Xanadu Quantum Technologies Ltd. (NASDAQ:XNDU) on Wednesday posted downbeat third-quarter fiscal 2026 results.

Xanadu Quantum reported quarterly losses of 11 cents per share, which missed the Street estimate for losses of 10 cents, per Benzinga Pro data. Quarterly revenue came in at $1.31 million, which missed the consensus estimate of $2.22 million.

“Loss is the engineering challenge between Xanadu and a utility-scale quantum computer, and we continue to go after it from every direction: more tapeouts, better components, and manufacturing partners who can help us push further,” said Dr. Christian Weedbrook, CEO of Xanadu.

Xanadu Quantum shares dipped 8.1% to trade at $2.5740 on Thursday.

These analysts made changes to their price targets on Xanadu Quantum following earnings announcement.

• Canaccord Genuity analyst Kingsley Crane maintained the stock with a Buy and lowered the price target from $34 to $24.
• RBC Capital analyst Paul Treiber maintained the stock with an Outperform rating and lowered the price target from $16 to $13.

Considering buying XNDU stock? Here’s what analysts think:

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