional traders with high conviction views and are very different from most other ETFs. The Funds are intended to be used as short-term trading vehicles and pursue leveraged investment objectives, which means they are riskier than alternatives that do not use leverage because the Funds magnify the performance of their underlying security. The volatility of the underlying security may affect a Fund's return as much as, or more than, the return of the underlying security.Investors in the fund should: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking inverse and leveraged investment results; (c) for short ETFs, understand the risk of shorting; (d) intend to actively monitor and manage their investment. Fund performance will likely be significantly different than the benchmark over periods longer than the specified reset period and the performance may trend in the opposite direction than its benchmark over periods other than that period.Leverage increases the risk of a total loss of an investor's investment, may increase the volatility of the Funds, and may magnify any differences between the performance of the Funds and their reference security. The Funds seek leveraged investment results for a specific period (daily, monthly or quarterly). The exact exposure of an investment in the Fund intra-period will depend upon the movement of the reference security from the end of the prior period until the time of investment by the investor.The Fund will not attempt to position its portfolio to ensure it does not gain or lose more than a maximum percentage of its net asset value on a given trading day. As a consequence, investors in a Fund that seeks two times daily performance would lose all of their money if the Fund's underlying security moves more than 50% in a direction adverse to the Fund on a given trading day.ETFs involve risk including possible loss of the full principal value. There is no assurance that the Fund will achieve its investment objective. Principal risks and other important risks may be found in the prospectus. Past performance does not guarantee future results.ETF shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds. This and other important information about the Fund is contained in the Prospectus, which can be obtained by visiting www.tradretfs.com. The Prospectus should be read carefully before investing.Distributed by ALPS Distributors, Inc, which is not affiliated with AXS Investments or its Tradr ETFs. AXI000897 View original content to download multimedia:https://www.prnewswire.com/news-releases/tradr-to-launch-leveraged-etf-on-xanadu-quantum-technologies-302764046.htmlSOURCE Tradr ETFs Original: Tradr to Launch Leveraged ETF on Xanadu Quantum Technologies

I was fortunate to be completely out of this stock when it tanked but bought the 12s. Im liking what Im seeing today. Back to the14s

