Selling every unit you can produce usually counts as a good problem. For one optical chipmaker, it also meant a full fiscal year of negative gross margins. Enablence now guides next year’s revenue to roughly two and a half times this year’s, and it closed C$25 million four days before saying so. Meanwhile, a quantum computing company says one off-the-shelf processor can keep up with error correction at a scale no quantum machine has reached yet.
Enablence Guides FY2027 Revenue Up 150%, Closes C$25 Million Placement
Enablence Technologies Inc. (TSXV: ENA; OTC Pink: ENAFF) expects fiscal 2027 revenue of US$19.0 million to US$21.0 million, growth of 150% at the midpoint, according to preliminary results released September 22. For the fiscal year that ended June 30, it expects US$7.9 million to US$8.1 million, in line with earlier guidance. Those fiscal 2026 figures are unaudited.
The company makes planar lightwave circuit (PLC) chips, silicon-based optical chips sold primarily into data center markets, including AI. Demand is not the constraint. CFO Steve Cohn told investors that customer demand continues to outpace available wafer capacity, and management expects to keep selling wafers as fast as it can make them until a second manufacturing location is qualified in the second half of fiscal 2027. The Fremont, California fab is targeted to pass 4,000 wafer starts per month by the end of calendar 2026.
That expansion needs money, and Enablence closed a C$25 million private placement on September 18. Collingwood Investments Incorporated bought 3,226,000 shares at C$7.75 each and received pro rata pre-emptive rights on future equity issuances plus certain top-up rights. Final TSX Venture Exchange acceptance is still pending. The new shares dilute existing holders.
Margins are the weak spot. Enablence posted its first positive gross-margin quarter during fiscal 2026, but expects the full year to finish with a negative GAAP gross margin, compared with negative 40% in fiscal 2025. Fiscal 2027 guidance calls for 25% to 35%. ENAFF trades on OTC Pink, a limited-disclosure tier, so US investors should confirm availability with their broker.
IonQ Runs Real-Time Quantum Error Correction on a Single Standard CPU
IonQ, Inc. (NYSE: IONQ) announced on September 22 that its researchers built and tested a real-time quantum error correction decoder running on a single off-the-shelf CPU. Quantum error correction spreads information across many physical qubits so errors can be found and fixed mid-calculation, and the classical computers doing that decoding can fall behind and force the quantum system to pause. IonQ says its decoder added as little as 0.02% to run time under standard noise, across benchmark circuits simulating up to 408 logical qubits and more than 31.5 million quantum operations.
Simulating is the key word. Machines at that scale do not exist yet, and the research behind the announcement was first reported on August 31 after it was posted to arXiv. IonQ calls the result a foundation for its roadmap beyond 256 physical qubits.
Shares moved higher in after-hours trading on the news. A day earlier, IonQ signed a multi-year partnership with Korea-based SDT, Inc. to supply a Superion 256 quantum computer along with its silicon-vacancy quantum memory module. The company carried a market capitalization near $15.37 billion earlier this month, and it raised its 2026 revenue outlook to $450 million to $460 million after acquiring SkyWater Technology. It remains loss-making.
ENA, IONQ: Forward-Looking FAQ
Not necessarily. Enablence has tied relief from its wafer-capacity constraint to qualifying that site, so a delay would likely leave revenue dependent on how far the Fremont fab can push past 4,000 wafer starts per month.
No. The 408-logical-qubit workloads were simulated for IonQ’s proposed Walking Cat architecture, and the company positions the result as groundwork for systems beyond 256 physical qubits, not as a run on existing hardware.
Sources
- Newsfile / FinancialContent: Enablence Technologies Announces Preliminary Unaudited FY2026 Results and Updated Guidance, September 22, 2026
- Newsfile: Enablence Technologies Inc. Closes C$25 Million Strategic Investment, September 18, 2026
- Business Wire: IonQ Demonstrates Industry’s First End-to-End Real-Time Quantum Error Decoder, September 22, 2026
- Business Wire: IonQ and SDT Announce the First Strategic Partnership to Bring Both Advanced Quantum Computing and Quantum Networking to the Asia-Pacific Region, September 21, 2026
- The Quantum Insider: IonQ Researchers Run MegaQuOp-Scale Quantum Error Decoder on a MacBook Pro, August 31, 2026
- Benzinga: IonQ Stock Jumps After Real-Time Quantum Error Decoder Demonstration, September 22, 2026
- MarketBeat: IonQ (NYSE:IONQ) Shares Up 2.1%, September 8, 2026
Editorial Disclosure
Securities discussed: Enablence Technologies Inc. (TSXV: ENA; OTC Pink: ENAFF) and IonQ, Inc. (NYSE: IONQ). aktiego.com has not received any compensation from any company mentioned, their management, investor relations representatives, or any third party. No staff member or principal of aktiego.com holds a position in any security mentioned at the time of publication. ENAFF trades on OTC Pink, a limited-disclosure tier; US investors should check availability with their broker.
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