Quantum Computing Inc. posts 9,000% revenue jump

Xanadu Quantum Technologies has entered a multi-year manufacturing agreement with GlobalFoundries to produce photonic quantum components. The partnership moves Xanadu designs for fault-tolerant photonic qubits onto GlobalFoundries high volume semiconductor fabrication lines, with GlobalFoundries manufacturing integrated photonic chips intended to support Xanadu quantum computing systems beyond lab scale prototypes. The arrangement shifts Xanadu's SNSPDs and its ultra low loss SiN platform onto a 300 mm line, tying its roadmap to industrial processes that can support a quantum data centre model. The key marker now is whether Xanadu converts the deal into working fault tolerant demonstrator systems on GlobalFoundries made chips, with updates on timing and performance relative to the 2029 to 2030 data centre goal central from here. Investors still face a business that is currently unprofitable, has seen significant insider selling over the past 3 months, and where earnings are forecast to decline 20.1% per year over the next 3 years.

Infleqtion announced a joint research and development collaboration with Cisco Systems on September 10, 2026, to connect, operate, and scale quantum systems into distributed networks. The effort pairs Infleqtion's neutral-atom quantum processors and sensors with Cisco's quantum networking stack, aiming to move standalone quantum hardware into scalable, interconnected networks; Infleqtion Chief Technology Officer Pranav Gokhale compared the shift to how the internet emerged from linked classical computers. Infleqtion brings record Q2 2026 revenue of $12.6 million, trailing 12-month revenue of $42.44 million, an updated 2026 revenue outlook of roughly $43 million, a $100 million Department of Commerce grant and a roughly four-year funding runway, but it also posted a $24.7 million operating loss in Q2 2026 against $13.5 million in revenue, and the collaboration remains an early-stage joint R&D effort that generates no immediate commercial software or hardware sales. Cisco gains an early foothold in next-generation quantum networks that expands its long-term addressable market, though it must weigh that against a more leveraged balance sheet, margin pressure from a higher hardware mix and rising memory costs. Infleqtion's path to material revenue depends on unproven milestones including 30 logical qubits in 2026 and field tests in 2027, alongside its 2027 fault-tolerant Illinois system.

Hewlett Packard Enterprise said it will integrate QuEra Computing's fault-tolerant quantum systems with its Cray supercomputers for on premises high performance computing environments. The collaboration targets national labs, enterprises and high performance computing centers that want quantum and classical workloads running on a single infrastructure. QuEra's quantum technology is being positioned for scientific and energy research tasks that run alongside traditional Cray supercomputing jobs inside existing data centers. The move fits HPE's wider push to serve complex on premises workloads for governments and large enterprises, reinforcing its role as a full stack provider rather than just a server vendor. The real test will come from the first disclosed integrated testbeds or customer deployments where QuEra systems sit alongside HPE Cray supercomputers, especially at national labs or major HPC centers, along with any concrete timelines or contract details.