Quantum Computing

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus: revenue of $5.55M beat the $5.15M expectation (+7.75%), driven by the rapid consolidation of LSI and NHanced acquisitions. However, EPS GAAP missed significantly at -$0.05 vs. -$0.038 expected, primarily due to higher-than-anticipated G&A expenses from $7.3M in transaction-related costs. Gross margin remained negative at -21% compared to a 32.9% positive mean expectation, reflecting substantial under-absorption of fixed costs at newly acquired manufacturing sites.