Both Canon SD940 IS and Fujifilm XQ2 have 12.0 MP resolution sensors but Canon SD940 IS's sensor is 1/2.3-inch (6.17 x 4.55 mm ) and Fujifilm XQ2's sensor is 2/3' (8.8 x 6.6 mm ).
Since Fujifilm XQ2's has a larger sensor area with the same resolution, this means that it also has a larger pixel area hence better light collecting capacity for a given aperture compared to Canon SD940 IS.
Below you can see the SD940 IS and XQ2 sensor size comparison.
As seen above, Fujifilm XQ2 has a 2.1x Larger sensor area than Canon SD940 IS. Larger sensors give photographer more control on the depth of field and blurry background compared to smaller sensor when shot in same focal length and aperture.