Xanadu and EV Group partner to build industrial-scale photonic quantum hardwareMay 5, 2026 7:00 AM
PR Newswire (US) TORONTO, May 5, 2026 /PRNewswire/ - Xanadu Quantum Technologies Ltd. ("Xanadu") (NASDAQ: XNDU) (TSX: XNDU), a leading photonic quantum computing company, and EV Group (EVG), a leading supplier of wafer bonding and lithography equipment, today announced a strategic partnership to develop critical heterogeneous integration and wafer bonding processes to facilitate the scalability of photonic quantum systems. Throughout this partnership, Xanadu and EVG expect to utilize EVG's industrial manufacturing tools to fabricate the specialized chips used in Xanadu's photonic quantum computers, with the goal of accelerating the progression of quantum computing chip manufacturing from the lab to high-volume production.As the semiconductor and photonics industries evolve, heterogeneous integration has emerged as a high-growth frontier. It allows for the seamless combination of multiple functional materials and platforms—such as silicon, lithium niobate, and III-V semiconductors—onto a single, unified chip. EVG's industry-leading bonding expertise helps Xanadu engineer the high-precision and ultra-clean interfaces required to bring together the photonic chip material stack across different platforms. This process is integral to Xanadu's mission of building a quantum data centre that is both manufacturable and scalable."Heterogeneous integration is the key to unlocking the next generation of photonic performance," said Dr. Christian Weedbrook, Founder and Chief Executive Officer of Xanadu. "Working with EV Group allows us to push the boundaries of what's possible on-chip, bringing us ever closer to a useful, large-scale quantum data center.""This partnership is a clear demonstration of how established semiconductor technologies can accelerate next-generation high-performance computing, and quantum is the next frontier," said Paul Lindner, Executive Technology Director, at EVG. "We are proud to support Xanadu by providing the high-precision bonding and interface engineering solutions required to unite and scale complex photonic platforms. This collaboration demonstrates how our advanced integration technologies are paving the way for the quantum computing era."This collaboration is working towards a shift from demonstrator systems to industrial-scale quantum hardware. By leveraging EVG's advanced bonding solutions, Xanadu is streamlining the transition of complex photonic circuits from specialized labs to standard semiconductor foundries, accelerating the timeline for a commercially viable, fault-tolerant quantum computer.About Xanadu: Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world's leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development. Visit xanadu.ai or follow us on X @XanaduAI.About EV Group: EV Group (EVG) provides innovative process solutions and expertise that serve leading-edge and future semiconductor designs and chip integration schemes. The company's vision of being the first in exploring new techniques and supporting next-generation applications of micro- and nanofabrication technologies enables customers to successfully commercialize new product ideas. EVG's high-volume-manufacturing-ready products, which include wafer bonding, lithography, thin-wafer processing and metrology equipment, enable advances in semiconductor front-end scaling, 3D integration and advanced packaging, as well as in other electronics and photonics applications. More information at www.EVGroup.comForward-Looking StatementsThis communication includes "forward-looking statements" within the meaning of the U.S. federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. We have based these forward-looking statements on current expectations and projections about future events. These statements include: statements regarding the ability of heterogeneous integration to improve photonic performance; Xanadu and EVG's ability to successfully utilize EVG's industrial manufacturing tools to fabricate the specialized chips used in Xanadu's photonic quantum computers; Xanadu's ability to bring its technology to market; Xanadu's ability to scale its technology platform and advance toward practical, real-world use cases; Xanadu's ability to accelerate its commercial roadmap and leadership in photonic quantum computing;beliefs regarding the potential of light-based quantum systems to offer a path to scalable, fault-tolerant quantum computing; and Xanadu's mission to build quantum computers that are useful and available to people everywhere.These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond the control of Xanadu. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions that may cause the actual results of the combined company following the transaction, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such statements. Such risks and uncertainties include: that Xanadu is pursuing an emerging technology, faces significant technical challenges and may not achieve commercialization or market acceptance; Xanadu's historical net losses and limited operating history; Xanadu's expectations regarding future financial performance, capital requirements and unit economics; Xanadu's use and reporting of business and operational metrics; Xanadu's competitive landscape; Xanadu's dependence on members of its senior management and its ability to attract and retain qualified personnel; the potential need for additional future financing; Xanadu's ability to manage growth and expand its operations; potential future acquisitions or investments in companies, products, services or technologies; Xanadu's reliance on strategic partners and other third parties; Xanadu's concentration of revenue in contracts with government or state-funded entities; Xanadu's ability to maintain, protect and defend its intellectual property rights; risks associated with privacy, data protection or cybersecurity incidents and related regulations; the use, rate of adoption, and regulation of artificial intelligence and machine learning; uncertainty or changes with respect to laws and regulations; uncertainty or changes with respect to taxes, trade conditions and the macroeconomic environment; material weaknesses in Xanadu's internal control over financial reporting and the combined company's ability to maintain internal control over financial reporting and operate as a public company; the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; the outcome of any legal proceedings or government investigations that may be commenced against Xanadu; failure to realize the anticipated benefits of the transaction; the ability of the combined company to issue equity or equity-linked securities in the future; and other factors described in Xanadu's filings with the SEC (www.sec.gov) and the Canadian Securities Administrators (www.sedarplus.com). These forward-looking statements are based on certain assumptions, including that none of the risks identified above materialize; that there are no unforeseen changes to economic and market conditions, and that no significant events occur outside the ordinary course of business. Additional information concerning these and other factors that may impact such forward-looking statements can be found in filings and potential filings by Xanadu with the SEC and the Canadian Securities Administrators, including under the heading "Risk Factors." If any of these risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, these statements reflect the expectations, plans and forecasts of Xanadu's management as of the date of this communication; subsequent events and developments may cause their assessments to change. While Xanadu may elect to update these forward-looking statements at some point in the future, they specifically disclaim any obligation to do so, unless required by applicable securities laws. Accordingly, undue reliance should not be placed upon these statements.In addition, statements that "we believe" and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this communication, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements. View original content:https://www.prnewswire.com/news-releases/xanadu-and-ev-group-partner-to-build-industrial-scale-photonic-quantum-hardware-302761506.htmlSOURCE Xanadu Original: Xanadu and EV Group partner to build industrial-scale photonic quantum hardware

WTF is going on with this this morning? droped to $10. I didnt have any thank Goodness but I just bought a few shares. Crazy

Xanadu to Report First Quarter 2026 Financial Results on May 14th, 2026May 1, 2026 8:00 AM
PR Newswire (Canada)

TORONTO, May 1, 2026 /CNW/ - Xanadu Quantum Technologies Ltd. ("Xanadu") (NASDAQ: XNDU) (TSX: XNDU), a leading photonic quantum computing company, today announced that the company will release its financial results for the quarter ended March 31st, 2026, on May 14th, 2026, after the financial markets close.Xanadu will host a conference call the same day at 4:30 PM EDT to discuss the results and business outlook. The call will be available live via webcast here or on the company's website here. The call will also be accessible by telephone at 1-888-349-0106 (USA/Canada toll-free) or 1-412-902-0131 (International). Participants must ask to be joined into the Xanadu Quantum Technologies Ltd. (Nasdaq/TSX: XNDU) call.A telephone replay of the conference call will be available approximately 1 hour after it concludes at 1-855-669-9658 (USA/Canada toll-free) or 1-412-317-0088 (International) with access code 4363342 and will be available until 11:59 PM EDT, May 28th, 2026. Participants will be required to state their name and company upon entering the call. An archive of the webcast will also be available on the company's website here shortly after the call.About XanaduXanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world's leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development. Visit xanadu.ai or follow us on X @XanaduAI.



View original content:https://www.prnewswire.com/news-releases/xanadu-to-report-first-quarter-2026-financial-results-on-may-14th-2026-302759378.htmlSOURCE Xanadu

Original: Xanadu to Report First Quarter 2026 Financial Results on May 14th, 2026

Xanadu and Oak Ridge National Laboratory push the boundaries of large-scale quantum programming on the Frontier supercomputerApril 29, 2026 7:00 AM
PR Newswire (US)

TORONTO, April 29, 2026 /PRNewswire/ - Xanadu Quantum Technologies Ltd. ("Xanadu") (NASDAQ: XNDU) (TSX: XNDU), a leading photonic quantum computing company, and the U.S. Department of Energy's Oak Ridge National Laboratory (ORNL), one of the largest scientific research centers in the United States, have collaborated to enable cutting-edge research in quantum computing by leveraging Xanadu's open-source quantum software library, PennyLane, on the Frontier supercomputer, one of the most advanced computing systems in the world.Users of Frontier and the broader Oak Ridge Leadership Facility (OLCF) community can now utilize PennyLane to write and execute quantum programs directly on the Frontier supercomputer using PennyLane's high-performance Lightning simulator. This collaboration pushes the limits of quantum computing simulation by merging Frontier's exascale capabilities, powered by AMD's CPUs and GPUs, with PennyLane's accessible programming interface.In order to prototype, test, and validate larger quantum programs and algorithms, researchers often need supercomputing resources to simulate a large number of qubits. With the ability to run PennyLane on Frontier, researchers can now explore complex problems and identify performance bottlenecks that are not present within smaller simulations. Researchers have a new, powerful set of tools to advance the field of quantum applications development, with fault-tolerant quantum computing on the horizon.Xanadu has further advanced this work by integrating Message Passing Interface (MPI) with Lightning. MPI introduces the ability to communicate across multiple computational nodes and is a foundational tool for massively-parallelized classical high-performance computing. This integrated feature enables users to cut down on total runtimes and explore novel approaches for distributed computation by coupling Lightning with MPI for quantum simulation. Researchers are now able to easily leverage world-class parallel computing capabilities of AMD-powered hardware at the Frontier supercomputing facility for their quantum computing research.Xanadu also supported the OLCF community through a comprehensive hands-on workshop. The goal of this workshop was to provide participants with the knowledge to start using PennyLane for quantum programming. In addition to general onboarding, the workshop also taught how PennyLane's high-performance capabilities could be leveraged with the supercomputing capabilities of Frontier."We're thrilled that PennyLane is now ready for researchers using Frontier to push the limits of quantum computing simulation. PennyLane was designed to provide an accessible user interface, support hybrid classical-quantum programs, and integrate with high-performance simulators - all features that complement Frontier's classical supercomputer," said Dr. Christian Weedbrook, Founder and Chief Executive Officer of Xanadu."By leveraging the exascale performance of Frontier's AMD-powered systems with Xanadu's accessible PennyLane software framework, we are enabling the OLCF user community to simulate quantum programs at scale. This capability supports benchmarking of algorithms, investigation of hardware constraints, and preparation for future fault-tolerant quantum applications," said Michael Sandoval, a high-performance engineer at OLCF and organizer of the PennyLane on Frontier workshop.As the field of quantum computing continues to accelerate, collaborations between industry and national laboratories are poised to unlock new discoveries in quantum computing and beyond. Xanadu and ORNL stand ready to support the world-class researchers pushing the limits of the field.About Xanadu: Xanadu is a Canadian quantum computing company with the mission to build quantum computers that are useful and available to people everywhere. Founded in 2016, Xanadu has become one of the world's leading quantum hardware and software companies. The company also leads the development of PennyLane, an open-source software library for quantum computing and application development. Visit xanadu.ai or follow us on X @XanaduAI.About PennyLane & Catalyst: PennyLane is an open-source software framework for quantum machine learning, quantum chemistry, and quantum computing with the ability to run on all hardware. Catalyst is a package that enables just-in-time (JIT) compilation of PennyLane programs and allows for an efficient quantum-classical hybrid workflow. To find out more, visit the PennyLane website (pennylane.ai), or check out the PennyLane demos, a gallery of hands-on quantum computing content (https://pennylane.ai/qml/demonstrations.html). To find out more about Catalyst or to contribute to its development, visit: https://docs.pennylane.ai/projects/catalyst/en/stable/.About ORNLOak Ridge National Laboratory delivers scientific discoveries and technical breakthroughs to accelerate the development and deployment of solutions in clean energy and global security, and in doing so create economic opportunity for the nation. ORNL is managed by UT-Battelle for DOE's Office of Science.



View original content:https://www.prnewswire.com/news-releases/xanadu-and-oak-ridge-national-laboratory-push-the-boundaries-of-large-scale-quantum-programming-on-the-frontier-supercomputer-302756068.htmlSOURCE Xanadu

Original: Xanadu and Oak Ridge National Laboratory push the boundaries of large-scale quantum programming on the Frontier supercomputer

MLAA is next 

$XNDU: This is doing what $RGTI & $QUBT did earlier............

Another QUANTUM player.


Boosting hardddddddddddddddd to over $40 here


SWEET RUNNNNNnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn




Thank you Toronto Stock Exchange (@tsx_tsxv) for marking this milestone with us.

We’re looking forward to what comes next!#XNDU #QuantumComputing pic.twitter.com/odNNBI4ouz— Xanadu (@XanaduAI) April 1, 2026

GO $XNDU